Solar Panels in
Milnesand, NM

Updated 7/31/2021

How much do solar panels cost in Milnesand, NM in 2021?

As of August 2021, the average solar panel cost in Milnesand, NM is $3.00/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Milnesand, NM ranges in cost from $12,750 to $17,250, with the average gross price for solar in Milnesand, NM coming in at $15,000. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

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

Average solar panel cost by system size in Milnesand, NM

System Size System Cost System Cost (after ITC)
3 kW $9,000 $6,660
4 kW $12,000 $8,880
5 kW $15,000 $11,100
6 kW $18,000 $13,320
7 kW $21,000 $15,540
8 kW $24,000 $17,760
9 kW $27,000 $19,980
10 kW $30,000 $22,200

2021 average solar panel cost graph in Milnesand, NM

for a 5kW system

Great Price
$12,750 or less
Market Average
$15,000
Above Market
$17,250 or more
Note: Showing cost data for Roosevelt County, NM.

Solar installation costs do not include the 26% Federal Investment Tax Credit or local incentives. Learn more about local NM incentives, tax credits & rebates.

Payback Period

10.96 Years

20-Year Savings

$27,960

Cost per Watt

$3.00

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Top solar installers in Milnesand, NM

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True Cost of Solar Guide™ for New Mexico

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Don’t get sold on the hype! Find out what solar should actually cost before you talk to your first sales rep. This PDF worksheet will walk you through the simple calculations you can make to determine what size solar PV system you need, and approximately how much it should cost.