Solar Power New Mexico

The most significant incentive to install solar panels for homes and businesses is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation.

Solar power new mexico.

Compare the best solar energy companies in new mexico in 2020 updated. We are proudly based out of albuquerque and alamogordo. There are currently 57 solar energy companies operating in new mexico. As of 2018 new mexico has installed almost 800 megawatts of solar energy capacity placing it 16th on seia s national ranking in 2018.

Below you can compare the prices and reputations of solar installers solar panel manufacturers and other solar energy companies servicing new mexico today and learn how to select the best one. Senate bill 29 was sponsored by senator mimi stewart and representative matthew mcqueen. Solar incentives rebates and tax credits available in new mexico in 2020. This bill provides a 10 tax credit with a value up to 6 000 for a solar system.

But new mexico s solar carve out is nothing to sneeze at either. New mexico calls for 4 of new mexico s rps to be met by solar panel installations. Affordable solar new mexico s most trusted local solar panel installation company for commercial and residential solar installation services. We are passionate about solar and want to help everyone take advantage of one of the most bountiful natural resources that new mexico has to offer.

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. We are the local solar guys locally owned and homegrown in new mexico. While its geography and solid solar resource has played an important role in the success of solar in new mexico the key driver of solar growth has arguably been the state s effective policies over the years. Solar rps carve outs in new mexico.

New solar market development tax credit was passed by the 2020 new mexico legislature. Contact us now and quick start to saving money in 8 weeks or less. Renewable energy certificates recs may be sold through the western renewable energy generation information system wregis. The new mexico renewable portfolio standard calls for 20 renewable energy by 2020 and 4 from solar power from investor owned utilities and 10 renewable from rural electric cooperatives.