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New 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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