Solar Savings Calculator for Albuquerque, NM
Homeowners in Albuquerque pay an average of $112/month for electricity through PNM (Public Service Company of New Mexico). With 6.4 peak sun hours per day, solar panels can significantly reduce your energy costs.
$112
Avg Monthly Bill
15.2¢/kWh
Electricity Rate
6.4h/day
Peak Sun Hours
$40,326
Est. 25-Year Savings
Calculate Your Savings in Albuquerque
Adjust Your Details for Albuquerque, NM
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Your Estimated Solar Savings
System Size
4 kW
Panel Count
10 panels
Total System Cost
$10,800
Federal Tax Credit (30%)
-$3,240
State Tax Credit (10%)
-$1,080
Net Cost
$6,480
Annual Savings
$1,344
Payback Period
4.8 years
25-Year Savings
$40,326
Return on Investment
622%
* Estimates based on 6.4 peak sun hours/day in Albuquerque, NM, system cost of $2.7/watt, 30% federal ITC, 10% state tax credit, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Albuquerque
Utility & Permits
- Utility Company
- PNM (Public Service Company of New Mexico)
- Permit Cost
- $300
- Permit Timeline
- 2-4 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 4 kW
- Panel Count
- 10 panels
- Gross Cost
- $10,800
- Net Cost (after credits)
- $6,480
Available Incentives for Albuquerque, NM
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
New Mexico Solar Tax Credit
State income tax credit for solar installations.
Other Cities in New Mexico
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