Is solar worth it in 87501 (Santa Fe, NM)?

With an average payback period of 8 years and 25-year savings of $42,100, solar panels in Santa Fe, New Mexico are an excellent investment.

How much do solar panels cost in 87501?

The average cost of a 6kW residential solar system in Santa Fe, New Mexico is $13,400 before incentives. The federal 30% Investment Tax Credit reduces this to about $9,380.

How much solar electricity does 87501 get?

Santa Fe receives 6.77 kWh/m²/day of solar irradiance. A 6kW system in zip code 87501 produces approximately 11,861 kWh per year.

Solar Panel ROI in 87501

Santa Fe, New Mexico — Is solar worth it here? Here's what the data says.

3.1x ROI Score

8 yrs Payback Period

$1,684/yr Annual Savings

$42,100 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $1,684

Payback 8 yrs

25-yr savings $42,100

Solar Calculator for 87501 (Santa Fe)

Adjust values to see your personalized solar ROI estimate for Santa Fe, New Mexico.

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

6.77 kWh/m²/day

Based on NREL data for Santa Fe, NM

ROI Score 3.1x

Annual Production 11,861 kWh

Annual Savings $1,684

Payback Period 8 years

25-Year Savings $42,100

After 30% ITC $9,380

Solar Data for 87501 – Santa Fe, NM

Solar Irradiance 6.77 kWh/m²/day +36.5% vs national avg

vs New Mexico Avg +0% State avg: 6.25 kWh/m²/day

Electricity Rate $0.142/kWh New Mexico average rate

Annual Production 11,861 kWh 6kW system estimate

Santa Fe gets 6.77 kWh/m²/day (36.5% above national avg) and electricity at $0.142/kWh. The 8-year payback represents a solid return — the federal 30% ITC further reduces costs.

Solar Incentives for Santa Fe, New Mexico

★

Federal Investment Tax Credit (ITC)

Claim 30% of your system cost as a federal tax credit. On a $13,400 system, that's $4,020 back.

★

Net Metering

Most New Mexico utilities offer net metering — sell excess electricity back to the grid at retail rates, accelerating your payback.

★

New Mexico State Programs

Check with the New Mexico energy office for additional rebates, tax exemptions, and low-interest solar financing programs available in Santa Fe.

87501 vs New Mexico Average

Solar Irradiance

87501: 6.77 NM avg: 6.25

Payback Period

87501: 8 yrs NM avg: 8.9 yrs

Annual Savings

87501: $1,684 NM avg: $1,499

25-Year Savings

87501: $42,100 NM avg: $37,475

See the full New Mexico solar guide for statewide data and incentives.

Nearby Zip Codes — Solar Comparison

87112 Albuquerque, NM 3.2x ROI 7.9 yr payback 87101 Albuquerque, NM 3.2x ROI 7.9 yr payback 87121 Albuquerque, NM 3.2x ROI 7.9 yr payback 80902 Colorado Springs, CO 2.5x ROI 10.2 yr payback 80910 Colorado Springs, CO 2.5x ROI 10.2 yr payback