Bringing Clean Energy to New Mexico
They don’t call New Mexico the Land of Enchantment for nothing! The state has some of the best solar incentives in America along with plenty of sunshine. That’s why it's one of the best places in the U.S. for homeowners who want to save on their energy bills.
Homeowners across the state also have access to rebate programs and incentives that can save them thousands of dollars on the cost of installing their solar energy system.
Solar Benefits in New Mexico
Solar Incentives & Rebates in New Mexico
The beautiful Spanish architecture in Santa Fe and grand caves of Carlsbad aren’t the only great features New Mexico has to offer. The sun shines brightly on this Southwestern state and offers its residents plenty of reasons to go solar:
-
Net Metering
Adding solar panels to your roof means you can also get credits for the excess energy your system produces each month thanks to the state’s net metering policy. Those credits can then be used when your system doesn’t generate enough power (at night, on cloudy days, etc). Xcel Energy customers enjoy the top utility net metering program in New Mexico.
-
Sustainable Building Tax Credit
If you install solar panels as part of your sustainable building efforts on your home, New Mexico’s state government will credit you on your taxes. To qualify, your home needs to be certified as sustainable by the U.S. Green Building Council and then the credit value will be determined by your certification level.
-
Property Tax Exemption
While solar increases the value of your home, you won’t have to pay property taxes on that extra value in New Mexico. Because of this property tax exemption, homeowners can get the financial benefits of generating their own power without accruing a higher tax bill.
-
New Mexico State Solar Tax Credit
Possibly the best state solar incentive for New Mexico property is the state’s solar tax credit. Your state tax payments could be reduced by up to $6,000 or 10% off all your solar expenses (whichever is lower). The credit is available for residential, commercial and agricultural solar projects as well.
-
Federal Solar Tax Credit
With the Investment Tax Credit (ITC), homeowners can reduce the cost of their PV solar system by 26%. The credit only applies to systems purchased outright with cash or a solar loan.
Financing Options
Flexible Options are Available So You Can Start Saving From Day 1
Purchase
The Quickest Path To Solar
When you purchase solar outright, you have complete access to federal, state, and local solar initiatives, where available.
Loan
Own Your System With Payments
Your system is purchased outright and you make payments on your loan.
Lease
No Up-Front Cost & Easy Approval
Leasing your system typically offers immediate utility savings and leads to increased savings over time as traditional energy costs rise.
What People Have to Say
Kyle A.
"Solarize promised a fast install and delivered even through the holiday season! There was never a moment their team failed to update me on the progress or answer any questions we had. Great communication and caring employees!"
Pricila L.
"Solarize did our Solar panels. They were great to work from the 1st meeting till the end. All of the staff from office, sales & installers were great! I cant emphasize enough how they do have a great product! They send the emails made calls to us with every step of the installment. We would totally recommend Soarize For your Solar panels. They have a price range for everyone. Before you know it, your electricity bill be near nothing. 10* from us."
Alyssa L.
"Even through all the hectic issues with COVID, the Solarize team helped me get panels up fast and efficiently! Our power bill is one less thing we have to worry about which is much needed in times like these."
Irene C.
"Solarize is the interface company used by the people who installed my solar panels and power system. Due to problems with equipment installed at my home, I had numerous contacts with both office and field reps from Solarize. They were always professional and courteous even on days when I wasn't. One major ongoing problem took over 4 months to resolve and the folks at Solarize were right there doing everything they could to help. Without them, I wouldn't have hair today! Thanks. Solarize!"
Explore a New Way to Power Your Home.
