Solar Panel Cost Guide in Tularosa, NM (Mar 2023)
- Tularosa Solar Installation Cost: $10,224
- 25-Year Savings: $35,520
- Payback Period: 5.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Tularosa
Let's take a look at the average cost of solar panels in Tularosa.
The average cost of solar panels 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.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with. Despite the high upfront cost, the average Tularosa homeowner can save about $32,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar installer in your area for a personalized estimate.
Solar savings over time in Tularosa
| Year | Return on Investment |
|---|---|
| 1 years | $-8,394 |
| 3 years | $-4,735 |
| 5 years | $-1,075 |
| 7 years | $2,584 |
| 9 years | $6,244 |
| 11 years | $9,903 |
| 13 years | $13,563 |
| 15 years | $17,222 |
| 17 years | $20,882 |
| 19 years | $24,542 |
| 21 years | $28,201 |
| 23 years | $31,861 |
| 25 years | $35,520 |
Top Solar Installers in Tularosa
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be challenging. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Tularosa
Factors that Affect Solar Panel Costs in Tularosa
For many Tularosa homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Tularosa, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Tularosa homeowners choose to finance their solar panel systems to make paying for solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Tularosa is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services at different costs. The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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
There are a lot of companies available in Tularosa, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Tularosa, NM Solar Cost FAQs
How much does it cost to install solar panels in Tularosa?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Tularosa?
You can't get solar panels for free in Tularosa. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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 install 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.