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Best 5 Solar Companies in Santa Fe, NM

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

Santa Fe homeowners are increasingly using solar panels to power their homes and heat their water. Local homeowners might go for solar to break free of high power costs from sources like coal. A knowledgeable team can help you set up and adjust a system that meets your energy needs without costing a fortune. On this page, we'll highlight Santa Fe's top solar providers and offer valuable advice for your solar journey.

Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions

Top Santa Fe Solar Companies

ECC Solar Logo

ECC Solar

4.7/5
Based on 21 customer reviews.

Services Offered

Residential Panels Financing Assistance Off-Grid Solar Systems Grid-Tied Solar System Battery Storage

Highlights

  • Informative resources
  • Clear pricing policy
  • Reliable customer support
617 5th St, Las Vegas, NM 505-454-0614 eccsolar.com
SunState Solar Inc Logo

SunState Solar

4.7/5
Based on 73 customer reviews.

Services Offered

Cleaning Financing Assistance Residential Panels Commercial Panels Permit Assistance Consultation Maintenance

Highlights

  • Informative resources
  • Free quotes
  • Prompt service delivery
9600 Tennyson St Ne, Albuquerque, NM 505-225-8502 sunstatesolar.com
LGND ENERGY Logo

LGND ENERGY

4.7/5
Based on 36 customer reviews.

Services Offered

Residential Panels

Highlights

  • Clear pricing policy
  • Reliable customer support
  • Informative resources
5700 San Antonio Dr Ne Suite A3, Albuquerque, NM 833-900-5463 lgndenergy.com
Sunternal Logo

Sunternal

4.5/5
Based on 35 customer reviews.

Services Offered

Battery Storage Tesla Powerwall Consultation Solar Panel Upgrades Residential Panels

Highlights

  • Free quotes
  • Informative resources
  • Reliable customer support
5816 Signal Ave Ne, Albuquerque, NM 866-556-8828 sunternalsolar.com

More Local Solar Companies

Poulin Solar Pro

User Reviews: 4.4/5 

8600 Pan American Fwy NE
Albuquerque, NM 87113

Encor Solar

User Reviews: 4.5/5 

5600 San Francisco Rd NE # E
Albuquerque, NM 87109

Green Earth Operations

User Reviews: 4.7/5 

6565 Americas Pkwy Suite 200
Albuquerque, NM 87110

Ocotillo Solar Electric

User Reviews: 4.5/5 

5854 Osuna Rd NE
Albuquerque, NM 87109

WhyGen Solar

User Reviews: 4.7/5 

5244 2nd St NW
Albuquerque, NM 87107

Nexus Energy Systems

User Reviews: 4.3/5 

5816 Signal Ave NE
Albuquerque, NM 87113

Positive Energy Solar - Albuquerque

User Reviews: 4.5/5 

3651 Princeton Dr NE
Albuquerque, NM 87107

Valverde Energy

User Reviews: 4.3/5 

1001 Energy Dr
Taos, NM 87571

Our World Energy

User Reviews: 4.5/5 

2604 Princeton Dr NE # A
Albuquerque, NM 87107

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

Ranking Methodology

We reviewed dozens of Santa Fe solar installers, using the following criteria to determine the superior:

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Facts about Santa Fe
Average Max Temp: 62°F
Solar Payback Period: 7.2 years
Average Daily Sunlight: 67%
Homes Powered by Solar: 5,104
Average Annual Energy Bill: $1,081
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 offers several advantages that will enhance your home for years to come.

  • Better energy independence: Photovoltaic systems with battery storage work through blackouts and emergencies, and you won't have to rely on the power grid for your safety and well-being.
  • Lower energy bills: Producing 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 decrease your carbon footprint and home fossil fuel dependency.

What Solar Incentives Are Available to Santa Fe Homeowners?

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

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: Performance-Based Incentive

Website: pnm.com

Incentive Amount:

$0.0025/kWh

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 Santa Fe

The more thorough your company investigation is, the better your solar installation will ultimately function. Here are some crucial criteria to bear in mind while shopping for a solar installer.

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 equipment. Solar companies can also pursue certifications from standards organizations and trade groups. The top ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Santa Fe

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. Polycrystalline panels produce less power, but start at a more budget-friendly price point. 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.

Additional components, such as battery storage and electric vehicle (EV) chargers, will raise your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar providers include these additional features, so look for a provider that installs them if it's crucial for you.

You can expect to pay about $19,650 on average for a five-kilowatt solar energy system in Santa Fe. Check the table in this section to get an idea of what amount Santa Fe solar companies might quote for your specific system.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,084
Solar Polycrystalline $845
Thin-Film $494
Solar Battery $693
Solar Home EV Charger $2,601

Financing Solar Energy in Santa Fe

Solar providers offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are cash payments, solar loans, power purchase agreements (PPAs) and solar leases. Though it involves a large up-front payment, cash is the most affordable choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the second most effective 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 rent your panels for a fixed monthly rate, while PPAs let you pay only for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for contractors that offer several payment plans to find the right fit for your budget.

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

A 26% federal tax credit applies to recently-purchased solar equipment purchased through 2032. Extra incentives may be available through local governments, usually in the form of rebates and special financing programs.

Solar System Capacity Estimated Payback period
1 kW 1.4 years
2 kW 2.9 years
5 kW 7.2 years
10 kW 14.3 years

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Frequently Asked Questions About Solar in Santa Fe

How much money could I save by going solar in Santa Fe?

On average, Santa Fe homeowners shell out around $1,081 per year for energy. Once you pay off your solar array, you could reduce your costs by $1,399.72 for every kilowatt you produce.

Is solar energy easily accessible in Santa Fe?

Yes, solar energy is becoming increasingly popular in Santa Fe. Some homes already generate solar power on-site or through utility grids, and they're backed by a state solar economy with 2021 jobs and counting.

Will solar panels improve my Santa Fe home price?

Yes, new solar systems translate 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.

How long does it take to pay back a solar loan in Santa Fe?

The average payback period for a solar loan in Santa Fe is 9.8 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

Could I still use solar power if I live in a wooded, rainy, or dark area?

Even if your property has high tree cover, you could still use solar energy. Your technician will maximize your system's performance by selecting the proper site for panels, cleaning them regularly, installing a battery backup system, and positioning them to capture the most sunlight throughout the year. This way, you can store solar power and utilize it as necessary.

How do I care for my new solar system?

To preserve your solar system's efficiency, inspections and cleanings every six months are usually adequate. In dry or dusty seasons, your panels might need cleanings every few months. Your provider can recommend a maintenance schedule. Its team could also tackle the cleaning for you.

How does "net metering" work, and do I need to participate?

Most states and utilities administrate net metering programs, and some mandate homeowners to join. Once you register, you can get a bill credit or check for any surplus electricity you generate and send to the grid. Generally, power companies reimburse solar homeowners at a wholesale or "avoided-cost" rate.

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

Yes, we advise asking for free solar quotes from at least three companies. You should thoroughly read each quote and compare warranty details, equipment costs, financing options, labor fees and prework scope and costs. 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.

Sources