Hawaii vs New Mexico Solar Comparison
New Mexico gets more sun (6.2 hrs/day) while Hawaii has the faster payback (4.8 years).Hawaii offers higher 20-year savings at $72,400.
Hawaii
5.5 hrs
4.8yr payback
$72,400
20yr savings
New Mexico
6.2 hrs
7.5yr payback
$36,800
20yr savings
Side-by-Side Comparison
| Metric | Hawaii | New Mexico |
|---|---|---|
| Peak Sun Hours | 5.5 hrs | 6.2 hrs |
| Cost per Watt | $3.50 | $2.80 |
| 6kW System Cost | $21,000 | $16,800 |
| Federal Tax Credit | 30% | 30% |
| State Tax Credit | 35% | 10% |
| State Rebate | $5,000 | None |
| Net Metering | Full Net Metering | Full Net Metering |
| Electricity Rate | 43.18¢/kWh | 15.34¢/kWh |
| Payback Period | 4.8 years | 7.5 years |
| 20-Year Savings | $72,400 | $36,800 |
Verdict
Hawaii is the better state for solar ROI with $72,400 in 20-year savings and a 4.8-year payback period. New Mexico has more sun exposure at 6.2 hrs/day, making it ideal for maximum energy production. Both states qualify for the 30% federal solar tax credit.
Frequently Asked Questions
Is solar better in Hawaii or New Mexico?
New Mexico gets more sun (6.2 peak hours/day vs 5.5). Hawaii has a faster payback (4.8 years) and Hawaii offers higher 20-year savings ($72,400).
How do solar costs compare between Hawaii and New Mexico?
A 6kW system costs $21,000 in Hawaii vs $16,800 in New Mexico before incentives. Both qualify for the 30% federal tax credit.
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Data verified March 2026 · Source: NREL, DSIRE, EIA