Solar Panels in
El Prado, NM

Updated 4/17/2021

How much do solar panels cost in El Prado, NM in 2021?

As of April 2021, the average solar panel cost in El Prado, NM is $3.61/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in El Prado, NM ranges in cost from $15,342 to $20,758, with the average gross price for solar in El Prado, NM coming in at $18,050. 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 El Prado, NM

System Size System Cost System Cost (after ITC)
3 kW $10,830 $8,014
4 kW $14,440 $10,686
5 kW $18,050 $13,357
6 kW $21,660 $16,028
7 kW $25,270 $18,700
8 kW $28,880 $21,371
9 kW $32,490 $24,043
10 kW $36,100 $26,714

2021 average solar panel cost graph in El Prado, NM

for a 5kW system

Great Price
$15,342 or less
Market Average
$18,050
Above Market
$20,758 or more
Note: Showing cost data for Taos 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

12.22 Years

20-Year Savings

$18,612

Cost per Watt

$3.61

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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.