Because of New Mexico solar incentives like renewable energy credits as a tax credit on your New Mexico state income tax, it’s a great place to upgrade your home power system to solar energy. With exciting homeowner incentives, the Inflation Reduction Act, US federal tax credit, solar company loans, and other great solar incentives, you will love how much a solar installation can enhance your home value and household finances.

• Federal Solar Investment Tax Credit: New Mexico residents who switch to solar get an Inflation Reduction Act may qualify for a tax credit
• As per the US Department of Energy’s website: “Solar PV systems installed in 2020 and 2021 are eligible for a 26% tax credit”
• New Mexico Solar Market Development Tax Credit: The State of New Mexico has a generous 10% tax credit for up to $6,000 on your New Mexico state income tax
• < href="https://cnmec.org/net-metering" target="_blank" rel="noopener">New Mexico Net Metering: Net Metering: New Mexico net metering rewards you financially or with credits for electricity when your solar system produces more energy than your household uses in a year.

While you may think there would be significant differences with solar from state to state, the solar panels in New Mexico and their solid-state photovoltaic cells are similar to those installed in any other state. Your solar panel purchase will be carefully researched and designed in consultation with you to suit your home and wattage needs.

Not sure what that means? Don’t worry! Our solar energy consultants will walk you through each step of the process and answer any questions you have about your upgrade.

The amount of electric current your solar systems unit produces will depend on how many panels you and your representative decide to install. Your power production levels will also vary with the sun’s natural variance in photon output and the daily weather conditions in your neighborhood. Luckily, since your installation will happen in the Land of Enchantment, your production will likely be more significant than someone who lives elsewhere in the country.

New Mexico enjoys over 300 sunny days a year. The abundance of clear weather and bright sunlight is the perfect recipe for residential energy upgrades.

Three reasons to upgrade to solar power:

• Solar panels use natural New Mexico solar power
• You get a New Mexico solar tax credit
• Federal renewable energy credits of 30%

With your state solar tax credits and your own home production of electricity from your solar unit, you’ll find that easing the planet’s atmospheric carbon back is reducing your expenses with your average savings after initial installation costs. At Meraki Solar, we’re committed to upgrading the world to solar and would be honored to help you start your solar future.

Solar panel installation costs will vary. Some factors that can reduce the price of a new solar panel system would be tax credits or other incentives you may qualify for from the state for your solar installation. Other factors that will affect the cost are the size of your home, the amount of electricity your household uses, and the size of the array you decide on with your consultant.

When choosing the right solar panels to use in New Mexico, it can be challenging to decide which solar company to partner with for your installation. Our New Mexico Meraki solar energy consultants are professionals. They understand that you want to avoid dealing with more complicated conversations that leave you with more questions than when you started.

Finding the right fit with a solar energy consultant in New Mexico means finding someone who understands this state and how solar can work its best on each house’s rooftop. Our team stays up-to-date with ongoing updates on solar power industry trends. We also receive regular training to ensure you and your home receive the best care and professionalism you deserve through your installation process.

Solar rooftop units are a smart way to save money on electricity costs with your solar panel system while reducing your carbon footprint and the global economy’s net emissions. Plus, there’s the rising cost of electricity, so investing in solar power is becoming increasingly irresistible financially to many homeowners in New Mexico.

The amount you can save on solar panel systems depends on several factors, such as your location’s sun exposure, your solar equipment, and if you qualify for any New Mexico solar incentives, like the New New Mexico solar tax credit. In addition to New Mexico solar incentives like the New Mexico solar tax credit, other solar resources like special financing available to New Mexico residents can make solar panel systems even more affordable.

Suppose you qualify for and take advantage of solar incentives, solar resources, and other financing options available to New Mexico residents. In that case, you’ll experience a dramatic improvement in the entry price to get set up with solar.

While New Mexico may be known as the Land of Enchantment due to its sunny skies, solar panel systems are still a recent addition to the energy-producing options for homeowners. That said, New Mexico still ranks highly as a state that produces high amounts of solar energy production, with that number climbing rapidly as more homeowners choose solar.

Here are some of the most notable updates to New Mexico solar from the past few years:

• SEIA’s National Ranking: New Mexico is ranked highly by the Solar Energy Industries Association
• New Mexico Solar Energy Tax Credit: The state of New Mexico’s solar energy tax credit has not always been in existence, so it’s an excellent opportunity to get state subsidies for your home development to upgrade to solar
• 2020 Bipartisan Grid Modernization Bill: For five years up until 2020, New Mexico was without a state tax credit for solar energy installation
• New Mexico Net Metering: New Mexico will credit your home power grid for any excess electricity your solar system generates, and you can cash that in with the state for energy or financial rewards