Solar Panel Cost Guide in Aztec, NM (2024 Update)
- Aztec Solar Installation Cost: $15,900
- 25-Year Savings: $23,943
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Aztec
We break down average solar pricing in Aztec.
In Aztec, solar panels cost about 4 per watt on average.Using this figure, a typical 5.8-kW system would cost about $15,900 before the 0 federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely vary based on your specific situation and what company you choose to go with.But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $23,000 over 20 years on power bills.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Aztec
| Year | Return on Investment |
|---|---|
| 1 years | $-14,832 |
| 3 years | $-12,697 |
| 5 years | $-10,562 |
| 7 years | $-8,427 |
| 9 years | $-6,291 |
| 11 years | $-4,156 |
| 13 years | $-2,021 |
| 15 years | $114 |
| 17 years | $2,250 |
| 19 years | $4,385 |
| 21 years | $6,520 |
| 23 years | $8,655 |
| 25 years | $10,791 |
Top Solar Installers in Aztec
Trying to install solar panels yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. The payback period of solar panels will vary depending on factors like your roof configuration and energy needs, but working with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Aztec:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Aztec
Factors that Affect Solar Panel Costs in Aztec
Even though the average cost of a solar system in Aztec is $15,900, your final cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,930 per kilowatt in Aztec.There are several different solar panel brands and the one you pick also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Aztec provide solar loans, which reduce your upfront costs of installing a solar system.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Aztec, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and better 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 | $4.09 | $17,166 | $18,945 | 11.9 years |
| 8 kW | $4.01 | $22,448 | $25,700 | 11.7 years |
| 10 kW | $3.93 | $27,510 | $32,675 | 11.4 years |
| 12 kW | $3.85 | $32,352 | $39,870 | 11.2 years |
| 14 kW | $3.77 | $36,973 | $47,285 | 11.0 years |
| 16 kW | $3.69 | $41,375 | $54,920 | 10.7 years |
| 18 kW | $3.62 | $45,557 | $62,776 | 10.5 years |
| 20 kW | $3.54 | $49,518 | $70,851 | 10.3 years |
How to Save on Solar Panels
There are a large number of companies available in Aztec, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Warranty: If you care about the longevity of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Aztec, NM Solar Cost FAQs
How much does it cost to install solar panels in Aztec?
The average cost of solar panels in Aztec is about $19,650 for a 5-kW system and $39,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Aztec have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.