Solar Power New Mexico

New solar market development tax credit was passed by the 2020 new mexico legislature.

Solar power new mexico.

Contact us now and quick start to saving money in 8 weeks or less. Solar rps carve outs 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. Senate bill 29 was sponsored by senator mimi stewart and representative matthew mcqueen.

On march 3 2020 new mexico governor michelle lujan grisham signed the bill into law. This bill provides a 10 tax credit with a value up to 6 000 for a solar system. 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. New mexico calls for 4 of new mexico s rps to be met by solar panel installations.

We are the local solar guys locally owned and homegrown in new mexico. Solar incentives rebates and tax credits available in new mexico in 2020. Renewable energy certificates recs may be sold through the western renewable energy generation information system wregis. There are currently 57 solar energy companies operating in new mexico.

But new mexico s solar carve out is nothing to sneeze at either. We are proudly based out of albuquerque and alamogordo. As of september 2020 the average solar panel cost in new mexico is 3 28 w given a solar panel system size of 5 kilowatts kw an average solar installation in new mexico ranges in cost from 13 940 to 18 860 with the average gross price for solar in new mexico coming in at 16 400 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives. 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.

Compare the best solar energy companies in new mexico in 2020 updated. 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. 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. And if that s not enough 6 of total energy must be produced from small scale installations for example your home as opposed to giant power plants or commercial installations.