Solar Calculator for New Mexico

New Mexico offers excellent solar conditions with an average of 6 peak sun hours per day. With electricity rates at $0.140 per kWh, homeowners can typically expect a payback period of around 9.1 years.

The federal Investment Tax Credit (ITC) provides a 30% tax credit on solar installations, significantly reducing the upfront cost. Combined with New Mexico's solar policies and local utility rates, solar energy is an increasingly attractive investment for residents across the state.