Solar Panel Cost Guide in Tularosa, NM (2023 Update)
- Tularosa Solar Installation Cost: $10,229
- 25-Year Savings: $35,515
- Payback Period: 5.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Tularosa
Let's take a look at the average cost of solar in Tularosa.
The average cost of a solar system in Tularosa is 2.68 per watt. The average Tularosa homeowner needs a 5.5-kilowatt system, which would cost about $10,224 with the federal tax credit, or $14,620 before the 30% tax credit is applied.
These figures are just averages, and how much solar costs for you will vary based on your energy needs and what company you go with. Despite the significant upfront cost, the average Tularosa homeowner can save around $32,000 on their power bills over 20 years, which is one of the perks of solar.
To get a free quote from a highly rated solar installation company in Tularosa, you can click the button below.
Solar savings over time in Tularosa
| Year | Return on Investment |
|---|---|
| 1 years | $-9,141 |
| 3 years | $-6,964 |
| 5 years | $-4,786 |
| 7 years | $-2,609 |
| 9 years | $-432 |
| 11 years | $1,745 |
| 13 years | $3,923 |
| 15 years | $6,100 |
| 17 years | $8,277 |
| 19 years | $10,454 |
| 21 years | $12,631 |
| 23 years | $14,809 |
| 25 years | $16,986 |
Top Solar Installers in Tularosa
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make your switch to solar power much easier. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're looking for a solar installer in Tularosa, we've put together a list of our top suggestions here:
See all of the solar companies in Tularosa
Factors that Affect Solar Panel Costs in Tularosa
Although the average cost of a solar system in Tularosa is $10,224, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,680 per kilowatt in Tularosa. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Tularosa homeowners choose to finance their solar panel systems to make paying for solar more affordable. While solar loans make adopting solar energy more accessible for Tularosa homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that provides the products, warranties and services you're looking for and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.79 | $11,706 | $38,629 | 5.8 years |
| 8 kW | $2.73 | $15,308 | $51,805 | 5.7 years |
| 10 kW | $2.68 | $18,760 | $65,132 | 5.6 years |
| 12 kW | $2.63 | $22,062 | $78,608 | 5.5 years |
| 14 kW | $2.57 | $25,213 | $92,235 | 5.4 years |
| 16 kW | $2.52 | $28,215 | $106,011 | 5.3 years |
| 18 kW | $2.47 | $31,067 | $119,938 | 5.1 years |
| 20 kW | $2.41 | $33,768 | $134,015 | 5.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Warranty: If you care about the longevity of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: Before signing a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
EcoWatch's Tularosa, NM Solar Cost FAQs
What is the average cost of installing solar panels in Tularosa?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,677.83 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.