Solar Panel ROI in Colfax County, NM
Is going solar worth it in Colfax County? Here are the numbers.
Avg System Cost
$5,536
After Tax Credit (30%)
$3,875
Est. Payback Period
1.4 yrs
25-Year ROI
1677%
Solar Economics in Colfax County
Investment Breakdown
System Cost (est.)$5,536
Federal Tax Credit (30%)-$1,661
Net Cost$3,875
Annual Savings
Est. Annual Energy Savings$2,755
Median Home Value$138,400
Median Household Income$46,286
About Colfax County, New Mexico
Colfax County in New Mexico has a median household income of $46,286 and median home value of $138,400. With an estimated payback period of 1.4 years, solar is a strong investment for homeowners in this area.
These estimates use county-level medians and national averages for solar irradiance. Your actual ROI depends on roof orientation, shading, local utility rates, and available state/local incentives beyond the federal 30% ITC.
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