Solar Panels in
Santa Fe County, NM

Updated 10/24/2020

How much do solar panels cost in Santa Fe County, NM in 2020?

As of October 2020, the average solar panel cost in Santa Fe County, NM is $3.42/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Santa Fe County, NM ranges in cost from $14,535 to $19,665, with the average gross price for solar in Santa Fe County, NM coming in at $17,100. 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 Santa Fe County, NM

System Size System Cost System Cost (after ITC)
3 kW $10,260 $7,592
4 kW $13,680 $10,123
5 kW $17,100 $12,654
6 kW $20,520 $15,185
7 kW $23,940 $17,716
8 kW $27,360 $20,246
9 kW $30,780 $22,777
10 kW $34,200 $25,308

2020 average solar panel cost graph in Santa Fe County, NM

for a 5kW system

Great Price
$14,535 or less
Market Average
$17,100
Above Market
$19,665 or more

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

10.44 Years

20-Year Savings

$25,094

Cost per Watt

$3.42

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True Cost of Solar Guide™ for New Mexico

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