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New Mexico Solar RebatesLearn how to qualify for solar rebates in New Mexico to make your own power and save money on your energy costs. Get the latest facts about government programs to help you go solar including tax credits, rebates, renewable energy credits and net-metering. This is a great time to consider the benefit of solar in New Mexico.
Going solar is more affordable than ever thanks to New Mexico solar rebates and solar incentives. New Mexico solar rebates can slash solar installation costs, making solar installation affordable for almost everyone. A helpful solar panel rebate is a 30 percent Federal Investment Tax Credit courtesy of the federal government. Some other valuable New Mexico solar rebates include a 10 percent tax credit (up to $9,000) for the purchase and installation of residential, commercial and industrial solar panel systems. Solar panel systems, solar water heaters and more are exempt from property tax assessments. New Mexico offers net-metering. This means when your solar panels generate more electricity than you use, the utility company will either credit your account or write you a check. Many utilities in New Mexico, including the El Paso Electric Company, Xcel Energy and PNM, also offer production incentives for solar electricity. Solar financing is available through Property Assessed Clean Energy (PACE) financing which allows homeowners to pay for solar installation costs through special assessments on their property. With so many solar rebates in New Mexico, there has never been a better time for clean solar installation.
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SOLAR PANELS
