Results: Professionals in New Mexico (53)

More about solar power in New Mexico

New Mexico gets a ton of sun and its lawmakers have set up some pretty decent solar energy incentives. Individuals and business, for example, can take a tax credit worth 10 percent of the installed costs of solar photovoltaic (PV) panels or a solar thermal (solar hot water) system. See the NM Energy, Minerals and Natural Resources Department for specifics. In addition, homeowners and businesses can take a production-based annual tax credit over the first 10 years after the solar energy system has been installed. Put simply: for each kWh of electricity produced by your solar power system, you get a tax credit of about $0.027. This might not sound like a lot, but over time these credits add up, providing additional savings over a sustained period (10 years). For more info on these New Mexico solar incentive programs, see the Clean Energy NM website.

Finally, don't forget that the federal government provides a 30-percent tax credit for individuals and companies who install renewable energy systems. (Important note: for commercial systems installed in 2009 and 2010, businesses can opt to receive a solar energy grant -- still worth 30 percent of system costs -- instead of the tax credit.) 

GetSolar is here to help you get quality service and the best price for your solar panels or solar thermal (hot water) system. To get started, simply fill out our solar energy information form. It's free and takes only a few minutes to complete. After learning about your monthly energy needs, we'll work with our local solar installation partners serving Iowa to get you a free site visit and quote. You'll also get the chance to ask us any questions you may have. What are you waiting for? Be the next person to get solar in New Mexico!