WattBuy’s Guide to

Solar Energy in
New Mexico

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The State of Solar in New Mexico

Here are a few numbers showing how popular solar energy is in New Mexico and how much solar energy potential there is on average.

3,749

Houses with solar panels

(circa 2019)*

942 kWh

Average monthly energy use per household

14 kW

Average system size

1,857 kWh

Energy generated by average sized system

How much does solar cost in New Mexico?

Average solar panel installation

$20,218

Federal Incentives

$6,066

Total

$14,152

Average monthly bill without solar

$128

Average monthly bill with solar

$0

Solar will pay for itself in

10 years
Tax Credits Available

Free money (kind of)

The Inflation Reduction Act has made it easier and more affordable than ever to go solar, thanks to a 30% federal tax credit. This means that for every $10,000 you spend on solar panels, you can deduct $3,000 from your federal taxes.

LEARN MORE
Net Metering Available

Get paid for the extra solar you produce

Net metering policies in New Mexico can help solar panel owners save money and reduce their carbon footprint. When your solar panels generate more electricity than you use, you can send the excess back to the grid and receive credit on your next bill. Just something to keep in mind when considering solar panels.

Solar Incentives in New Mexico

Solar Energy Gross Receipts Tax DeductionSee Details
Local Option - Renewable Energy Financing District/Solar Energy Improvement Special AssessmentsSee Details
Property Tax Exemption for Residential Solar Systems
2021 Sustainable Building Tax Credit (Corporate)See Details
2021 Sustainable Building Tax Credit (Personal)See Details
New Solar Market Development Tax CreditSee Details

The Solar Process

Getting solar panels may seem complicated, but it doesn’t have to be. Here’s what you can expect.

1

Understand your energy needs

Take a closer look at your energy usage to determine how much solar power you'll require.

2

Get quotes and choose an installer

Reach out to multiple solar companies to gather quotes and select the one that best fits your needs and budget.

3

Design the system

Work with your chosen installer to design a solar system customized to your specific requirements and goals.

4

Obtain the necessary permit

Take care of the paperwork and permits required by local authorities before installing your solar panels.

This takes 8 days on average.

5

Install solar panels

Let the professionals handle the installation of your solar panels and related equipment.

This takes 14 days on average.

6

Inspection time

Have your newly installed solar system inspected to ensure it meets safety and quality standards.

This takes 12 days on average.

7

Lights on!

Connect your solar system to the electrical grid and start generating clean, renewable energy for your home or business.

This takes 8 days on average.

Solar Installers in New Mexico

Sunrun

sunrun.com

Coverage

AZ, CA, CO, CT, FL, HI, IL, MA, MD, NH, NJ, NM, NV, NY, PA, PR, RI, SC, TX, VA, VT, WI

Freedom Forever

freedomforever.com

Coverage

AK, AZ, CA, CO, CT, DE, FL, GA, ID, IL, MA, MD, ME, NC, NH, NJ, NM, NV, NY, OH, PA, RI, SC, TX, UT, VA, VT, WI

Solar Smart Living

solarsmartliving.com

Coverage

NM

Infinity Solar USA

www.infinitysolarusa.com

Coverage

AZ, NM, OR, TX, WA

Positive Energy Solar

www.positiveenergysolar.com

Coverage

NM

ION Solar

www.ionsolar.com

Coverage

AZ, CO, NC, NM, NV, OH, OK, OR, TX, UT, VA

Tesla

tesla.com

Coverage

Nationwide

ADT Solar

www.adt.com/solar

Coverage

AK, AZ, CA, FL, GA, IA, IL, KS, LA, MO, MS, NC, NE, NM, NV, OH, OK, SC, TN, TX, VA

Titan Solar Power

titansolarpower.com

Coverage

AZ, CA, CO, FL, GA, IL, LA, MD, MO, MS, NC, NJ, NM, NV, OH, SC, TN, TX, UT, VA

Solar Works Energy

solarworksenergy.com

Coverage

CO, NM, TX

Learn About Solar in These New Mexico Cities

Agua FriaAlbuquerqueBelenBosque FarmsCarnuelCedar CrestCorralesDoña AnaEdgewoodEl Cerro-Monterey ParkEldorado at Santa FeFarmingtonIsleta Village ProperLa CienegaLas CrucesLos ChavezLos LunasLos Ranchos de AlbuquerqueLos Trujillos-GabaldonMesillaMoriartyNorth ValleyPeraltaRio CommunitiesRio Communities NorthRio RanchoSandia ParkSanta FeSanta TeresaSouth ValleySunland ParkTesuqueTijerasTome-AdelinoUniversity ParkValencia

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*Source: Project Sunroof