We are building this webpage
Solar energy is clean, renewable, and inexhaustible. It creates no noise or pollutants, and saves money while lowering dependence on fossil fuels. It also helps to reduce the burden on an aging electrical grid–PNM has warned of potential rolling blackouts in the summer of 2023, as the grid struggles to keep up with increasing demand.
New Mexico is one of the sunniest states in America, averaging from 2,800 to 3,700 hours of sunshine annually across the state. It has also been ranked a top state for solar incentives, with state and federal savings adding up to 30% or more of installation costs. Home solar installations are cheaper in NM than the national average, and the cost of panels has fallen 53% in the last ten years.
A home solar system will lower your utility bills and your carbon footprint, while increasing your energy independence and the value of your home, and with the Inflation Reduction Act’s solar tax credit of 30% joining the existing state incentives, it is the perfect time to start planning an installation.
Further Reading:
Forbes Home: Your Ultimate Guide To Solar Panel Pricing And Incentives In New Mexico
Office of Energy Efficiency & Renewable Energy: Homeowner’s Guide to Going SolarFederal
Department of Energy Homeowner’s Guide to the Federal Tax Credit for Solar Electricity
USDA REAP Grant
State
Solar Market Development Tax Credit
Energy Sage New Mexico Solar Incentives
HouseMethod New Mexico Solar Incentives
Sustainable Building Tax Credit (SBTC)
https://www.leafscore.com/solar-guide/benefits-of-going-solar/solar-rebates-and-incentives/new-mexico/
Programs to help pay for Solar
Solarize Santa Fe helps City of Santa Fe residents save money, create jobs, and address climate change by increasing access to rooftop solar and energy and water efficiency. It negotiates a group discount and consumer protections on solar installations with high quality, pre-vetted installers to make going solar easy and affordable. It also has special offers to make rooftop solar accessible to low-and-moderate income residents. Funds do run out each year so apply early.
Loans
Nusenda: Solar and Energy-Efficient Loans and Solar Partners.
Clean Energy Credit Union Solar Electric System Loans
Community Solar
A home solar energy system generates electricity from solar energy—but what about when the sun isn’t shining?
On average, New Mexico experiences 278 sunny days per year. Those hours of sunlight can be captured by solar panels and used to power homes and appliances. But some of the energy produced isn’t needed during the day, and is either returned to the power grid or wasted.
Power demands are often highest at times when solar production isn’t at its peak: overcast days, hot summer evenings, and at night. So how do we recover that wasted energy from the sunniest hours and use it when we need it?
The answer is solar-plus-storage energy systems. Storage technologies capture the excess electricity, store it in another form, and make it available when it’s needed later. These systems can keep the power going through changing conditions and can even serve as backup during a power outage.
Thanks to the Inflation Reduction Act, a new solar-plus-storage home energy system may be eligible for the 30% Solar Investment Tax Credit, as well as New Mexico’s Property Tax Exemption for Residential Solar Systems.
Further reading:
Forbes Home: Everything You Need To Know About Solar Batteries
This Old House: What Are the Main Types of Solar Batteries?
U.S. Energy Information Administration: Average Retail Price of Electricity in New Mexico