$175
1,073 kWh
913 lbs
Average solar panel installation
$23,553
Average monthly bill without solar
$175Average monthly bill with solar
$0Solar will pay for itself in
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The estimated cost to install solar at your house is $23,553. We calculated this because we think your electricity usage for the year is about 12870 kWh, and a 7.18 kW size solar system on your roof would replace 100% of your usage. We are using an estimated cost of $4.69/W, which we get from Tracking The Sun.
The current electricity costs for Southwestern Public Service Co are 16¢/kWh. So, by replacing 100% of your usage, you’ll save $2,095 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 11.24 years. If the costs of Southwestern Public Service Co electricity rise 3%, then your savings will pay for your solar system in 10.91 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 1170 kWh in April, to a low of 940 kWh in December. For the entire year, we estimate that your 7.18 kW sized system would produce 12880 kWh.
You may be eligible for a state tax credit of $6,000, from the state of New Mexico.
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.
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.