Solar Panels in
Algodones, NM

Updated 10/24/2020

How much do solar panels cost in Algodones, NM in 2020?

As of October 2020, the average solar panel cost in Algodones, NM is $3.30/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Algodones, NM ranges in cost from $14,025 to $18,975, with the average gross price for solar in Algodones, NM coming in at $16,500. 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 Algodones, NM

System Size System Cost System Cost (after ITC)
3 kW $9,900 $7,326
4 kW $13,200 $9,768
5 kW $16,500 $12,210
6 kW $19,800 $14,652
7 kW $23,100 $17,094
8 kW $26,400 $19,536
9 kW $29,700 $21,978
10 kW $33,000 $24,420

2020 average solar panel cost graph in Algodones, NM

for a 5kW system

Great Price
$14,025 or less
Market Average
Above Market
$18,975 or more
Note: Showing cost data for Sandoval 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

9.71 Years

20-Year Savings


Cost per Watt


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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.