Solar Panel Cost Guide in Roswell, NM (2024 Update)
- Roswell Solar Installation Cost: $15,006
- 25-Year Savings: $23,685
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Roswell
Here’s how much it might cost to switch to solar power in Roswell.
While the national average of solar panels is $2.66 per watt, solar panels in Roswell typically cost about 4.The average Roswell homeowner needs a 5.5-kilowatt system, which would cost about $15,006 with the federal tax credit, or $21,459 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you will vary based on the amount of energy your home requires and what company you go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Roswell can save around $24,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar company in Roswell for a quote for your home.
Solar savings over time in Roswell
| Year | Return on Investment |
|---|---|
| 1 years | $-14,006 |
| 3 years | $-12,006 |
| 5 years | $-10,006 |
| 7 years | $-8,006 |
| 9 years | $-6,006 |
| 11 years | $-4,006 |
| 13 years | $-2,006 |
| 15 years | $-6 |
| 17 years | $1,994 |
| 19 years | $3,994 |
| 21 years | $5,994 |
| 23 years | $7,994 |
| 25 years | $9,995 |
Top Solar Installers in Roswell
When going solar, many homeowners decide to go with a solar installation company since putting up a solar system yourself can be a difficult project. Another good thing about choosing a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Roswell
Factors that Affect Solar Panel Costs in Roswell
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $3,930 per kilowatt in Roswell.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Roswell, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Roswell, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $20,142 | 11.5 years |
| 8 kW | $4.01 | $22,448 | $27,297 | 11.3 years |
| 10 kW | $3.93 | $27,510 | $34,671 | 11.1 years |
| 12 kW | $3.85 | $32,352 | $42,265 | 10.8 years |
| 14 kW | $3.77 | $36,973 | $50,080 | 10.6 years |
| 16 kW | $3.69 | $41,375 | $58,115 | 10.4 years |
| 18 kW | $3.62 | $45,557 | $66,369 | 10.2 years |
| 20 kW | $3.54 | $49,518 | $74,844 | 10.0 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
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 Roswell, NM Solar Cost FAQs
How much does it cost to install solar panels in Roswell?
The average cost of solar panels in Roswell is about $19,650 for a 5-kW system and $39,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Roswell?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Roswell is currently $143,278, which means you can expect a value of about $5,874 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Roswell is a fruitful investment.
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 how much 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 buy 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.