Solar Panel Cost in New Mexico

What is the Cost of a Solar Panel System for Your New Mexico Home?

Solar is just going to replace your monthly electricity bill.  If you qualify to get solar, once it’s installed and turned on you start harvesting electricity from your solar panels instead of buying electricity from the utility company.

You don’t pay both.  If you switch your cell phone service to another provider, you stop paying for service with the old company and only pay for service from the new company. With solar, this is all you are doing.  You are saying goodbye to the giant “natural monopoly” and taking a large part of your everyday life into your own hands.

Solar is not crazy expensive like you might think.  If it were, no one would be doing it! If you can afford your current electricity bill then you can afford solar, because it costs the same and most likely even less. If you end up paying more monthly than what you are paying now just give it a year or so because the price your utility company charges is likely going up!

And guess what?  The federal government is going to try and help you go solar by offering a 26% tax credit.  That could be the biggest discount you will ever get in your whole life! Just a couple things to remember here… You have to have enough tax liability to claim the credit and if you finance the system your monthly payment depends on how much of that tax credit amount you give to your lender.

So here is what it costs…

If your average monthly bill is medium to high, say over $75, then you are most likely going to pay a little less for solar than what you pay for utility provided electricity.

If your average monthly electricity bill is low, like $45-$75, then you will most likely pay close to that monthly for solar.  You might possibly pay even a little more.

Then why would I do solar if I’m going to pay the same or a little more?

Because the payment on your solar is NEVER GOING TO GO UP (after any re-amortization period, to be explained below).  Also, your payments will end even though your solar panels will keep making electricity for you!

YOU ARE ALREADY PAYING FOR ELECTRICITY EVERY SINGLE MONTH.

Unless you live in a cave, this is true for you.

You need to ask yourself whether it’s smarter to keep paying the utility company who is:

• POLLUTING A LOT compared to solar
• almost ALWAYS RAISING RATES
• never going to let you stop paying them
• giving you ZERO RETURN on your money, they are purely an expense

Or, do you want to go solar and

• do something good for the world
• lock in your rate for practically a lifetime
• have minimum of twenty years of electricity without payments
• turn an existing monthly expense into an investment

If you want to know the total cost you will have to let us analyze your electricity usage.  The reason is that we do not know how much electricity you use. Compare it to when you went from being a renter to becoming a homeowner.

If you were paying $900 for rent somewhere, it didn’t bother you that you had to pay tens of thousands and even hundreds of thousands of dollars to buy a home.  Why? Because ownership is better and because financially you knew you were going to come out ahead. WHY LOSE ALL THAT MONEY so someone else can gain a profit when you could be the one making the smart financial move?