How much do solar panels cost in New Mexico in 2025?
To go solar in New Mexico in the month of February, 2025 costs about $3.84/W.
Stemming from the rate, you should expect costs to be $3,840, on average, for every 1000watts (or 1 kW) of solar energy your system can generate. A 5 kW solar panel system in New Mexico averages approximately $13,440 after accounting for the 30% federal income tax credit. To meet your energy demands, you may need a bigger system.
To the left, you can choose your county to find the typical roof size and average maximum capacity for solar panels on homes in your area. You can also see an analysis of the costs, payback period and 20 year average savings for a 5 kW system installed in your county below.