Solar Panel Cost Guide in Clovis, NM (2024 Update)
- Clovis Solar Installation Cost: $15,414
- 25-Year Savings: $19,485
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Clovis
We go over average solar pricing in Clovis.
In Clovis, solar panels cost about 4 per watt on average.Because a 5.6-kW system is needed to cover the energy usage of a typical home in Clovis, the average price of going solar will be about $15,414 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar panels you choose, your solar contractor and more.Despite the large initial cost, the average Clovis homeowner can save around $20,000 on their power bills over 20 years, which is one of the positives of solar.
To get a free quote from a pre-vetted solar installation company in Clovis, you can click the button below.
Solar savings over time in Clovis
| Year | Return on Investment |
|---|---|
| 1 years | $-14,650 |
| 3 years | $-13,122 |
| 5 years | $-11,595 |
| 7 years | $-10,067 |
| 9 years | $-8,539 |
| 11 years | $-7,011 |
| 13 years | $-5,484 |
| 15 years | $-3,956 |
| 17 years | $-2,428 |
| 19 years | $-900 |
| 21 years | $627 |
| 23 years | $2,155 |
| 25 years | $3,683 |
Top Solar Installers in Clovis
Many homeowners opt for a solar installer since trying to install solar panels on your own can be time-consuming. Another benefit of utilizing a solar company is that they can help you make the most of your investment by reducing your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Clovis
Factors that Affect Solar Panel Costs in Clovis
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Clovis: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Clovis average.
Solar Financing Terms
Most solar installers in Clovis provide solar loans, which reduce your upfront costs of installing a solar system.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a part in determining the cost. Clovis’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.09 | $17,166 | $14,954 | 13.4 years |
| 8 kW | $4.01 | $22,448 | $20,379 | 13.1 years |
| 10 kW | $3.93 | $27,510 | $26,024 | 12.8 years |
| 12 kW | $3.85 | $32,352 | $31,889 | 12.6 years |
| 14 kW | $3.77 | $36,973 | $37,975 | 12.3 years |
| 16 kW | $3.69 | $41,375 | $44,280 | 12.1 years |
| 18 kW | $3.62 | $45,557 | $50,805 | 11.8 years |
| 20 kW | $3.54 | $49,518 | $57,551 | 11.6 years |
How to Save on Solar Panels
There are numerous companies to choose from in Clovis, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Clovis, NM Solar Cost FAQs
What is the average cost of installing solar panels in Clovis?
The average cost of solar panels in Clovis is about $19,650 for a 5-kW system and $39,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Clovis have a net metering program?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.