We may be compensated if you purchase through links on our website. Our Reviews Team is committed to delivering honest, objective, and independent reviews on home products and services. More

Best 4 Solar Companies in Farmington, NM

Get matched with a top local pro
Join the 10,601 people who have received a free, no-obligation quote in the last 30 days
  1. Home
  2. Local Pros
  3. Solar
  4. NM
  5. Farmington
Written By Max Peterson|Last Updated: February 05, 2024

Farmington residents are committed to safeguarding the planet and embracing sustainability. That includes embracing alternative energy sources like solar. While going solar comes with upfront costs, local homeowners could ultimately save $1,000 per kilowatt on their electric bills. A professional technician can help you select the best panels to maximize your savings. Discover Farmington's top-rated solar companies and learn key decision-making advice on this page.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions

Top Farmington Solar Companies

Solar Works! Logo

Solar Works!

3.8/5
Based on 16 customer reviews.

Services Offered

Permit AssistancePanel InstallationBattery Storage

Highlights

  • Reliable customer support
  • Free quotes
  • Clear pricing policy
434 Turner Dr Ste 4, Durango, CO 970-382-2624 durangosolarworks.com
Solar Today and Tomorrow Logo

Solar Today and Tomorrow

3.7/5
Based on 5 customer reviews.

Services Offered

Battery StorageSkilled RepairsOff-Grid Solar SystemsPanel Installation

Highlights

  • Reliable customer support
  • Informative resources
  • Free quotes
34106 Us-550, Durango, CO 970-247-9361 solartodayandtomorrow.com
Gallup Solar Logo

Gallup Solar

4.0/5
Based on 8 customer reviews.

Services Offered

Grid-Tied Solar SystemPanel InstallationSolar CarportsOff-Grid Solar Systems

Highlights

  • Informative resources
  • Reliable customer support
  • Clear pricing policy
113 E Logan Ave, Gallup, NM 505-726-2497 gallupsolar.org

Ranking Methodology

Our team focuses on the following criteria to assess the best Farmington solar companies.

Get Your Solar Project Quote Today

Get matched with a top local pro

Please enter a valid 5-digit zip code!

Facts about Farmington
Average Max Temp:63°F
Solar Payback Period:7.2 years
Average Daily Sunlight:66%
Homes Powered by Solar:2,651
Average Annual Energy Bill:$923
Solar Power per Capita Percentile:48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy provides numerous advantages that will enhance your home for years to come.

  • Lowered energy bills: You can skip the premium cost of grid-tied power by producing some electricity right where you use it.
  • Reduced carbon footprint: Using solar is a surefire way to lower your carbon footprint and home fossil fuel dependency.
  • Better energy independence: Solar systems with battery backups work through blackouts and emergencies, and you won't have to rely on the electrical grid for your safety and well-being.

What Solar Incentives Are Available to Farmington Homeowners?

New Mexico homeowners who go solar could qualify for tax credits, rebates, special financing and reimbursements. Here are just a few of the region's incentive programs.

Incentive Type: Property Tax Incentive

Incentive Amount:

Approximately 100%

Incentive Type: Sales Tax Incentive

Website: emnrd.state.nm.us

Incentive Amount:

100% of gross receipts from sale and installation of solar energy systems, dark-colored water tanks, and non-vented trombe walls

Incentive Type: Personal Tax Credit

Website: emnrd.state.nm.us

Incentive Amount:

30%

Incentive Type: Corporate Tax Credit

Website: emnrd.state.nm.us

Incentive Amount:

30%

Incentive Type: PACE Financing

Website: emnrd.state.nm.us

Incentive Amount:

Determined locally

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Farmington

Choosing a company is the first step toward an effective and cost-efficient solar energy system. Make your choice based on the following important considerations.

Licensing and Training

New Mexico regulations mandate that solar installation supervisors must be master electricians or plumbers, with journeymen leading the piping and wiring work. Each journeyman working on your installation will have at least two years of experience installing solar devices. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar sector's most reputed trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in Farmington

The style of solar panels you purchase dictates how much power you can generate. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.

If you'd like to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for add-ons. By selecting the right components, you can make your panel array more effective and user-friendly. Not all solar companies provide these extras, so look for a company that sells them if it's crucial for you.

If you're a resident of Farmington and want a five-kilowatt solar energy system, you could plan to spend about $19,650 for materials and labor. See more information on specific component and panel costs in the table.

Solar Panel CostAverage Cost
Solar Monocrystalline$1,077
Solar Polycrystalline$840
Thin-Film$491
Solar Battery$689
Solar Home EV Charger$2,584

Financing Solar Energy in Farmington

Solar companies use multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are solar loans, cash payments, solar leases and power purchase agreements (PPAs). We recommend making a cash payment or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar incentives to minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be appropriate in certain circumstances. Look for companies that offer several payment plans to find the right fit for your pocket.

The table below lists the average payback periods for different capacities of solar systems in Farmington.

The IRS allows you to claim a 26% federal tax credit on total system costs, so long as you purchase it before 2032. Local governments and utilities might also offer their own incentives, rebates, and financing programs that could save you more money.

Solar System CapacityEstimated Payback period
1 kW1.4 years
2 kW2.9 years
5 kW7.2 years
10 kW14.3 years

Ready to Get a Quote on Your Solar Project?

Get matched with a top local pro

Please enter a valid 5-digit zip code!

Frequently Asked Questions About Solar in Farmington

How much money could I save by going solar in Farmington?

Most Farmington homeowners spend about $923 on energy each year. Your costs could drop by $1,026.70 for each kilowatt you generate after you pay off a solar array.

Is solar energy easily accessible in Farmington?

Yes, solar energy is reaching new heights in Farmington. Some homes already benefit from solar power on-site or through utility grids, and they're backed by a state solar economy with 2021 workers and counting.

Will solar energy systems raise my Farmington home worth?

Yes, new solar systems lead to higher property values according to the National Renewable Energy Laboratory (NREL.) Homeowners could project a $20 property value increase for each dollar they save on energy. Therefore, $600 in energy savings could boost your property value by $12,000.

What is a Farmington solar panel's average lifespan?

Today's solar systems are remarkably durable, lasting up to 25 years. Monocrystalline panels and other premium models tend to live longer than "budget-friendly" models.

What size should my new Farmington solar system be?

The average Farmington solar system size is 5.8 kilowatts (kW). However, your final system size depends on your household's power consumption. Your surrounding shading, panel model, and roof size could also impact your final result. A professional solar provider will consider these factors and determine the right array size for your home.

What is the average payback period for Farmington solar panels?

The average payback period for a solar loan in Farmington is 13.4 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

What's the difference between a PPA and a solar lease?

Choosing a leasing option means your solar installer will handle panel maintenance while you make fixed monthly payments. PPAs differ slightly because you pay for just the electricity you produce.

You don't own the panels with either option, though you can choose to opt out of the contract for a fee.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Sources