563 kWh
231 lbs
Savings
$0
/mo
To see how much lower your bill could be, clicknext to the energy upgrades below
Your energy costs
Edit or upload bill
Electricity
$85
/mo
Heating
$31
/mo
Gasoline
$434
/mo
Total
$550
/mo
Your energy costs
Edit or upload bill
Total
$550
/mo
Electricity
$85
/mo
Heating
$31
/mo
Gasoline
$434
/mo
Savings
$0
/mo
To see how much lower your bill could be, tapnext to the energy upgrades below
Average solar panel installation
$12,190
Tax Credit
$1,219Total
$10,971
Average monthly bill without solar
$85Average monthly bill with solar
$0Solar will pay for itself in
11 yearsPowered by WattBuy’s data & insights on energy usage, costs, incentives and more. Ask Sunny all your questions about solar panels, whenever you have them.
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Toggle each recommendation on and off to see its impact on your bill, energy usage, and carbon emissions.
The estimated cost to install solar at your house is $12,190. We calculated this because we think your electricity usage for the year is about 6760 kWh, and a 3.72 kW size solar system on your roof would replace 100% of your usage. We are using an estimated cost of $3.64/W, which we get from Tracking The Sun.
The current electricity costs for Mora-San Miguel Elec Coop, Inc are 15¢/kWh. So, by replacing 100% of your usage, you’ll save $1,024 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 11.91 years. If the costs of Mora-San Miguel Elec Coop, Inc electricity rise 3%, then your savings will pay for your solar system in 11.56 years.
Solar installed at your house would generate different amounts of electricity during different months. We estimate that your production would vary from a high of 660 kWh in March, to a low of 510 kWh in July. For the entire year, we estimate that your 3.72 kW sized system would produce 6760 kWh.
You may be eligible for a state tax credit of 6,000, from the state of New Mexico. The state of New Mexico generally uses Retail Rate (fixed - None) for net metering. This means that when you produce more electricity than your house uses, the utility will pay you Retail Rate (fixed - None) for the extra electricity.
From Department of Energy Data, it looks like 3,749 homes have installed solar panels in your state, New Mexico.
There are 10 solar installers that operate in New Mexico. WattBuy recommends EnergySage.
Upfront Rebates
EV Charger
Who
Program
Value
Max
Likely
Powering New Mexico
Value
$500
Max
—
Likely
—
New Mexico Energy, Minerals & Natural Resources Department
Value
$400
Max
—
Likely
—
Value
$500
Max
—
Likely
—
Value
$400
Max
—
Likely
—
New Mexico
$400
—
—
Value
$400
Max
—
Likely
—
U.S. Internal Revenue Service
Value
30% of cost
Max
$1,000
Likely
—
Solar
Who
Program
Value
Max
Likely
Value
10% of cost
Max
$6,000
Likely
—
Using this data-driven approach, we have created a machine learning model that can estimate electricity usage and carbon footprint for every home in the US. We then use this information to recommend the best options for you, so you can feel good that WattBuy is recommending something truly personalized.
Our electricity estimations are trusted by our partners at The Department of Energy's National Renewable Energy Laboratory, as well as many of the biggest consumer brands in the world.