Blog Posts in March, 2023

How Do I Claim My Federal Solar Investment Tax Credit

As of 2022, thanks to the passage of the Inflation Reduction Act , any homeowner who invests in solar energy for their home can receive a solar investment tax credit (ITC) from the federal government at a deduction up to 30% of the costs of their solar energy system. The 30% ITC will remain at 30% through the year 2032. It will decrease to 25% for any solar energy systems installed in 2033 and ...

What happens when your PNM Small Solar REC Purchase contract expires?

If you were an early adopter of solar in New Mexico with the state's largest utility, the Public Service Company of New Mexico (PNM), you may be accustomed to receiving a check from PNM in addition to not having an electric bill. This was part of a legacy program that paid for Renewable Energy Certificates (RECs) from the clean energy a solar system produced and put onto the grid. Many of these ...