Solar Panels Albuquerque Cost

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.

Solar panels albuquerque cost.

Solar panels have fallen in price by more than 80 in the last ten years. Solar panel cost data albuquerque 2020 updated. This is higher than the average price of residential. As of september 2020 the average solar panel cost in albuquerque nm is 3 29 w given a solar panel system size of 5 kilowatts kw an average solar installation in albuquerque nm ranges in cost from 13 982 to 18 918 with the average gross price for solar in albuquerque nm coming in at 16 450 after accounting for the 26 federal investment tax credit itc and other state and local.

As of sep 2020 the average cost of solar panels in albuquerque is 2 57 per watt making a typical 6000 watt 6 kw solar system 11 405 after claiming the 26 federal solar tax credit now available. Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. This is higher than the average price of residential solar power systems across the united states which is currently 2 55 per watt.

How much do solar panels cost in albuquerque in 2020. Compare the prices and reputations of solar installers solar panel manufacturers and other solar energy companies servicing albuquerque. Are solar panels worth it in albuquerque. 10 best solar companies in albuquerque 2020 updated.

Learn more about your potential savings in our design studio. In 2017 the average cost of solar panels in albuquerque nm was 3 50 per watt which results in a payback period of 7 8 years based on current electricity prices of 0 1276. Solar companies typically look for homeowners who have an average monthly energy bill of 100. As an example typical savings for a california homeowner with a 2 000 square foot house is 100 200 per month.

As of aug 2020 the average cost of solar panels in albuquerque is 3 46 per watt making a typical 6000 watt 6 kw solar system 20 757 before the federal solar credit and 15 360 after claiming the federal solar tax credit. In 2020 they also remain subsidized by the 26 federal tax credit and the net metering law making them an excellent investment. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.