Solar Power Panels in New Mexico: Costs, Companies, and ROI

Interested in solar power in New Mexico? We've got you covered. We've gathered a ton of stats and tracked down any local installers we could find.

Skip to key solar facts in New Mexico

Get better info on your city

The average New Mexico resident spends about 0.12 per kilowatt-hour (kWh) and uses about 655 kilowatts (kW) per month. With an average month's electric bill totaling $76.56 it definitely makes sense to see if you can save money on power.

Key Solar Facts – Averaged for New Mexico

Average savings per year: $1331.39 ($110.95 per month)

Estimated time for the system to pay for itself: 15 years, 9 months

Is solar worth it in New Mexico? Based on the price of electricity in New Mexico (an average of 0.12 per kW) and very high amounts of sun (29% more than average) compared to other states, solar power  is 28% more cost effective than the rest of the nation.

Our final opinion: solar panels are strongly recommended in New Mexico.

Solar Panel Installers in New Mexico

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Solar Power by Month in New Mexico

A 5kW system will save someone in New Mexico about $110.95 on an average month. New Mexico residents will usually generate the most power in April. A breakdown of average solar power and savings per month is below.

New Mexico has a very high amount of solar power to capture – about 5.09 kilowatts per meter per day.

Calculations and Sources

Data based on 361 reporting zip codes in New Mexico. Stats above assume a 32 square meter (345 square foot) standard-efficiency (15%) 5 kW system costing $21,000 out of pocket. Costs vary, but are generally lower due to federal and local government incentives.

Get more info on cities in New Mexico

Choose from a city in New Mexico below to see info on solar power panels, installation, provider, and cost effectiveness in your area.

Abiquiu, NM
Alamogordo, NM
Albuquerque, NM
Alcalde, NM
Algodones, NM
Alto, NM
Amalia, NM
Amistad, NM
Angel Fire, NM
Animas, NM
Anthony, NM
Anton Chico, NM
Aragon, NM
Arenas Valley, NM
Arrey, NM
Arroyo Hondo, NM
Arroyo Seco, NM
Artesia, NM
Aztec, NM
Bard, NM
Bayard, NM
Belen, NM
Bent, NM
Bernalillo, NM
Blanco, NM
Bloomfield, NM
Bluewater, NM
Bosque, NM
Bosque Farms, NM
Brimhall, NM
Broadview, NM
Buckhorn, NM
Caballo, NM
Canjilon, NM
Cannon Afb, NM
Canones, NM
Capitan, NM
Caprock, NM
Capulin, NM
Carlsbad, NM
Carrizozo, NM
Carson, NM
Casa Blanca, NM
Causey, NM
Cebolla, NM
Cedar Crest, NM
Cerrillos, NM
Cerro, NM
Chacon, NM
Chama, NM
Chamisal, NM
Chaparral, NM
Chimayo, NM
Church Rock, NM
Cimarron, NM
Clayton, NM
Cleveland, NM
Cliff, NM
Clines Corners, NM
Cloudcroft, NM
Clovis, NM
Cochiti Lake, NM
Columbus, NM
Conchas Dam, NM
Continental Divide, NM
Cordova, NM
Corona, NM
Corrales, NM
Costilla, NM
Counselor, NM
Coyote, NM
Crossroads, NM
Crownpoint, NM
Cuba, NM
Cubero, NM
Cuervo, NM
Datil, NM
Deming, NM
Derry, NM
Des Moines, NM
Dexter, NM
Dulce, NM
Eagle Nest, NM
Edgewood, NM
El Prado, NM
El Rito, NM
Elephant Butte, NM
Elida, NM
Embudo, NM
Encino, NM
Espanola, NM
Estancia, NM
Eunice, NM
Farmington, NM
Faywood, NM
Flora Vista, NM
Floyd, NM
Folsom, NM
Fort Bayard, NM
Fort Stanton, NM
Fort Sumner, NM
Fort Wingate, NM
Fruitland, NM
Gallina, NM
Gallup, NM
Gamerco, NM
Garfield, NM
Garita, NM
Gila, NM
Gladstone, NM
Glencoe, NM
Glenwood, NM
Glorieta, NM
Grady, NM
Grants, NM
Grenville, NM
Guadalupita, NM
Hachita, NM
Hagerman, NM
Hanover, NM
Hatch, NM
Hernandez, NM
High Rolls Mountain Park, NM
Hillsboro, NM
Hobbs, NM
Holloman Air Force Base, NM
Holman, NM
Hondo, NM
Hope, NM
House, NM
Hurley, NM
Ilfeld, NM
Jal, NM
Jamestown, NM
Jarales, NM
Jemez Pueblo, NM
Jemez Springs, NM
Kirtland, NM
Kirtland Afb, NM
La Jara, NM
La Joya, NM
La Loma, NM
La Luz, NM
La Madera, NM
La Mesa, NM
La Plata, NM
Laguna, NM
Lake Arthur, NM
Lakewood, NM
Lamy, NM
Las Cruces, NM
Las Vegas, NM
Lemitar, NM
Lincoln, NM
Lindrith, NM
Lingo, NM
Llano, NM
Loco Hills, NM
Logan, NM
Lordsburg, NM
Los Alamos, NM
Los Lunas, NM
Los Ojos, NM
Loving, NM
Lovington, NM
Luna, NM
Magdalena, NM
Malaga, NM
Maljamar, NM
Maxwell, NM
Mayhill, NM
Mcalister, NM
Mcdonald, NM
Mcintosh, NM
Medanales, NM
Melrose, NM
Mentmore, NM
Mescalero, NM
Mesilla Park, NM
Mesquite, NM
Miami, NM
Milan, NM
Mills, NM
Milnesand, NM
Mimbres, NM
Montezuma, NM
Monticello, NM
Monument, NM
Mora, NM
Moriarty, NM
Mosquero, NM
Mountainair, NM
Mule Creek, NM
Nageezi, NM
Nara Visa, NM
Navajo, NM
Navajo Dam, NM
New Laguna, NM
Newcomb, NM
Nogal, NM
Ohkay Owingeh, NM
Ojo Caliente, NM
Ojo Feliz, NM
Orogrande, NM
Paguate, NM
Pecos, NM
Pena Blanca, NM
Penasco, NM
Pep, NM
Peralta, NM
Petaca, NM
Picacho, NM
Pie Town, NM
Pinehill, NM
Pinon, NM
Pinos Altos, NM
Placitas, NM
Playas, NM
Polvadera, NM
Ponderosa, NM
Portales, NM
Prewitt, NM
Quemado, NM
Questa, NM
Rainsville, NM
Ramah, NM
Ranchos De Taos, NM
Raton, NM
Red River, NM
Redrock, NM
Regina, NM
Rehoboth, NM
Reserve, NM
Ribera, NM
Rincon, NM
Rio Rancho, NM
Rociada, NM
Rodeo, NM
Rogers, NM
Roswell, NM
Rowe, NM
Roy, NM
Ruidoso, NM
Ruidoso Downs, NM
Sacramento, NM
Saint Vrain, NM
Salem, NM
San Acacia, NM
San Antonio, NM
San Cristobal, NM
San Fidel, NM
San Jon, NM
San Jose, NM
San Patricio, NM
San Rafael, NM
San Ysidro, NM
Sandia Park, NM
Santa Clara, NM
Santa Fe, NM
Santa Rosa, NM
Santa Teresa, NM
Santo Domingo Pueblo, NM
Sapello, NM
Sedan, NM
Serafina, NM
Sheep Springs, NM
Shiprock, NM
Silver City, NM
Smith Lake, NM
Socorro, NM
Solano, NM
Springer, NM
Stanley, NM
Sunland Park, NM
Sunspot, NM
Taiban, NM
Taos, NM
Taos Ski Valley, NM
Tatum, NM
Tererro, NM
Tesuque, NM
Texico, NM
Thoreau, NM
Tierra Amarilla, NM
Tijeras, NM
Timberon, NM
Tinnie, NM
Tohatchi, NM
Tome, NM
Torreon, NM
Trampas, NM
Trementina, NM
Tres Piedras, NM
Truchas, NM
Truth Or Consequences, NM
Tucumcari, NM
Tularosa, NM
Tyrone, NM
Ute Park, NM
Vadito, NM
Vado, NM
Valdez, NM
Vallecitos, NM
Vanderwagen, NM
Vaughn, NM
Veguita, NM
Velarde, NM
Villanueva, NM
Wagon Mound, NM
Waterflow, NM
Watrous, NM
Weed, NM
White Sands Missile Range, NM
Willard, NM
Williamsburg, NM
Winston, NM
Yatahey, NM
Yeso, NM
Youngsville, NM
Zuni, NM