New Mexico Solar
New Mexico is a perfect state for solar power with plenty of sunny days, and great incentives makes the decision to go solar an easy one. By using solar power, many homeowners have been able to get rid of their utility bill since they have produced enough energy that they do not have to pay for any power from their utility company. Unlike power companies, a solar loan’s monthly payments will never go up. Plus, there are Solar Warranties of up to 30 years in New Mexico to give you peace of mind in switching to Solar.
Sunshine in New Mexico
A great reason to go Solar in New Mexico is that New Mexico receives a lot of sunlight. On average, New Mexico has 273 sunny days a year, with its capital of Santa Fe seeing 283 days of direct sunlight. The amount of sunlight your solar system is exposed to will directly affect the amount of solar power your system will produce for your home. This means that New Mexico is a great place to install solar panels, since you will have consistent sunlight throughout the year so you can potentially eliminate your utility bill.
Trees and Shade in New Mexico
Homeowners in New Mexico will not have to worry too much about extreme shading. New Mexico’s forests only make up about 21% of the state and only 13% of that land is not on government owned land. That being said, every home is different and shading may be something that you have to consider when switching over to solar power. If there are tall trees and large branches shading your solar panels, it would diminish the amount of sunlight going to your panels. If this is a concern, most of the time homeowners will trim their trees so they will still get all of the benefits of solar power. Again, every home in New Mexico is different! To get a final decision on whether or not solar is right for your home, contact one of our Solar Experts for a free consultation today!
New Mexico Net Metering & Power Credits
Utility companies in New Mexico like Xcel Energy have a system in place called Net Metering. This means that on sunny days when your system generates too much energy for your home to use that day, the excess energy is counted as credits with your utility company. These credits can be used on days with little sunlight so you don’t have to worry about your utility bill changing drastically throughout the year.
The amount of energy that a solar panel system produces varies each day depending on how much direct sunlight it is exposed to. Net metering allows you to balance out the disproportionate amount of power produced from season to season, so you do not waste any solar energy that your system has generated. The great thing about New Mexico is that New Mexico’s Net Metering Plan returns a 1-1 credit for every kilowatt your system produces. This means that you’ll be able to take and use the same amount of power from the grid that you contributed in excess to the grid – and you don’t lose any funds in the power-transfer process!
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Get My Free QuoteNew Mexico Loves Solar Power
New Mexico is known for its amazing incentives available to homeowners going solar. New Mexico offers some different incentives that make it an easy decision to go solar. The state incentives include a tax credit of either 10% of your system or $6,000 depending on the price of your system, exemption from property tax increase, and it’s advantageous net metering program. There is also a sustainable building tax credit, that after certification, could result in saving $6.50 per square foot. With all of these incentives available, it has made New Mexico one of the best states in the country to go solar.
Mae and Lee - Virginia
Mae and Lee, a couple from VA saved $7,665 by taking advantage of the federal solar tax credit when they purchased their solar system in 2020
Cost of Solar in New Mexico
Solar Installation Process in New Mexico
The cost of your solar system will depend on many different factors such as the size of your roof, your energy consumption, shading, number of panels, etc. There are also other factors to think about like permitting costs, and federal, state, and local incentives which will all have an impact on the final true cost. The only way to know how much solar will really cost for you is by getting a proposal designed for your home. We know it can be helpful to get a general estimate though so according to EnergySage, as of 2021 the average cost of a solar system before tax credits have been applied is anywhere from $13,642 to $18,458. After financing their system, many homeowners in New Mexico have been able to save money by going solar. Homeowners with a credit score over 650 and who make at least $40,000 a year have a great chance at qualifying for financing. When you work with Noble Solar, we’ll include the cost of labor in our initial quote to make the breakdown as simple as possible.
The solar installation process in New Mexico works the same as any other state. Since New Mexico has a net metering program, many homeowners stay connected to the grid so that they can take advantage of those benefits. Solar can be installed almost all year but we recommend installing your system in winter or spring so you are ready for the summer months and the installation crew won’t have to brave the summer temperatures.
Schedule your New Mexico Solar Power Consultation
Starting the process for going solar is as easy as scheduling a quick call with us to see if solar is the right fit for you. We will go through some basic questions with you to learn more about the the type and size of your home, why you’re interested in solar, and we can answer any questions that you have about the process. We’ll go through the state incentive programs that you are eligible for as well so you can see the real life savings available to you. Lastly, we will schedule an appointment which will be either in-home or virtual (Zoom or Skype), which will allow us to perform a more in-depth evaluation of your home and go over equipment, costs, logistics, and next steps.
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