Solar Power Incentives New Mexico

The deadline for qualifying for this tax incentive was 12 31 2015.

Solar power incentives new mexico.

Don t wait to purchase your solar system. New mexico s solar incentives are some of the best in america. Whether you choose to purchase or finance your solar electric system you are making a sound decision to simply pay less for something you re already purchasing electricity. Don t wait to purchase your solar system.

With ample sunlight and new mexico s wonderful array of incentives and tax breaks there s no better time than now to consider a solar panel system. Luckily new mexico has. The sun shines generously over new mexico and in more ways than one. Thanks to the many solar incentives and rebates in new mexico homeowner can save thousands on the cost of going solar.

With a number of solar panel rebates and incentives in new mexico like net metering the sustainable building tax credit program and the federal tax credit owning a solar system could be one of the brightest investments you can make for your home. Here are just a few new mexico solar rebates and incentives. Net metering in new mexico. Lots of sunshine and great solar incentives make new mexico a great place to have solar panels installed.

While the cost of your average solar power system can be up to 25 000 the system can pay for itself within about ten years and help generate a profit of. What s new for 2020 2019 was a banner year for new mexico solar power because this is the year when the legislature teamed up with new governor michelle lujan grisham to pass a law requiring 100 of all energy generated in the state to come from renewable sources by 2045. A taxpayer that holds an interest in a qualified generating facility located in new mexico and that files a new mexico corporate income tax return may claim an advanced energy corporate income tax credit in an amount equal to 6 of the eligible generation plant costs. This summary is here for informational purposes only.