When you decide to switch to solar, there are many additional ways to save money on your installation, should you qualify. In Albuquerque, New Mexico, there are many options for you to research. Additionally, Meraki Solar offers zero-down solar on all qualifying projects, which can make the switch to solar more accessible than ever.

• Federal Solar Investment Tax Credit: Due to the Inflation Reduction Act, the 26% federal tax credits for your new solar energy system have been raised to 30% of the cost, which qualifying homeowners may apply to new installs
• As per the US Department of Energy’s website, solar PV systems installed are eligible for a 26% tax credit
• New Mexico Solar Market Development Tax Credit: The State of New Mexico has a very generous 10% tax credit for up to $6,000 on your state income tax which applies to all Albuquerque, NM, residents who pay state income tax
• New Mexico Net Metering: New Mexico has a policy that credits you for the extra energy your solar system produces, which may result in you receiving financial compensation from the energy companies

The amount of energy each unit produces depends on factors such as your rooftop’s angles and sun exposure, the local weather in your neighborhood, and how many solar panels you and your consultant decide to have installed. It’s a very positive energy solar outlook for NM residents!

Your production levels will also vary depending on how much sunlight your solar panel system receives daily on your roof. Luckily, since your solar installation takes place in Albuquerque, NM, your unit will likely be very productive compared to other regions across the country that get less direct sunlight throughout the year.

Knowing how your entire solar energy system works together as an assembly could help you better appreciate the science behind how photovoltaic cells harness sunlight to light and heat your home. The following 5-part production process gives a good summary overview of how it works:

1. Sunlight: Solar energy from the sun is one of our earth’s most abundant and renewable natural resources, and your advanced solar panel could put that resource into your hands
2. Solar Panels: Your panels are positioned on your rooftop in an ideal arrangement to ensure a maximum amount of solar energy captured by your panels
3. Inverter: The DC (direct current) electricity generated in the photovoltaic cells converts to AC (alternating current) which you may use to power your home
4. Breaker Box: The converted AC electricity moves through the breaker box to protect your home’s circuitry and appliances and is directed to the outlets in your house.
5. Electricity Production: Any excess current produced by your generator will enter the utility meter to join the power grid

With the amount of free sunlight over Albuquerque’s skies and the incredible potential for local, state, and federal incentives, making the switch to solar is an easy choice. But why should you switch to solar, and how do you know if the financial investment is worth it?

• Solar panels may help reduce your electric bill and avoid power outages
• It may be possible to subsidize new solar panel installations if you qualify
• Every day the sun shines, you’re saving money!

With your custom solar panel system design maximized for your most positive energy solar solution, our team will help optimize your solar production, putting your power back into your hands. We’re committed to serving you at Meraki Solar and would be honored to help you start your solar journey.

Solar panel costs will vary depending on the size of your home or business, the amount of energy your family uses, and the number of panels. You could also take advantage of solar incentives like a solar investment tax credit, loans, rebates, and more should you qualify.

Each of our solar system installations is custom, and we determine the cost for the individual homeowner, so there is no specific cost for solar panel installations. Your solar energy consultant and install specialist may help you better understand the cost and pricing for your package once they’ve had the chance to inspect your home. Since we take the time to understand your usage needs and the kilowatts required to sustain your lifestyle, you will better understand your project’s cost.