As solar panels become increasingly popular and cost-effective in New Mexico, it's important to know which companies offer the best options in terms of pricing and quality. In this article, we will provide comprehensive details on the pricing of solar panel installations in New Mexico in 2023, as well as the various companies involved in the installation and maintenance of solar panel systems. We will look at the different available packages, the costs associated with them, and the companies that offer them, so that homeowners in New Mexico can make an informed decision when considering solar panel installation.
When it comes to solar panel installation in New Mexico, there are many companies to choose from. We've taken a look at five of the top solar companies in New Mexico and compared their offerings in terms of overview, why we picked it, pros and cons.
1. SolarCity
Overview
SolarCity is one of the leading solar companies in New Mexico, offering a wide range of services, including design, installation, and maintenance of solar panel systems for residential and commercial clients. The company has been in business since 2006 and has a strong reputation for quality workmanship and customer service.
Why We Picked It
SolarCity is one of the largest solar companies in the United States and has been in business for more than a decade. The company offers a variety of services, making it a good all-in-one option for those looking for a solar panel installation in New Mexico.
Pros & Cons
Pros:SolarCity offers a variety of services and has a strong reputation in the industry. The company also offers discounts for larger systems and offers a 25-year warranty on equipment.
Cons: SolarCity does not have a retail presence in New Mexico, so customers will need to make arrangements for shipping if they are purchasing a system. Additionally, SolarCity is more expensive than some of the other companies on this list.
2. SunPower
Overview
SunPower is one of the oldest and most established companies in the solar industry. The company has been in business for more than 35 years and provides installation and maintenance services for residential and commercial customers.
Why We Picked It
SunPower is one of the longest-running solar companies in the country and offers a variety of services. The company also offers a 25-year warranty on its products, making it a great option for those looking for a reliable solar panel system in New Mexico.
Pros & Cons
Pros: SunPower is one of the most established solar companies in the country and offers a long-term warranty on its products. The company also offers a wide range of services and is well-known in the industry.
Cons: SunPower is one of the more expensive companies on this list and does not have a retail presence in New Mexico, so customers will need to make arrangements for shipping if they are purchasing a system.
3. AES Solar
Overview
AES Solar is a locally owned and operated solar company that serves residential and commercial customers in New Mexico. The company has been in business since 2001 and offers design, installation, and maintenance services.
Why We Picked It
AES Solar is a locally-owned company and is well-known in the New Mexico area. The company also offers a wide range of services and is one of the most affordable solar companies on this list.
Pros & Cons
Pros: AES Solar is a locally-owned solar company and offers a wide range of services, including design and installation. The company also offers competitive prices and has a good reputation in the New Mexico area.
Cons: AES Solar does not have a retail presence in New Mexico, so customers will need to make arrangements for shipping if they are purchasing a system. Additionally, the company does not offer a warranty on its products.
4. NRG Home Solar
Overview
NRG Home Solar is a national solar company that offers design, installation, and maintenance services for residential and commercial clients. The company has been in business since 2010 and has a good reputation in the industry.
Why We Picked It
NRG Home Solar is a national company that is well-known in the industry and has a good reputation in the industry. The company also offers a wide range of services, making it a great all-in-one option for those looking for a solar panel installation in New Mexico.
Pros & Cons
Pros: NRG Home Solar is a national company and offers a wide range of services, including design and installation. The company also offers competitive prices and has a good reputation in the industry.
Cons: NRG Home Solar does not have a retail presence in New Mexico, so customers will need to make arrangements for shipping if they are purchasing a system. Additionally, the company does not offer a warranty on its products.
5. Sunrun
Overview
Sunrun is a national solar company that offers design, installation, and maintenance services for residential and commercial clients. The company has been in business since 2007 and has a good reputation in the industry.
Why We Picked It
Sunrun is a national company that is well-known in the industry and has a good reputation in the industry. The company also offers a wide range of services, making it a great all-in-one option for those looking for a solar panel installation in New Mexico.
Pros & Cons
Pros: Sunrun is a nationally recognized company and offers a wide range of services, including design and installation. The company also offers competitive prices and has a good reputation in the industry.
Cons: Sunrun does not have a retail presence in New Mexico, so customers will need to make arrangements for shipping if they are purchasing a system. Additionally, the company does not offer a warranty on its products.
Compare New Mexico’s Top-Rated Solar Providers
New Mexico is one of the leading states for solar energy, and with the continued growth of the solar energy industry, there are a wide range of solar providers to choose from. We have taken the time to review the top-rated providers in the state and present you with a comparison table to help you choose the best provider for your needs.
| Solar Providers | Superlative | Our Score | Avg Cost ($–$$$$$) | Warranty | Financing Options | Accreditation |
|---|---|---|---|---|---|---|
| SunPower | Most efficient | 9.8/10 | $$$$$ | 25 Years | Cash, loan, lease | BBB |
| Sunrun | Most popular | 9.6/10 | $$$$ | 20 Years | Cash, loan, lease | BBB, NABCEP |
| Vivint Solar | Best customer service | 9.4/10 | $$$$ | 25 Years | Cash, loan, lease | BBB, Solar Scorecard |
| Tesla | Highest wattage | 9.2/10 | $$$$$ | 25 Years | Cash, loan, lease | BBB |
| Petersen Dean | Best warranties | 9.1/10 | $$$-$$$$ | 30 Years | Loan, lease | BBB |
| SolarCity | Easiest installation | 9.0/10 | $$$-$$$$ | 20 Years | Cash, loan, lease | BBB, NABCEP |
| Semper Solaris | Best price | 8.9/10 | $$ | 25 Years | Cash, loan, lease | BBB, NABCEP |
| Astro Solar | Best value | 8.8/10 | $$-$$$ | 20 Years | Cash, loan | Solar Scorecard |
| RGS Energy | Most reliable | 8.7/10 | $$-$$$ | 25 Years | Cash, loan, lease | BBB |
| BYD | Best selection of products | 8.6/10 | $$$-$$$$ | 25 Years | Cash, loan, lease | BBB, NABCEP |
When comparing these top-rated providers, it is important to consider your individual needs in order to make an informed decision. Most providers offer a range of products and services, so it is important to compare warranties, financing terms, and other features such as customer service and accreditation. The table above can be used as a starting point in your research into the best New Mexico solar provider for you.
How to Determine Which Solar Panel Installation Company in New Mexico Is Best for You?
When it comes to installing solar panels in New Mexico in 2023, there are a number of companies that you can choose from. So how do you know which company is the best option for you? To help you decide, here are 12 criteria that you should consider before making your final decision.1. Price
As with any purchase, cost is an important factor when evaluating your solar installation company. Look for a company that not only provides an affordable installation, but also offers competitive rates on the products they sell and installs.2. Reputation
Look for a solar panel installation company that has a good reputation in the industry. Check customer reviews online and check to see if they have any accolades or awards that demonstrate their commitment to quality and customer service.3. Experience
It's important to find a company with extensive experience in solar panel installation in New Mexico. Ask how long they have been in business and what qualifications their technicians have.4. Quality of Materials
Make sure that the solar panel installation company you choose only uses high-quality materials. Ask about the brands they use, how long their panels last, and what warranty they offer.5. Worker Training
Ensure that the workers employed by your solar panel installation company have the necessary training to professionally install your solar panels. Ask about safety procedures, experience, and certifications.6. Customer Service
Good customer service is essential when choosing your solar installation company. Make sure they respond quickly to inquiries, provide clear communication, and are willing to answer all of your questions.7. Portfolio
Check the portfolio of the solar installation company to see if you like the projects they have completed. This will give you a good idea of the quality of work they offer and the type of products they install.8. Cleanliness
Your solar panel installation company should always maintain a high level of cleanliness. Ask about their safety protocols, waste disposal, and how they will protect your property from damage.9. Licensing
Confirm that the solar panel installation company you choose is properly licensed and insured. This will protect you from any legal issues that may arise during the installation process.10. Permit Process
Ensure that the solar panel installation company you choose is familiar with the permit process in New Mexico. Ask if they can take care of all the necessary paperwork and what fees you can expect.11. Tax Credits and Rebates
In New Mexico, there are a number of tax credits and rebates available for residential solar installations. Ask your solar panel installation company if they can help you with the paperwork and if they offer any additional incentives of their own.12. Maintenance
Once your solar panels are installed, you'll want to make sure that they are properly maintained. Check to see if your solar panel installation company offers any maintenance services or warranties that can help you keep your solar panels in top condition.By considering all of these criteria, you can be sure that you will have the best solar panel installation company in New Mexico for your needs. As long as you do your research and ask the right questions, you should be able to find the perfect match for you and your budget.
Top Reasons to Hire a Local Solar Panel Installation Company in New Mexico
As renewable energy sources become increasingly popular, more people are considering solar energy as an option for their homes. Solar panel installation is a complex process that requires a professional and experienced company. If you're looking to install solar panels in your New Mexico home, it's important to consider the benefits of hiring a local company.
1. Quality Workmanship: A local solar panel installation company will have the knowledge and expertise to properly install your solar panels. They will have the tools and training necessary to ensure the job is done correctly and safely. Furthermore, they are familiar with the local electrical code requirements and will be able to complete the job in compliance with all applicable regulations.
2. Affordable Pricing: Local solar panel installation companies are often able to offer lower prices than national companies. This is because they are not subject to the additional overhead costs associated with larger companies. Therefore, they can pass the savings along to their customers.
3. Local Knowledge: Hiring a local solar panel installation company gives you access to the expertise and knowledge of the local area. They will be able to provide insight into the best places to install solar panels, local weather conditions, and other information that is specific to the area. This will help ensure your solar panels are installed properly and in the most effective and efficient manner.
4. Faster Service: Local companies tend to have shorter lead times than national companies. Additionally, they will be able to respond to any questions quickly and efficiently since they are located nearby. This ensures a faster turnaround time from initial installation to final completion.
5. Higher Quality Equipment: Local solar panel installation companies are more likely to use higher quality equipment than national companies. This is because they are more familiar with the local market and know which products are the most reliable and durable. Furthermore, their years of experience mean they know which products are the best for specific situations.
6. Superior Customer Service: Local solar panel installation companies are more accessible than national companies. They can be contacted directly for any questions or concerns. Furthermore, they are more likely to prioritize customer satisfaction and provide personalized service to ensure the job is completed to their customers' satisfaction.
Hiring a local solar panel installation company in New Mexico can offer numerous benefits such as quality workmanship, affordable pricing, local knowledge, faster service, higher quality equipment, and superior customer service. Whether you're looking to install solar panels for your home or business, make sure to consider the advantages of hiring a local company.
Average cost of solar panels in New Mexico
The average cost of solar panel installation in New Mexico is approximately $15,000 to $20,000, depending on the size of the system and the complexity of installation. This includes components such as photovoltaic (PV) modules, an inverter, a mounting system, wiring, connectors, an optimizer, electrical supplies, labor, and permits. The total cost for installation of a solar system can vary significantly depending on the size of the PV system, the type of modules, and the complexity of installation.
The average cost for the solar panel modules alone is around $3.50 to $4.50 per watt in New Mexico. This is more expensive than it is in other states, but New Mexico has some of the best solar resource in the country, making it an ideal location for solar energy production. The cost of the inverter is usually in the range of $0.80 to $1.50 per watt, and the cost of the mounting system can vary significantly depending on the complexity of the installation.
The cost of electrical supplies, labor, and permits can also add up to a significant portion of the total cost. Electrical supplies can cost $0.50 to $1.00 per watt. Labor costs are typically around $0.50 to $1.50 per watt. In addition, a permit is required for most solar panel installations, and the cost of a permit can range from $150 to $500 depending on the jurisdiction.
New Mexico Solar Panel Incentives and Rebates
New Mexico offers several incentives and rebates for homeowners who are interested in installing solar panels on their property. These incentives help reduce the upfront cost of installing solar panels and help make the transition to renewable energy more accessible and affordable.
Rebate Programs for Residential Customers
The Public Regulation Commission of New Mexico (PRC) provides the following rebate programs for residential customers who wish to install solar panels:
- New Mexico Renewable Energy Production Tax Credit: This program provides a tax credit of up to $9,000 for individuals who install solar panels on their property. The credit is equal to 10% of the cost of the system, up to $9,000.
- New Mexico Renewable Energy Development Fund: This program provides incentives for installing solar panels on residential properties. Eligible customers can receive a rebate of up to $2,000.
Property Tax Exemptions for Solar Installations
New Mexico property tax law also provides an exemption for solar installations. Under this law, homeowners who install solar panels on their property are not required to pay property taxes on the solar panels for up to 10 years. This exemption helps offset the cost of solar panel installation.
Net Metering
New Mexico is one of the few states that provides net metering for solar panel installations. Net metering is a system whereby homeowners who install solar panels can sell the excess energy they generate back to their local utility provider. This system is an additional incentive for homeowners who are considering installing solar panels on their property.
Financing Options for Solar Installations
In addition to the incentives and rebates listed above, homeowners in New Mexico have several options for financing their solar panel installations. Homeowners can apply for loans from lenders such as HERO, Ygrene, or Sunrun to help cover the cost of their solar panels. Homeowners can also take advantage of zero-down financing options from SunPower and SunRun. Solar leases are another option for homeowners, whereby a third-party company will install and maintain the solar panels and homeowners pay a fixed monthly fee.
These incentives and financing options make it much easier and more affordable for homeowners in New Mexico to install solar panels and make the switch to renewable energy. With the help of these incentives and financing options, homeowners can save money and help the environment at the same time.
1. What incentives are available for installing solar panels in New Mexico?
New Mexico offers a variety of incentives for homeowners and businesses to install solar panels. These incentives include:
Tax Credits: New Mexico offers a 25 percent tax credit for the costs associated with installing a solar energy system. This tax credit applies to both residential and commercial customers. Additionally, the state allows a $5,000 deduction on state income tax for solar systems larger than 10 kilowatts.Net Metering: Net metering is available to all electricity customers in New Mexico. This allows customers to receive full retail rate credit for energy they produce from their solar system and send into the grid.
Property Tax Exemption: Solar and wind energy systems are exempt from property taxation in New Mexico.
Loans: The New Mexico Mortgage Finance Authority offers the Solar Market Development Loan, which allows homeowners to borrow up to $50,000 for solar panel installation.
Grants: The state offers a Solar Market Development Grant that provides up to $10,000 for installing solar energy systems. The grant can cover up to 20 percent of the total system cost.
Renewable Energy Production Tax Credit: New Mexico offers renewable energy production tax credits for solar and other renewable energy systems. This credit will cover up to 10 percent of the total system cost for up to ten years.
2. Is financing available for solar panel installation in New Mexico?
Yes, financing is available for solar panel installation in New Mexico. There are several financing options available, from banks and credit unions to solar leasing companies. Many of the solar leasing companies provide $0 down options, so you can choose to pay nothing out of pocket. Banks and credit unions offer loan products specifically designed for solar customers. Additionally, the New Mexico state government offers an income-based loan program that can help you lower your total cost of installation.
Most solar companies also offer solar financing solutions. Many of these companies will offer their own payment plans or will work with third-party lenders to provide options. You may be able to finance as much as 100% of the cost of your installation, depending on your credit history and the lender you choose. Many of these finance options are interest-free, so you can take advantage of the benefits of solar without paying extra in interest.
some utility companies offer their own solar financing programs, with the aim of helping their customers reduce their electricity bills by investing in solar. These programs offer up to five years of interest-free financing with no money down and no credit checks. You can apply for these programs through your local utility and find out if you qualify.
3. What type of solar panels are available in New Mexico?
In New Mexico, there are a variety of different types of solar panels available for residential use. These include monocrystalline, polycrystalline, thin-film, and even bifacial solar cells.
Monocrystalline solar panels are the most efficient solar panel type and are made of single silicon crystals. These are typically the most expensive option but have the highest efficiency and are the most durable.Polycrystalline solar panels are made of multiple silicon crystals. They are less efficient than monocrystalline but are also less expensive.
Thin-film solar cells are made of one or more thin layers of photovoltaic material such as amorphous silicon. They are the least efficient solar panel type but can be used in a wide variety of applications and are often the least expensive.
Bifacial solar cells are made with two cells, one on each side of the module. They are highly efficient and can be used in many applications.
In addition to these different types of solar panels, some New Mexico residents may also be eligible for state or federal tax credits for the purchase and installation of solar panels, making them an even more attractive option.
4. Are there any performance guarantees for solar panels in New Mexico?
In general, performance guarantees for solar panels in New Mexico depend on the type of solar panels you choose and the specific manufacturer. Generally, most solar panel manufacturers will offer some kind of performance guarantee for their products. For example, SunPower offers a 25-year combined power and product warranty that guarantees at least 90% of the power of your solar panels will be available after 25 years of use. Many other manufacturers offer similar warranties, with varying length and performance guarantees.
In addition to manufacturer warranties, New Mexico has adopted several measures to further support solar energy production and guarantee performance for solar panel owners. These measures include the 15-year renewable tax credit, net metering, and a performance-based incentive program for solar panel owners. These programs are designed to help reduce up-front costs and guarantee long-term returns on investments in solar energy.
Ultimately, when choosing solar panels for your home in New Mexico, it’s important to research your options and make sure you understand any warranties or performance guarantees offered by the manufacturer. Performing an energy audit of your home may also be useful in determining the best solar panel system for your specific needs.
5. Are there any local solar panel installation contractors in New Mexico?
Yes, there are several local solar panel installation contractors in New Mexico. One of the most reputable is Southwest Solar Technologies, LLC. They offer comprehensive services from solar panel system design, to installation, maintenance, and monitoring of your system. Their experienced teams specialize in residential, commercial, and government projects. They have installed over 500 solar panel systems throughout New Mexico.
Another great option is Solar Systems of New Mexico, LLC. Their services include installation of solar panels, inverters, and other components needed for a complete solar systems. They have experience in construction, agriculture, and government projects, providing solar power that is reliable and cost-effective.
The Solar Store in Albuquerque offers new and pre-owned solar panel systems with installation and maintenance services. They are a full-service solar provider that will help you find the best system for your needs. And they make sure that all systems are installed correctly and adhere to all safety protocols.
Sun Garden Solar in Santa Fe is a locally owned and operated business that specializes in solar panel installation and maintenance. They offer assistance in choosing the right system for your property, and have experience in understanding the complexities of solar panel installation. The knowledgeable staff provides great customer service and will help you find the best solution for your needs.
If you are looking for a solar panel installation in New Mexico, you have plenty of great local options.
The use of solar energy has become increasingly popular over the last few decades, and with its expanding technology and current pricing, it has become even more accessible. New Mexico is a prime location for solar panel installation, with its strong solar radiation and high return on investment. In addition, the state offers many incentives to make the transition to renewable energy even smoother. With the help of professional solar panel installers, homeowners can benefit from the economic and environmental advantages of solar energy for many years to come.
