Solar Savings Calculator for Rio Rancho, NM
Homeowners in Rio Rancho pay an average of $110/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.
$110
Avg Monthly Bill
15¢/kWh
Electricity Rate
6.4h/day
Peak Sun Hours
$39,490
Est. 25-Year Savings
Calculate Your Savings in Rio Rancho
Adjust Your Details for Rio Rancho, NM
$
$50$1,000
50010,000
5¢50¢
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
$1,320
Payback Period
4.9 years
25-Year Savings
$39,490
Return on Investment
609%
* Estimates based on 6.4 peak sun hours/day in Rio Rancho, 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 Rio Rancho
Utility & Permits
- Utility Company
- PNM (Public Service Company of New Mexico)
- 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 Rio Rancho, 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
More Solar Tools for Rio Rancho
Rio Rancho Solar IncentivesAll available tax credits and rebatesRio Rancho Cost ComparisonSolar vs. grid costs over 25 yearsRio Rancho System SizingHow many panels your home needsRio Rancho Permits & RegulationsLocal permit requirementsIs Solar Worth It in Rio Rancho?Data-driven analysis for your cityRio Rancho Financing OptionsCompare loans, leases, and PPAs
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