Solar Panel Cost Guide in White Rock, NM (2024 Update)
- White Rock Solar Installation Cost: $15,807
- 25-Year Savings: $26,214
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in White Rock
Let’s have a look at the average cost of solar panels in White Rock.
The average cost of solar panels in White Rock is 4 per watt.Since a 5.7-kW system is needed to cover the energy consumption of a typical home in White Rock, the average price of going solar will be about $15,807 after claiming the federal solar tax credit of 0.
These figures are only estimates, and your own solar costs may differ based on your energy needs and what company you go with.With average savings of about $24,000 on utility bills over 20 years, many homeowners in White Rock find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar company in White Rock for a quote for your home.
Solar savings over time in White Rock
| Year | Return on Investment |
|---|---|
| 1 years | $-14,739 |
| 3 years | $-12,604 |
| 5 years | $-10,469 |
| 7 years | $-8,333 |
| 9 years | $-6,198 |
| 11 years | $-4,063 |
| 13 years | $-1,928 |
| 15 years | $208 |
| 17 years | $2,343 |
| 19 years | $4,478 |
| 21 years | $6,613 |
| 23 years | $8,749 |
| 25 years | $10,884 |
Top Solar Installers in White Rock
Installing solar panels by yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Local solar companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 White Rock
Factors that Affect Solar Panel Costs in White Rock
The cost of installing a solar system in White Rock can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar system in White Rock, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past power bills. Your total cost can increase by about $3,930 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like White Rock, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many White Rock homeowners decide to finance their solar panel systems to make going solar more affordable.Although solar loans make going solar more accessible for White Rock homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you choose will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also fit into your budget.
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 | $21,463 | 11.1 years |
| 8 kW | $4.01 | $22,448 | $29,058 | 10.9 years |
| 10 kW | $3.93 | $27,510 | $36,872 | 10.7 years |
| 12 kW | $3.85 | $32,352 | $44,907 | 10.5 years |
| 14 kW | $3.77 | $36,973 | $53,162 | 10.3 years |
| 16 kW | $3.69 | $41,375 | $61,636 | 10.0 years |
| 18 kW | $3.62 | $45,557 | $70,331 | 9.8 years |
| 20 kW | $3.54 | $49,518 | $79,246 | 9.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
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 White Rock, NM Solar Cost FAQs
What is the average cost of installing solar panels in White Rock?
The average cost of solar panels in White Rock is about $19,650 for a 5-kW system and $39,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout White Rock, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.