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Solar PV · New Mexico

Solar Panel Cost in New Mexico (2026)

Planning-range installed cost for residential solar PV in New Mexico, adjusted for state labor multipliers and PVWatts production yield. 25D federal credit expired 2025-12-31; state and utility programs still apply.

Mid installed cost · 7 kW system · New Mexico

$21,252

Range $16,100–$28,980 gross

Cost basics

Mid $/W
$3.04
Range $/W
$2.30–$4.14
State labor multiplier
0.92×
PV specific yield
1700 kWh/kW/yr

Production & payback

7 kW annual production
11,900 kWh
Local electricity rate
$0.14/kWh
Annual bill displaced
$1,714/yr
Simple payback (mid)
12.4 yr

25D federal credit (30%) expired 2025-12-31. State and utility programs may shorten payback. Net-metering successor tariff (NEM 3.0 in CA, similar in HI, AZ, NY) reduces export value.

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