Solar Panel Savings in Edgewood, NM
Calculate how much you can save with solar panels in Edgewood, New Mexico. Based on 6.2 peak sun hours/day and 13.9¢/kWh average electricity rate.
6.2
Peak Sun Hours/Day
13.9¢
Avg Rate (¢/kWh)
9.7 yr
Payback Period
$52k
25-Year Savings
Edgewood Solar Overview
Calculate Your Edgewood Solar Savings
Edgewood average: $125/mo
South-facing roofs produce the most energy
Add $8,000-$12,000 for whole-home battery backup
Annual Production
kWh/year
Annual Savings
per year
Net System Cost
after 30% ITC
Payback Period
break-even time
25-Year Total Savings
$51,681
Monthly Savings
$126
Federal Tax Credit
$6,120
Cumulative Savings vs System Cost
Cost Breakdown
| Item | Edgewood | National Avg |
|---|---|---|
| Gross System Cost (6kW) | $20,400 | $17,100 |
| Federal Tax Credit (30%) | -$6,120 | -$5,130 |
| Net System Cost | $14,280 | $11,970 |
| Cost Per Watt | $3.40/W | $2.85/W |
Solar Potential in Edgewood
Sun Hours vs National Average
Edgewood gets 38% more sun than the national average.
Climate Advantages
- 282 sunny days per year
- Average temperature: 60°F — moderate climate with good solar conditions
- Average roof size: 1,579 sq ft — enough for a 87-panel system
Edgewood Solar Incentives & Programs
Federal Investment Tax Credit (ITC)
30% of total system cost deducted from federal taxes. For a $20,400 system, that's a $6,120 credit. Valid through 2032.
New Mexico State Incentives
Federal 30% ITC; check local utility for additional rebates.
Net Metering — PNM Resources
PNM Resources offers net metering in Edgewood. Earn credits for excess solar energy sent to the grid, reducing your electric bill further.
Environmental Impact in Edgewood
4.5
Tons CO2 Offset/Year
75
Equivalent Trees Planted
1.0
Homes Worth of Energy
Based on 10,862 kWh annual production with a 6kW system. EPA average: 0.417 metric tons CO2 per MWh, 10,632 kWh per US home.
Solar Energy in Edgewood, New Mexico
Edgewood, New Mexico receives an average of 6.2 peak sun hours per day, placing it among the best cities in the country for solar energy production. With electricity rates averaging 13.9¢ per kWh from PNM Resources, below the national average, but with rates rising 2-3% annually, the long-term savings are still meaningful.
A typical 6kW solar system in Edgewood produces approximately 10,862 kWh per year, saving homeowners an estimated $1,513 annually. The system pays for itself in about 9.4 years, after which you enjoy essentially free electricity for the remaining 16+ years of the system's warranty life.
Edgewood has a solar penetration rate of 3.8% — indicating early-stage solar adoption with tremendous growth potential as prices continue to fall. The cost of living index of 95.4 (national average: 100) is near the national average.
Other Cities in New Mexico
Frequently Asked Questions
How much do solar panels cost in Edgewood, NM?
The average cost of a 6kW solar panel system in Edgewood is approximately $20,400 before incentives ($3.40/watt). After the 30% federal Investment Tax Credit, the net cost is about $14,280. Federal 30% ITC; check local utility for additional rebates.
How many peak sun hours does Edgewood get?
Edgewood, NM receives an average of 6.2 peak sun hours per day and approximately 282 sunny days per year. This is above the national average of 4.5 hours, making it an excellent location for solar energy.
What is the solar payback period in Edgewood?
The average solar payback period in Edgewood is approximately 9.7 years. After payback, your solar panels generate essentially free electricity for the remaining 15-20 years of their warranty. Over 25 years, total savings can reach $51,681.
Does Edgewood have net metering?
Yes, Edgewood has access to net metering through PNM Resources. This allows you to earn credits for excess solar energy sent to the grid, significantly improving your solar investment returns.
Is solar worth it in Edgewood, NM?
Absolutely. With a 9.7-year payback period and $51,681 in 25-year savings, solar is an excellent investment in Edgewood. The 30% federal tax credit and local incentives help make solar financially attractive.