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Storage cost in
New Mexico

Updated 9/24/2023

How much do storage systems cost in New Mexico in 2023?

As of September 2023, the average storage system cost in New Mexico is $1333/kWh. Given a storage system size of 13 kWh, an average storage installation in New Mexico ranges in cost from $14,725 to $19,923, with the average gross price for storage in New Mexico coming in at $17,324. After accounting for the 30% federal investment tax credit (ITC) and other state and local storage incentives, the net price you'll pay for solar can fall by thousands of dollars.

Importantly, these costs are typical for shoppers comparing storage quotes on the EnergySage Marketplace. When you compare quotes for solar panels and batteries on EnergySage's competitive marketplace, you can expect to see prices up to 20% lower than working with a single company.

Average storage system cost by system size in New Mexico

System Size System Cost System Cost (after ITC)
10 kWh $13,326 $9,328
13 kWh $17,324 $12,127
20 kWh $26,652 $18,656
26 kWh $34,647 $24,253
Note: you can't claim the federal tax credit without installing solar panels alongside a battery system.

2023 average solar + storage cost in New Mexico

$22,536 - $65,347

There are several variables that impact the price you pay for a solar + storage system: the quality of the equipment you install, the type of inverters you choose, and the storage capacity and chemistry of your battery. This is an average price range for solar + storage installations in your area, and the specifics of your project will change the final price you pay.

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Top 5 quoted battery models in New Mexico

FranklinWH Energy Storage Inc…
Enphase Energy IQ 10 Extended…
Enphase Energy IQ 10T
Enphase Energy IQ 10
Enphase Energy IQ Battery 5P

Top storage system installers in New Mexico

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