Solar Power New Mexico

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.

Solar power new mexico.

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. Compare the best solar energy companies in new mexico in 2020 updated. This bill provides a 10 tax credit with a value up to 6 000 for a solar system. The most significant incentive to install solar panels for homes and businesses is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation.

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. What s new for 2020 2019 was a banner year for new mexico solar power because this is the year when the legislature teamed up with new governor michelle lujan grisham to pass a law requiring 100 of all energy generated in the state to come from renewable sources by 2045. Renewable energy certificates recs may be sold through the western renewable energy generation information system wregis. New solar market development tax credit was passed by the 2020 new mexico legislature.

On march 3 2020 new mexico governor michelle lujan grisham signed the bill into law. As of 2018 new mexico has installed almost 800 megawatts of solar energy capacity placing it 16th on seia s national ranking in 2018. We are the local solar guys locally owned and homegrown in new mexico. Solar rps carve outs in new mexico.

New mexico calls for 4 of new mexico s rps to be met by solar panel installations. There are currently 57 solar energy companies operating in new mexico. But new mexico s solar carve out is nothing to sneeze at either. Senate bill 29 was sponsored by senator mimi stewart and representative matthew mcqueen.

We are proudly based out of albuquerque and alamogordo. Contact us now and quick start to saving money in 8 weeks or less. Solar incentives rebates and tax credits available in new mexico in 2020. 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.