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Solar Panel Cost in Las Cruces, New Mexico
Local pricing, savings, and net metering data for Las Cruces homeowners.
$1,460
Annual Savings
4.3 yrs
Payback Period
$6,238
Net Cost
$43,633
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Las Cruces
System Size
6.4 kW
Annual Production
12,066 kWh
Gross System Cost
$17,483
Federal Tax Credit (30%)
-$5,245
State Incentive
-$6,000
Net Cost
$6,238
Monthly Savings
$122
CO₂ Offset/yr
11,101 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityEl Paso Electric
Net Metering PolicyModified Net Metering
Compensation RateAvoided cost rate
Capacity LimitNo overall limit
Electricity Rate$0.121/kWh
Peak Sun Hours6.5 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$6,000
New Mexico State Incentive — New Mexico offers a 10% state tax credit up to $6,000.
Common Questions
How much does solar cost in Las Cruces?
Solar in Las Cruces, New Mexico costs approximately $17,483 for a 6.4 kW system. After the 30% federal tax credit, your net cost is about $6,238.
What is the solar payback period in Las Cruces?
The estimated payback period for solar in Las Cruces is 4.3 years, based on a $150/month electric bill and local sun hours of 6.5 hrs/day.
Does El Paso Electric offer net metering?
El Paso Electric offers Modified Net Metering net metering. Avoided cost rate.