The most significant incentive to install solar panels in Albuquerque is the 26% federal tax credit. However, the tax credit is set to step down to 22% at the end of 2020. This means in order to maximize your savings potential, the best time to go solar in Albuquerque is now. <\/span><\/p>\r\n

Another key incentive for going solar in Albuquerque is New Mexico's solar tax credit. Some utilities also offer incentives in exchange for solar renewable energy credits (SRECs) your solar panels produce. <\/span>By entering your address into our solar panel calculator, you can see what other solar incentives are available in your area.<\/span><\/p>","4":"

Albuquerque is a great place to go solar. You’re probably using PNM as your utility. The combination of PNM's net metering program and the abundant sunshine in New Mexico helps make solar a great investment. <\/span><\/p>\r\n

The most significant incentive to install solar panels in Albuquerque is the 26% federal tax credit. However, the tax credit is set to step down to 22% at the end of 2020. This means in order to maximize your savings potential, the best time to go solar in Albuquerque is now. <\/span><\/p>\r\n

Another key incentive for going solar in Albuquerque is New Mexico's solar tax credit. Some utilities also offer incentives in exchange for solar renewable energy credits (SRECs) your solar panels produce. <\/span>By entering your address into our solar panel calculator, you can see what other solar incentives are available in your area.<\/span><\/p>","breaking_news":"","5":"","incentive_feedin_tarrif":1,"6":1,"incentive_solar_tax_credit":0,"7":0,"incentive_net_metering":1,"8":1,"incentive_federal_itc":1,"9":1,"incentive_sgip_rebate":0,"10":0,"typical_monthly_bill":127,"11":127,"created_at":"2019-04-10 01:51:03","12":"2019-04-10 01:51:03","updated_at":"2020-08-19 08:20:25","13":"2020-08-19 08:20:25","utility_id":0,"14":0,"zipcode_id":0,"15":0,"net_metering_breakdown":"","16":"","pace_program_breakdown":null,"17":null,"incentive_breakdown":"

New Mexico State Tax Credit<\/h3>\r\n

In addition to the federal tax credit, Albuquerque residents can also take advantage of the state's solar tax credit. The tax credit is equal to 10% of the total purchase and installation costs of a solar system. <\/span><\/p>\r\n

Find out more about New Mexico's solar tax credit here<\/a>.<\/span><\/p>\r\n

PNM's Solar Renewable Energy Credit Purchase Program <\/span><\/h3>\r\n

PNM customers can sell their SREC's directly to the utility through their SREC purchase program. PNM will pay you an additional $0.0025 per kWh of solar you produce in exchange for any SRECs the system produces. <\/span><\/p>\r\n

Read more about the SREC Purchase Program on PNM's website<\/a>. <\/span><\/p>","18":"

New Mexico State Tax Credit<\/h3>\r\n

In addition to the federal tax credit, Albuquerque residents can also take advantage of the state's solar tax credit. The tax credit is equal to 10% of the total purchase and installation costs of a solar system. <\/span><\/p>\r\n

Find out more about New Mexico's solar tax credit here<\/a>.<\/span><\/p>\r\n

PNM's Solar Renewable Energy Credit Purchase Program <\/span><\/h3>\r\n

PNM customers can sell their SREC's directly to the utility through their SREC purchase program. PNM will pay you an additional $0.0025 per kWh of solar you produce in exchange for any SRECs the system produces. <\/span><\/p>\r\n

Read more about the SREC Purchase Program on PNM's website<\/a>. <\/span><\/p>","typical_monthly_usage":631,"19":631,"solar_panel_state_page_data":{"id":143,"0":143,"name":"New Mexico","1":"New Mexico","slug":"new-mexico","2":"new-mexico","abbr":"NM","3":"NM","capital_city_id":579,"4":579,"description":"

New Mexico is a great place to live if you’re considering going solar. Systems generate more solar power in New Mexico than systems in other areas of the country because of the abundant sunshine. High rates of electricity production combined with the state’s solar tax credit, net metering program, and utility rebates can create huge savings for New Mexico homeowners.<\/p>","5":"

New Mexico is a great place to live if you’re considering going solar. Systems generate more solar power in New Mexico than systems in other areas of the country because of the abundant sunshine. High rates of electricity production combined with the state’s solar tax credit, net metering program, and utility rebates can create huge savings for New Mexico homeowners.<\/p>","breaking_news":"","6":"","rank":13,"7":13,"av_life_savings_comment":"","8":"","rebate_title":"Solar incentives, rebates, and tax credits available in NM","9":"Solar incentives, rebates, and tax credits available in NM","rebate_content":"","10":"","projects":"","11":"","advantages":"

The advantages of installing solar panels<\/a> in New Mexico is there is both state based incentives and the federal tax credit<\/a>. Lots of sunshine means a solar pv system in NM is going to produce very well. Some incentives are becoming fully subscribed so best get in while you can.<\/p>","12":"

The advantages of installing solar panels<\/a> in New Mexico is there is both state based incentives and the federal tax credit<\/a>. Lots of sunshine means a solar pv system in NM is going to produce very well. Some incentives are becoming fully subscribed so best get in while you can.<\/p>","disadvantages":"

The disadvantage of installing solar panels<\/a> for your home in New Mexico is that some incentives have alreadt expired or are fully subscribed, best talk to a local Solar Pro to see what you might be eligable for. Despite this there are still excellent incentives available in New Mexico. Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home<\/a>.<\/p>","13":"

The disadvantage of installing solar panels<\/a> for your home in New Mexico is that some incentives have alreadt expired or are fully subscribed, best talk to a local Solar Pro to see what you might be eligable for. Despite this there are still excellent incentives available in New Mexico. Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home<\/a>.<\/p>","useful_links":"

Solar Energy Industries Association (SEIA)<\/a><\/p>","14":"

Solar Energy Industries Association (SEIA)<\/a><\/p>","average_monthly_elec_usage":656,"15":656,"roof_pitch_degree":27,"16":27,"typical_kwh_production":1150,"17":1150,"created_at":"2019-04-10 02:11:35","18":"2019-04-10 02:11:35","incentive_overview":"

Federal solar tax credit<\/h4>\r\n

The most significant incentive to install solar panels for homes and businesses is the federal tax credit. Right now, the federal tax credit is equal to 26% of the total installed costs of installing a solar system. At the end of 2020, the amount of the credit will fall to 22%. This means that in order to maximize your savings potential, the best time to go solar in New Mexico is now.<\/p>","19":"

Federal solar tax credit<\/h4>\r\n

The most significant incentive to install solar panels for homes and businesses is the federal tax credit. Right now, the federal tax credit is equal to 26% of the total installed costs of installing a solar system. At the end of 2020, the amount of the credit will fall to 22%. This means that in order to maximize your savings potential, the best time to go solar in New Mexico is now.<\/p>","updated_at":"2020-11-03 14:49:43","20":"2020-11-03 14:49:43","diy_solar":"

Yes you can! In some cases, you can save $3,000 or more when you install solar yourself, even after receiving the federal tax credit. Despite the potential for savings, data from Lawrence Berkeley Labs shows that only about 3% of homeowners choose DIY solar. <\/p>\r\n

Reasons for this include:<\/p>\r\n

\r\n
• The permitting and inspection process for the utility, the state, and municipalities can be quite complex.<\/li>\r\n
• The installation work is both dangerous and difficult, with electrical work having to be performed at heights.<\/li>\r\n
• Often times, solar electricity customers will be charged a premium for DIY installations, which can limit savings.<\/li>\r\n
• In some states, a solar system needs to be installed by a qualified solar contractor in order to take advantage of incentives. In New Mexico, a certified solar installer must be a journeyman with a certificate of competence in electrical and mechanical work. Utilities and incentive programs may have additional requirements.<\/li>\r\n<\/ul>\r\n

   <\/p>\r\n

  SolarReviews does not recommend DIY solar installations unless you have suitable skills. However, for those who do, SolarReviews published a comparison table displaying solar panel kit prices from the top 10 leading solar kit websites in the US<\/a>.<\/p>","21":"

  Yes you can! In some cases, you can save $3,000 or more when you install solar yourself, even after receiving the federal tax credit. Despite the potential for savings, data from Lawrence Berkeley Labs shows that only about 3% of homeowners choose DIY solar. <\/p>\r\n

  Reasons for this include:<\/p>\r\n

  \r\n
  • The permitting and inspection process for the utility, the state, and municipalities can be quite complex.<\/li>\r\n
  • The installation work is both dangerous and difficult, with electrical work having to be performed at heights.<\/li>\r\n
  • Often times, solar electricity customers will be charged a premium for DIY installations, which can limit savings.<\/li>\r\n
  • In some states, a solar system needs to be installed by a qualified solar contractor in order to take advantage of incentives. In New Mexico, a certified solar installer must be a journeyman with a certificate of competence in electrical and mechanical work. Utilities and incentive programs may have additional requirements.<\/li>\r\n<\/ul>\r\n

     <\/p>\r\n

    SolarReviews does not recommend DIY solar installations unless you have suitable skills. However, for those who do, SolarReviews published a comparison table displaying solar panel kit prices from the top 10 leading solar kit websites in the US<\/a>.<\/p>","city_2_id":0,"22":0,"city_3_id":0,"23":0,"state_tax_credit":1,"24":1,"state_tax_credit_amount":"6000.00","25":"6000.00","diy_solar_allowed":1,"26":1,"pros":"

    The biggest advantages in New Mexico for installing solar panels are the state tax credit and the 26% federal tax credit. <\/p>\r\n

    New Mexico also offers a great net metering program, which allows homeowners to see significant savings on their electric bill.<\/p>","27":"

    The biggest advantages in New Mexico for installing solar panels are the state tax credit and the 26% federal tax credit. <\/p>\r\n

    New Mexico also offers a great net metering program, which allows homeowners to see significant savings on their electric bill.<\/p>","cons":"

    There are not many disadvantages to installing solar panels in New Mexico. If you’re a New Mexico homeowner, you’ll be kicking yourself that you didn’t get solar while all of these incentives were still around. Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home.<\/p>","28":"

    There are not many disadvantages to installing solar panels in New Mexico. If you’re a New Mexico homeowner, you’ll be kicking yourself that you didn’t get solar while all of these incentives were still around. Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home.<\/p>","average_monthly_electrical_usage":0,"29":0,"other_incentives":"

    Utility incentives <\/h4>\r\n

    Some New Mexico utilities offer performance based incentives in exchange for solar renewable energy credits. El Paso Electric, for instance, will pay customers $0.02 per kWh of energy your solar system produces.<\/p>\r\n

     <\/p>\r\n

    Property tax exemptions<\/h4>\r\n

    New Mexico does offer a property tax exemption when homeowners install solar panels. For the purpose of property tax assessments, residential solar systems are not treated as an improvement to property and therefore do not increase the amount a homeowner pays in property taxes.<\/p>\r\n

     <\/p>","30":"

    Utility incentives <\/h4>\r\n

    Some New Mexico utilities offer performance based incentives in exchange for solar renewable energy credits. El Paso Electric, for instance, will pay customers $0.02 per kWh of energy your solar system produces.<\/p>\r\n

     <\/p>\r\n

    Property tax exemptions<\/h4>\r\n

    New Mexico does offer a property tax exemption when homeowners install solar panels. For the purpose of property tax assessments, residential solar systems are not treated as an improvement to property and therefore do not increase the amount a homeowner pays in property taxes.<\/p>\r\n

     <\/p>","pace_program":"","31":"","state_tax_credit_description":"

    New Mexico state tax credit<\/h4>\r\n

    New Mexico has a state solar tax credit that is equal to 10% of the total purchase and installation costs of a solar panel system. <\/span><\/p>","32":"

    New Mexico state tax credit<\/h4>\r\n

    New Mexico has a state solar tax credit that is equal to 10% of the total purchase and installation costs of a solar panel system. <\/span><\/p>","rebates":null,"33":null,"net_metering_content":"

    Net metering<\/h4>\r\n

    New Mexico has a statewide net metering<\/a> policy. All utilities that are regulated by the Public Regulation Commission must provide a credit that is equal to the full retail rate of electricity for excess solar energy sent to the grid.<\/p>","34":"

    Net metering<\/h4>\r\n

    New Mexico has a statewide net metering<\/a> policy. All utilities that are regulated by the Public Regulation Commission must provide a credit that is equal to the full retail rate of electricity for excess solar energy sent to the grid.<\/p>"}}" data-lazy-state-abbr=""> 查看所有本地安装程序

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