Solar Savings Calculator for Santa Fe, NM
Homeowners in Santa Fe pay an average of $112/month for electricity through PNM (Public Service Company of New Mexico). With 6.2 peak sun hours per day, solar panels can significantly reduce your energy costs.
$112
Avg Monthly Bill
15.5¢/kWh
Electricity Rate
6.2h/day
Peak Sun Hours
$40,326
Est. 25-Year Savings
Calculate Your Savings in Santa Fe
Adjust Your Details for Santa Fe, 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 6.2 peak sun hours/day in Santa Fe, 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 Santa Fe
Utility & Permits
- Utility Company
- PNM (Public Service Company of New Mexico)
- Permit Cost
- $325
- 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 Santa Fe, 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 Santa Fe
Santa Fe Solar IncentivesAll available tax credits and rebatesSanta Fe Cost ComparisonSolar vs. grid costs over 25 yearsSanta Fe System SizingHow many panels your home needsSanta Fe Permits & RegulationsLocal permit requirementsIs Solar Worth It in Santa Fe?Data-driven analysis for your citySanta Fe Financing OptionsCompare loans, leases, and PPAs
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