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Best 4 Solar Companies in Hobbs, NM

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Written By Max Peterson|Last Updated: February 05, 2024

Hobbs homeowners are increasingly using solar panels to generate energy and heat their water. Local homeowners might go for solar to break free of high power costs from sources like coal. A knowledgeable solar contractor can help you set up and tune a system that meets your energy needs without costing a fortune. On this page, we'll showcase Hobbs' best solar installers and give valuable advice for your solar journey.

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 Hobbs Solar Companies

Infinity Solar Solutions Logo

Infinity Solar Solutions

4.0/5
Based on 9 customer reviews.

Services Offered

Panel InstallationCleaning And MaintenanceOff-Grid Solar Systems

Highlights

  • Reliable customer support
  • Informative resources
  • Clear pricing policy
2314 Kermit Hwy, Odessa, TX 432-272-0631 infinitysolarsolutions.net
ADT Solar Logo

ADT Solar

4.4/5
Based on 49 customer reviews.

Services Offered

Panel Installation

Highlights

  • Clear pricing policy
  • Informative resources
  • Free quotes
5614 126th St Building A1, Lubbock, TX 833-409-1007 adtsolar.com
Freedom Forever Logo

Freedom Forever

4.3/5
Based on 46 customer reviews.

Services Offered

Skilled RepairsBattery StorageTesla PowerwallPanel Installation

Highlights

  • Informative resources
  • Reliable customer support
  • Free quotes
6622 Winfield Ave Suite A, Lubbock, TX 888-557-6431 freedomforever.com

Ranking Methodology

We reviewed a multitude of Hobbs solar providers, using the following criteria to select the finest:

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Facts about Hobbs
Average Max Temp:75°F
Solar Payback Period:7.2 years
Average Daily Sunlight:70%
Homes Powered by Solar:2,362
Average Annual Energy Bill:$764
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.

  • Better energy independence: Solar energy can keep your home functioning through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
  • Reduced energy costs: Generating some or all of your own electricity will save you money on your electric bills long-term.
  • Reduced carbon footprint: Adopting solar is a surefire way to reduce your carbon footprint and home fossil fuel dependency.

What Solar Incentives Are Available to Hobbs Homeowners?

The state of New Mexico offers a variety of solar incentives to help lower your solar system costs. Here is a breakdown of applicable solar programs where you live.

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 Hobbs

The more comprehensive your company investigation is, the better your photovoltaic system will ultimately operate. Consider all of these elements in your company search.

Licensing and Training

New Mexico regulations demand 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 panels. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar industry's most reputed trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in Hobbs

Your photovoltaic panels' model will influence how much electricity you can produce. Monocrystalline panels cost the most but perform the best. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.

You can also add electric car (EV) chargers and battery backup systems. These will increase your total project price, but they can improve your solar system's performance. Not every solar company includes these additional features, so look for a provider that installs them if it's crucial for you.

If you're a resident of Hobbs and are considering getting 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$1,133
Solar Polycrystalline$884
Thin-Film$517
Solar Battery$725
Solar Home EV Charger$2,720

Financing Solar Energy in Hobbs

There are a plethora of ways to pay for new solar panels, and the right one will help you decrease overhead. A few of the most common options include loans, power purchase agreements (PPAs), cash payments, and leases. Though it requires a large up-front payment, cash is the most economical choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the runner-up option. As with a car loan or mortgage, you'll pay a monthly rate towards system ownership, including interest. You can still apply for money-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, akin to an electric bill. We typically don’t recommend these two options because you won't own the solar system and cannot use solar incentives. Look for companies that offer two or more payment plans to find the right fit for your wallet.

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

You are eligible for a 26% federal tax credit for new solar power systems until the year 2032. Local and state governments and utility companies might also offer rebates, discounts, and unique financing solutions that could save you more.

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

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Frequently Asked Questions About Solar in Hobbs

How much energy and money could I save per year by switching to solar?

Most Hobbs homeowners spend about $764 on energy each year. Your costs could drop by $981.83 for each kilowatt you generate after you pay off a solar array.

How common is solar energy in Hobbs?

Yes, solar energy is on the rise in Hobbs. Some homes already use solar power on-site or through utility grids, and they're fortified by a state solar economy with 2021 workers and counting.

Should I anticipate a boost in my property value after going solar?

Yes, solar energy systems will boost your property value. According to the National Renewable Energy Laboratory (NREL), for every dollar you reduce on energy bills, your home value increases by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

What can I do to assess my home's solar potential?

One common way to determine your home's solar viability is by using PVWatts. This powerful free tool considers local weather and topography, tree cover, system size, and panel efficiency to determine how much energy your array could generate. However, it's not a substitute for consulting with a solar expert, who can build a full estimate with the most updated data.

How do I care for my new solar system?

Solar panels don't demand much maintenance to keep working well. All you'll need to do is inspect and clean the panels every six months or as necessary in dusty seasons. Solar companies frequently offer maintenance packages to assist in your system's care.

What's the average solar system size in Hobbs?

The average Hobbs solar system size is 5.5 kilowatts (kW). However, your final system size depends on your family's electricity usage. Your roof size, surrounding shading, and panel model could also impact your final result. A professional solar provider will consider these factors and determine the right array size for your home.

How many estimates should I get before making a final solar company decision?

Yes, we recommend requesting free solar quotes from three or more companies. You should review each quote and compare prework scope and costs, warranty details, labor fees, equipment costs and financing options. Ensure each quote provides an itemized financial plan and includes your anticipated payback period.

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

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