New Mexico Solar Incentives

New Mexico’s solar incentives are some of the best in America.

New Mexico solar incentives

Lots of sunshine and great solar incentives make New Mexico a great place to have solar panels installed. Whether you choose to purchase or finance your solar electric system, you are making a sound decision to simply pay less for something you're already purchasing (electricity). Solar energy systems not only save you money, but they can also increase the value of your home. Thanks to the many solar incentives and rebates in New Mexico, it's a great place for solar; there's a reason our state flag has a sun (zia) on it!

Here are just a few New Mexico solar rebates and incentives:

Net Metering
Source: EnergySage

Net metering in New Mexico.

When you put solar panels on your roof, you want to make sure you get credit for the power your system generates. Luckily, New Mexico has a net metering policy that credits you for the extra electricity your system produces, and allows you to use those credits when your system doesn’t generate enough power (think of it like roll-over minutes). PNM, Central New Mexico Electric, Mora-San Miguel, Los Alamos County, and several other local co-op utilities offer net metering programs in New Mexico.

New Mexico Solar Market Development Tax Credit

New Mexico Solar Tax Credit 2020

The New Mexico Solar Market Development Tax Credit or "New Mexico Solar Tax Credit" was passed by the 2020 New Mexico Legislature and signed by New Mexico Governor Michelle Lujan Grisham.

  • This bill provides a 10% tax credit with a savings value up to $6,000* for a solar energy systems.
  • The bill states that a business or homeowner who purchases and installs a solar energy system on or after March 1, 2020 are eligible for this tax credit.
  • First come first served - the solar tax credit has an annual allotment of $12M. This will go quickly, so don't wait to get your solar project started.

Property & sales tax exemption for solar

New Mexico Solar tax exemption

Even though solar increases the value of your home and allows for greater marketability, that extra value is exempt from property taxes in New Mexico. A property tax exemption makes it more economically feasible for a taxpayer to install a solar system on a residential or commercial property – you get the financial benefits of generating your own power, without having to worry about a higher tax bill!

New Mexico also offers state sales tax exemptions for solar panel installation. A sales tax exemption means that homeowners and businesses would not have to pay any additional state sales tax on their solar panel system.



Federal Solar 
Tax Credit (ITC) & Inflation Reduction Act.

Federal Solar Tax Credit 2022 Inflation Reduction Act

Perhaps one of the greatest and most-known solar incentives comes from the Federal government.

All 50 states are eligible for a Federal Investment Tax Credit (ITC)* to reduce the cost of the system. Thanks to the recently signed Inflation Reduction Act, solar projects now quality for a 30% tax credit based on the value of your system (parts, labor, permitting, etc.) If you choose to purchase or finance your system, this tax credit goes to you directly through your federal tax return!


* Consult with tax professional to determine if credit can be fully utilized based on your taxable liability.

Solar System Incentives

Solar System Incentives. How does $0 out of pocket sound?

Most people are aware that solar will ultimately save them money, but some also believe that solar has a large upfront cost, which isn’t true! With local solar financing programs available, you can now switch to solar for $0 upfront and start saving immediately. Whether you choose to pay cash or finance your system, there are several incentives that make having solar panels installed on your home a great investment; both economically and environmentally!

Our Customers Are the Priority

We are committed to providing the highest level of service to our customers - We've built our reputation on it, and it's what has made us a leader in solar throughout New Mexico. Read more from our happy customers, then call us to learn how we can help you too!
    "Don't just take our word for it - check out our online reviews"
    "Thorough and supportive from start to finish"
    Positive Energy Solar was responsive and helpful from the time we first called, through our decision-making process, and throughout the planning and installation of our system... We are very pleased with Positive Energy and would recommend them wholehearte
    - Donna A.
    "from start to finish they were excellent, would definitely recommend them to anybody."
    Great solar system, excellent workmanship, very professional people, they got the job done before due date, from start to finish they were excellent, would definitely recommend them to anybody.
    - Jorge V.
    "Couldn't be more pleased!"
    Our experience with Positive Energy Solar couldn't have been easier or more professional. Our contact, Taylor, explained everything clearly, giving us various options to choose from, both in terms of how much solar we wanted to install and whether we wanted to pay up front or choose a pay-as-you-generate plan. Everyone we dealt with was professional and courteous and we got our panels installed in a timely manner. We are now enjoying our website monitor that tells us every day how much electricity we have generated. Between our solar array and our new electric car, we are thrilled to be "part of the solution."
    - Diane and Peter
    "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.
    - Paul Kalenian
    "The whole team worked excellently together. 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.
    - Steve F & Elaine S.
    "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.
    - Dolores & Paul M.
    "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.
    - Glen L.

Want to learn more about solar tax credits & incentives?

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