Solar Incentives & Rebates in New Mexico
New Mexico homeowners can take advantage of federal and state incentives to significantly reduce the cost of going solar. Below is a complete breakdown of every incentive, rebate, and policy available in New Mexico.
Net Metering
Full retail-rate net metering
SREC Program
No SREC program currently available
State Tax Credit
10% state income tax credit
All Solar Incentives in New Mexico
Federal Solar Investment Tax Credit (ITC)
Tax CreditReduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Value: 30% of system cost
Eligibility: All US homeowners with sufficient tax liability. System must be new and installed on primary or secondary residence.
Expires: 30% through 2032, 26% in 2033, 22% in 2034
New Mexico Solar Tax Credit
Tax CreditState income tax credit for solar installations.
Value: 10% of cost, up to $6,000
Eligibility: New Mexico residents
Expires: Ongoing
Related Solar Resources for New Mexico
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