Solar Savings Calculator for Las Cruces, NM

Homeowners in Las Cruces pay an average of $108/month for electricity through El Paso Electric. With 6.5 peak sun hours per day, solar panels can significantly reduce your energy costs.

$108
Avg Monthly Bill
14.8¢/kWh
Electricity Rate
6.5h/day
Peak Sun Hours
$38,655
Est. 25-Year Savings

Calculate Your Savings in Las Cruces

Adjust Your Details for Las Cruces, 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
$1,296
Payback Period
5 years
25-Year Savings
$38,655
Return on Investment
597%

* Estimates based on 6.5 peak sun hours/day in Las Cruces, 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 Las Cruces

Utility & Permits

Utility Company
El Paso Electric
Permit Cost
$275
Permit Timeline
2-3 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 Las Cruces, 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.

30% of system cost

New Mexico Solar Tax Credit

State income tax credit for solar installations.

10% of cost, up to $6,000

Other Cities in New Mexico

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