$105
696 kWh
448 lbs
Average solar panel installation
$15,134
Tax Credit
$1,513Total
$13,621
Average monthly bill without solar
$105Average 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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The estimated cost to install solar at your house is $15,134. We calculated this because we think your electricity usage for the year is about 8350 kWh, and a 4.61 kW size solar system on your roof would replace 100% of your usage. We are using an estimated cost of $6.84/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 $1,258 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 12.03 years. If the costs of Mora-San Miguel Elec Coop, Inc electricity rise 3%, then your savings will pay for your solar system in 11.68 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 770 kWh in March, to a low of 640 kWh in December. For the entire year, we estimate that your 4.61 kW sized system would produce 8350 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 Modernize, RGR Marketing, and EnergySage.
Upfront Rebates
EV Charger
Who
Program
Value
Max
Likely
Value
$25,000
Max
—
Likely
—
Value
$400
Max
—
Likely
—
Solar
Who
Program
Value
Max
Likely
Value
10% of cost
Max
$6,000
Likely
—
Ongoing Programs
Smart Thermostat
Who
Program
Value
ecobee
Value
$50/year typical
Google Nest
Value
$40/year typical
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.