Federal Tax Incentives for Solar

30% federal tax credit SunPower by Positive Energy Solar

Save BIG with Federal Solar Incentives in 2019

The chance to claim the full 30% tax credit on your solar purchase ends in 2019 and spots are filling up quickly. The current solar tax credit program will run through the year 2021, and even into 2022 and beyond for certain solar installations. However, the benefits will progressively taper off after 2019, which means the time to act and make the switch is now. The longer you wait, the less of a credit you’ll receive.

The federal solar tax credit schedule is as follows:

  • 2017 – 2019: 30% solar tax credit
  • 2020: 26% solar tax credit
  • 2021: 22% solar tax credit
  • 2022 & beyond: 10% (for non-residential and third-party owned systems only, host-owned residential will not receive a tax credit for new installations at this time)

How the Federal Investment Tax Credit Works

The Federal Investment Tax Credit is a huge potential benefit to home and business owners looking to install solar, and encouraging them to invest in improving their property with renewable energy. If you install a solar panel system in your home, you’ll be able to claim up to the maximum amount for that given year as a credit, thus dramatically lowering your tax liability.

Let’s look at an example. Say you install a solar panel system on your roof that costs about $20,000. Through this solar program, you would be able to claim a credit for up to 30 percent of that amount on that year’s tax return. That means you’ll receive a $6,000 credit towards your tax burden for the year in which you installed your panels. Say your tax burden for the year is $10,000, well after applying your $6,000 credit, you’d be left with just $4,000 to pay!

Keep in mind that you’ll get immediate monthly cash savings that provide a return on that investment, and that with today’s low interest rates and $0 down financing you can go solar with nothing out of pocket.

New Mexico Solar Incentives

While the federal government offers a number of tremendous benefits, state and local governments have also implemented programs to encourage residents to decrease their reliance on an aging electrical grid and help the environment by reducing dependence on fossil fuels.

  • Net-metering: You can sell the extra electricity your system generates back to the grid for a credit or even a refund on your utility bills!
  • No Gross-Receipts Tax: That's an additional 5-8% savings.

Learn more about switching to solar by contacting Positive Energy Solar at (505) 908-9578 today! We offer a FREE consultation.

Choose Positive Energy Solar & Start Saving Today

Local Employee Owned B-Corp Certified

  • Over 300+ 5-star reviews
  • Highest quality SunPower® solar panels and products
  • 25-year combined product, production & workmanship warranty
  • Most NABCEP® certified solar staff in New Mexico
  • B-Corp with a triple bottom line of People, Planet, and Profit
  • Employee-owned business
  • Expedited work with less down time, done right the first time
  • Great financing options to fit your budget ($0-Down available)

Don't Miss Out - Claim Your 30% Solar Credit

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25-Year SunPower Complete Confidence

Trust in our New Mexico solar experts to bring the power of the sun to you. Let our company show you how we can decrease your utility bills.

Why should you make the switch to solar electricity? There are many benefits, including a lower carbon footprint, which helps save the planet, lower dependence on the electrical grid for your power, and many more. But the real reason most people want to switch is to lower their utility bills and save money. Now, thanks to new federal incentives, New Mexico residents can save even more thanks to tax credits and other incredible benefits. With all of the programs designed to help ease home and business owners into their transition, there has never been a better time to switch to clean, renewable solar electricity!

If you’re considering switching to solar, trust the number-one reviewed solar installer in New Mexico! Positive Energy Solar provides high-quality solar products installed by experienced and knowledgeable technicians. We are extremely proud of our 100 percent customer satisfaction rating on more than 3,500 solar installation projects throughout New Mexico. No matter how small or large your solar system might be, you can trust that our team will get the job done right and back it up some of the industry’s best guarantees, including our Worry-Free 25 Year Warranty!

Speak with a New Mexico solar power expert today! Call Positive Energy Solar at (505) 908-9578 to find out if switching to solar is right for you!

It’s Easy to Go Solar with Positive Energy Solar

  • Top Quality PV Panels

    SunPower® solar technology leads the industry in efficiency, durability, aesthetics, warranty and more, allowing you to save with solar without sacrificing your home's curb appeal. With over 700+ patents and a fundamentally different manufacturing and solar cell process built for real world solutions, SunPower® offers the industry's only combined 25-year product and power warranty. One company, one warranty, unparalleled peace of mind.

  • High Quality Experience

    Since 1997, we've built our reputation on providing a better solar experience. Our New Mexico solar technicians go above and beyond to ensure you get the service you deserve when going solar. We keep in touch every step of the way offering efficient, friendly, and hassle-free service from the moment you contact us to the time we flip the switch on your savings.

  • Beautiful Installations

    The best product deserves the best installation, with a workmanship warranty that allows you to rest easy knowing your system and roof are in good hands. Positive Energy Solar has the most nationally certified installers and solar advisors in New Mexico. Our experienced technicians know how to design and install beautiful solar panels that will make your home the talk of the neighborhood!

Learn More About Our Services

Our Reviews

  • The follow up once installed is beyond expectations. Their team is made up of solar experts who really care about their clients.

    Over the last 6 years, my wife and I have worked with Positive Energy Solar to install solar panels on 2 homes we've owned here in Santa Fe. From specifying to design and placement, their service and workmanship are excellent. After the installation they followed up to assure full output and taught me how to read the monitoring system. In both cases they specified the correct system through careful review of my electric bills, then did proper installation with very durable components and methods of anchoring, all properly wired to code. The follow up once installed is beyond expectations. Their team is made up of solar experts who really care about their clients. We are very pleased to be converting the New Mexico Sun into electric energy. We are very pleased with the entire program and results.

    Santa Fe, NM

  • The whole team worked excellently together, demonstrating how team work can really work well in this sort of situation. Thanks for having good people working there.

    I wanted to get in touch about the recent work that [your] crew did repairing the solar tracker that was wobbly and making a lot of noise. Since this was the first time the tracker manufacturer had heard of the problem of the bearings wearing out, obviously there was no guide for Don to follow in fixing the thing. He came out with a crew of appropriate size for the job, had all the equipment and tools he needed for the job, and had obviously thought a great deal about how to proceed. He had designed a clever jig to hold the tracker panels in place while the one large bolt that holds the assembly together was removed. He manufactured the jig on site, requiring considerable carpentry skill, and put it in place, and it worked very well. Keeping the large panel stationary during the removal and replacement of the bearings in the wind was quite an accomplishment. The whole team worked excellently together, demonstrating how team work can really work well in this sort of situation. I wanted to take the opportunity to commend Don on a job well done, and the rest of the crew as well, though Don clearly had thought through all aspects of the job and did it well!! Thanks for having good people working there.

    Placitas, NM

  • My husband's high standards for the installation were met. We're grateful to have your professional service to install and maintain our solar system.

    To the Installers, concerning your skill: You did a beautiful job: the conduit pipes fit the house. There are no overlaps or gaps. I appreciate the subtle bends in the pipe that you took time to study and create. The pipe fits the contours of the stucco wall, not just around corners but also along the lengths of the "flat wall" which have slight curves. I appreciate your finished conduit work as both skill and artistry. Thank you for painting the conduit with intelligence, that is, smoothly and with no mess, splatters or any other potential detraction. I was worried about the effect of the cold (in the 30 degrees') on the paint on that day, but problems with the paint didn't materialize due to your skill/experience. Concerning the actual solar panels, sitting on their weighted "cradles:" They look clean, modern and efficient - which actually means they're quite beautiful. My husband's high standards for the installation were also met. We're looking forward when, after the inspection, we can finally turn on the array and know that we're utilizing the sun's energy rather than using fossil fuels. Very exciting! We're grateful to have your professional service to install and maintain our solar system. Respectfully, Dolores & Paul M.

    Albuquerque, NM

  • They are an extremely professional company - providing the very best in customer service.

    We highly recommend Positive Energy Solar. They are an extremely professional company - providing the very best in customer service. The project was well thought out, designed and executed. We were regularly updated on the schedule. All of the staff were exceptional at communication - particularly Thomas, our Sales Advisor. We would absolutely not think twice about using them int he future.

    Santa Fe, NM

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