Solar in Hobbs, NM
With Xcel Energy (Southwestern Public Service)'s electricity at about 14.1¢ per kWh and 1,764 kWh of sun per kW, solar is a close call for a typical Hobbs home today: about a 13-year payback.
- Payback, typical home
- 13 yrsNew Mexico: 12.9 yrs
- 25-year net
- $20,666after paying $19,340
- Sun
- 1,764kWh per kW per year
- Electricity
- 14.1¢22% below U.S. average
A typical Hobbs home, by the numbers
| Utility | Xcel Energy (Southwestern Public Service) |
|---|---|
| Electricity use | 973 kWh a month |
| Best-value system | 6.6 kW, about 15 panels, 11,640 kWh a year (100% of use) |
| Cost | $19,340 |
| First-year savings | $1,545 |
| Payback | 13.0 years |
| Exported power | Varies by utility (New Mexico rule) |
Cash purchase, no federal credit, 1.8% yearly rate increases. Run it with your own numbers.
Homes in Hobbs
- Owner-occupied homes
- 66%
- Single-family detached
- 68%
- Median home value
- $191k
- Median year built
- 1980
- Population
- 40,252
- Solar installs, last 3 years*
- 31
Census ACS 2020–2024. *Installations in public records for this area's ZIP codes.
Installers working in Hobbs
Companies with the most installations in Hobbs's ZIP codes over the last 3 years, from public records. We don't take payment for placement.
- Trismart Solar 9 installs
- Freedom Forever 8 installs
- Titan Solar Power 6 installs
- ADT Solar (SunPro) 2 installs
- Lumio 2 installs
- Our World Energy 2 installs
- Sunfire Solar Systems 1 installs
- Endless Energy 1 installs
Always verify the license and get at least three quotes. Compare quotes side by side.
Questions about solar in Hobbs
Is solar worth it in Hobbs, NM?
For a typical home in Hobbs, solar is a close call at 2026 prices: a 6.6 kW system costs about $19,340 after state incentives, saves about $1,545 in year one and pays back in about 13 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in Hobbs?
About 1,764 kWh per year for each kW of panels on a south-facing roof, based on PVWatts and local weather. That's 1% less than the New Mexico average. East- or west-facing roofs produce roughly 10–20% less.
Who is the electric utility in Hobbs?
Most homes in Hobbs are served by Xcel Energy (Southwestern Public Service), at about 14.1¢ per kWh on average. Some areas are served by Lea County Electric Cooperative, Central Valley Electric Cooperative.
How much do solar panels cost in Hobbs?
A fair cash price is around $2.90 per watt before incentives, so about $19,340 for a 6.6 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- Carlsbad 19.5 yrs
- Roswell 10.3 yrs
- Clovis 13 yrs
- Alamogordo 10.4 yrs
- Las Cruces 14.1 yrs
- South Valley 11.6 yrs
- Santa Fe 11.5 yrs
- Albuquerque 11.5 yrs
- All of New Mexico
Data: PVWatts (National Laboratory of the Rockies), EIA-861 2025 adjusted to 2026, U.S. Census ACS, LBNL Tracking the Sun, state policy research as of October 2026.