New Mexico is known for its enchanting landscapes and culture. It is also known for being a leader in solar energy. State legislature is requiring 100% of all energy generated to come from renewable sources by 2045. Going solar helps offset greenhouse gas emissions and prevent pollution. The state wants you to go solar so they are offering some of the best incentives in the nation! Join over 279,900 other homeowners* and take advantage of incentives such as net metering, solar payments, and tax credits.
In New Mexico you can qualify for the Sustainable Building Tax Credit if your home is certified sustainable by the U.S. Green Building Council. The value of the credit is determined by your certification level, up to $6.50 per square foot, and represents one of the most generous green building programs in the country.
The New Mexico solar tax credit can reduce your state tax payments by up to $6,000 or 10% off your total solar energy expenses (whichever is lower). If you are a customer of PNM they’ll pay you $0.0025 per Kwh produced for a term of 8 years. Some New Mexico utilities also offer net metering to eligible customers.
New Mexico homeowners are also eligible for the Solar Investment Tax Credit (ITC).**** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.
New Mexico is motivated to go solar, which is why it is offering some of the best incentives to go solar. With net metering you can offset your energy costs. You may use more energy in hotter months, but with solar you can get a system to accommodate for this. The average American household can save $2,500 per year on energy costs!
Scheduled and unforeseen power outages can happen. Whether it is for maintenance or because the grid is down, you may be left without power. However, if you have a solar system and batteries, you have the freedom to keep powering your home. Talk to your dealer about batteries and which ones can keep you powered at night and during an outage.
New Mexico is beloved by residents for its gorgeous lakes and forests, rugged mountains, and dramatic desert vistas. We’re all motivated to help preserve these treasures. Switching to a solar power system for your New Mexico home can help preserve these sites by reducing your carbon footprint and reducing local greenhouse gas emissions.
Imagine having a better idea of how much your energy will be each month. With solar, you may be able to produce more than what you need to power your home. If you produce more than you use, you may only have a minimum bill each month. You can budget for that and for your solar payment.
A big reason homeowners decide to install a solar system is to reinvest in their home. A solar system can increase your home value and its sale price. The average New Mexico home is valued at approximately $229,947, that’s a 6.2% annual increase from the previous year. Keep up with the rising home values by investing in your home instead of giving your hard-earned money to your utility provider.**