Best 4 Solar Companies in Farmington, NM

How To Choose the Best Solar Company in Farmington

The more comprehensive your provider search is, the better your solar panels will ultimately work. Consider all of these aspects in your business search.

Licensing and Training

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

Cost of Solar Panels in Farmington

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

You can also add electric car (EV) chargers and battery backup systems. These will increase your total installation cost, but they can enhance your solar system's performance. Not every solar provider provides these add-ons, so look for a provider that sells them if it's a priority for you.

Most Farmington homeowners opt for solar systems rated for five kilowatts (kW) of electrical capacity. These systems run about $19,650 to install, considering both parts and installation. You can see more specific solar cost information in the table.

Financing Solar Energy in Farmington

Choosing the optimal financing solution will affect your overall solar system cost and expected savings. Common payment options include loans, leases, power purchase agreements, and cash payments. Though it involves a large up-front payment, cash is the most economical choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the runner-up option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a variable rate based on only the energy you use. We generally advise against these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be suitable in certain circumstances. We suggest working with a company that offers multiple financing options. Speak with each salesperson about what's available, and get more than one estimate for the best odds of staying within your financial plan.

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

You are eligible for a 26% federal solar tax credit for new solar energy equipment until the year 2032. City and state officials and utility companies might also offer discounts, rebates, and dedicated financing plans that could save you more.