With ample sunshine, numerous financial incentives, tax breaks, and other financial benefits, there has never been a better time for New Mexico residents to go solar. Ready to start reaping the benefits of your own solar system? Read on to learn why installing a residential solar system in your home is a smart investment.
Homeowners who install a solar power system can take advantage of lower utility bills, tax incentives, tax credits, and property tax exemptions. These financial benefits make installing a solar power system in your home not only more affordable but also a great investment.
New Mexico is lucky enough to have multiple tax credits: 1) a gross receipts tax exemption on your entire solar project, and 2) a 10% State Tax Credit towards the purchase of a solar system (see the bill here). Combined with the federal tax credit that saves you 26% on solar installation costs (ending soon), most New Mexico residents can benefit from a 43% credit.
It’s important to note that tax credits are not immediate savings when you pay for your new system. This tax credit may be spread across multiple years if necessary. Additionally, there are certain requirements that must be met to qualify for the credits.
To ensure that your new solar system will qualify for the tax credit, make sure it meets your local building code requirements and that the model you choose is certified by the Solar Rating and Certification Corporation. Solar Pro can guide you through meeting these requirements.
In addition to credits on the installation of your solar power system, property owners can also receive a 100% property tax exemption on solar panel systems. Home improvement projects like a solar power system typically increase the value of a home and this value typically results in an increase in property taxes. However, by taking advantage of the 100% property tax exemption, you can enjoy the benefits of your solar system without an increase in property taxes.
solar panels albuquerque|solar energy albuquerque|solar installation albuquerque|solar albuquerque|solar panel installation albuquerque|solar power albuquerque|solar panels installers|installation solar|solar system installers|solar panels albuquerque nm|solar power installers|install solar panels on home|solar panels and installation|roof and solar panel installation|solar solar panels|solar panel roof installation|solar panels solar panels|solar power panel installation|solar system installer near me|roof solar|solar power installer near me|solar energy panel installation|solar panel installers near me|solar panels for your roof|solar energy installers near me|roof solar panel|solar panels|solar panel system installation|recommended solar panel installers|solar panel systems near me|solar power system installers near me|residential solar panels near me|panel solar panel|solar for|solar energy system installer|solar installation for home|residential solar installation|the solar panel|adding solar panels|solar panels on house|solar system installation near me|solar panel in|best solar panel installation|pv installation cost|affordable solar panel|solar panel solar|solar installation service|installing solar power in your home|solar pv installer near me|cost of pv panels|solar power home installation|solar panels on roof of house|install solar panels on house|solar power system installation|solar system solar panels|solar panel fitters|solar panel for your home|add solar panels to house|solar panel location on roof|cost of solar pv panels|installation of solar energy|by solar panel|solar power solar|roof solar energy|best way to install solar panels|solar panels on|in roof solar panels|residential solar power|best solar companies in albuquerque nm|solar system roof|solar electric system installer & service provider|solar electricity installation|solar panels north east|solar panel about|with solar panels|a solar panel|residential solar installers near me|business solar panels|cost of solar pv|getting solar panels on roof|adding more panels to solar system|residential solar panel systems|solar power panel|best solar panels for roof|solar jobs albuquerque|using solar power at home|solar panel solar energy|solar panel on home|energy solar panels|on roof solar panels|solar consultation|solar panel fitters near me|energy saving solar panels|energy panels roof|pv panel installation|solar energy solar panels|solar panel for|about solar panel installation|solar panels home use|solar energy panels for homes|solar panel for residential|image solar panels|electricity panels for roof|install own solar panels|solar panel panel|solar panel with|cheap pv solar panels|residential solar reviews|getting started with solar power|solar add|electric solar panel cost|solar cell installation|adding solar panels to home|buying your own solar panels|solar sun panels|energy panels|roof sun panels|solar electricity at home|get solar panels|using solar energy at home|solar panel for home electricity|home solar energy|electric panels on roof|i solar panels|cost of solar power installation|residential solar energy|solar pv panel installation|get paid to install solar panels|solar panel roof requirements|best solar companies in new mexico|solar power solar panels|residential solar panel installation|cost of solar panel installation|solar power for homes cost|solar power panels for homes|residential solar power installation|best place to install solar panels|savings with solar panels|best way to use solar panels|solar panels info|business solar|solar for the house|solar on panels|solar energy in house|best solar panels for house|affordable solar power|solar panels for free|solar power and solar energy|solar installer requirements|solar power at home|affordable solar systems for homes|solar device|solar electric roof panels|adding solar panels to roof|solar panel designs|pv installers near me|benefit of solar panels to your home|solar power report|15 solar panels|best location for solar panels on roof|google solar panels|solar power costs 2019|learn to install solar panel systems|solar panels service|buy solar panels|solar panel electricity bill|the solar power|solar electricity panel|requirement for solar panel installation|solar pv reviews|learn to install solar panels|2019 solar panels|energy in solar panels|solar power system reviews|information on solar panel|solar panel is|solar installation quote|renewable energy installers near me|solar panel installers in my area|get solar power for your home|4 solar panels|to buy solar panels|best roof for solar panels|solar panels 2019|becoming a solar panel installer|solar panel install jobs|apa itu solar panel|percentage of homes with solar panels|solar panels for residential use|solar energy for your home|buy and install solar panels|home solar power system cost|benefits of solar panel installation|buy residential solar panels|cost to solar power your home|solar cell panels|cost of solar panels and installation|solar system installation for home|solar panels for your house|solar panel for house electricity|solar power solar energy|solar pro solar panels|solar powered|cost solar panel|price on solar panels for your home|best solar installation|best solar panels for residential|solar panel on roof cost|solar power system for house|solar prices|solar panel retailers near me|12 solar panels cost|solar powered panels for houses|best way to use solar power at home|a solar panel on the roof of a house|purpose of solar panels|solar power solar power|the purpose of solar panels|buy solar panels near me|free solar installation|no 1 solar panel|solar energy things|solar system panel installation|solar cell solar panel|solar panel new|25 year warranty solar panels|adding solar to home|affordable solar energy|production cost of solar panels|solar panel requirements for home|pv panel|solar panel for home near me|price of photovoltaic panels over time|solar panel installation design|warranty on solar panels|solar panels reviews|benefit of solar panels|solar power is|solar installation notes|solar panel i|solar panel profile|youtube solar panel installation|article about solar panel|solar energy solar power|buying solar panels for your home|add solar to house|information on solar|solar for home electricity|solar panel report|the downside of solar panels|solar energy and solar panels|solar residential systems|advantages of solar panels on roofs|solar system residential cost|solar panel sunpower|benefits of solar panels on house|solar power system installation cost|cost of house solar panels|solar installation warranty|solar pv benefits|solar panels for residential home|get solar power|free home solar panels|solar cell installation cost|pv installers|solar panels location|cost of solar energy installation|power solar system|solar energy cost for home|solar panel shopping|best residential solar power system|news on solar panels|solar power for your home|cost of getting solar panels|solar panel pr|solar power for house cost|solar pv installation|benefits of residential solar panels|solar panel turkey|solar panels today|solar panel installation reviews|home solar panel system cost|solar panels system cost|sunpower system cost|benefits of buying solar panels|best solar panels for residential homes|solar for your home|solar panels albuquerque cost|solar pv installation cost|home solar panels reviews|solarenery|cost of solar panel for home|home roof solar panels|news solar power|30 solar panels cost|best residential solar system|price of solar panels 2019|solar panel fitting video|sun powered|rate of solar panel|solar panel system|solar panel home installation cost|sunpower solar panels price south africa|power solar cell|solar solar power|buy solar power|best place for solar panels|compare solar power systems|putting solar panels on your house|solar panel roof installation cost|solar power cost|downside of solar panels|solar panels for house roof cost|cheap solar panels for home|residential solar energy systems|solar panels not on roof|sun power pv|panel power|solar panel home system|solar panels electricity savings|solar sun solar panels|home solar energy systems|solar panels production|solar power in|solar system for the house|sun energy panels|compare solar panels|pv panel roof|solar panel costs 2019|solar panel notes|the real cost of solar panels|home solar reviews|powered by solar energy|real cost of solar panels|solar pv roof|new solar power|solar panels residential cost|solar panel power system|panel solar energy|sa solar panels|founder of solar panel|cost to add more solar panels|solar pv panel|6 solar panels|pnm renewable energy|solar system for home near me|solar panel 1|news on solar energy|cheap solar power system|cost of solar panels 2019|solar power service|cost of solar power system|solar panels shops near me|save money with solar panels|solar system cost for home|home power solar systems|cost of a solar cell|solar panel installation video|solar system for home electricity|solar installation design|system solar panel|a solar power|in roof pv panels|low cost solar system|solar panel cost by year|1 solar panel|9 solar panels|house of solar|solar power image|solar panel roof design|the solar installation company reviews|install solar panels to reduce the electricity bill|solar cell roof|cost of 1 solar panel|no cost solar panels|solar panels on home worth it|sun panel solar panels|buy solar|solar power for|buy solar pv panels|new solar energy|replacing solar panels|10 solar panels cost|22 solar panels|sunpower solar panels cost|power panel solar|paying for solar panels|8 solar panels|solar panels systems for your home|2 solar panels|solar home installation cost|solar panel cost savings|solar energy solar|solar panel costs over time|downside of solar power|pnm solar|solar power today|recycled solar panels for sale|things to know about solar panels|solar energy pro|residential solar power cost|the benefits of solar panels for homes|use solar panels as roof|3 solar panels|affordable solar panels for home use|solar panel installation quote|things to know about solar energy|solar energy rate|26 solar panels|cost of a solar system for a house|20 solar panels cost|solar installation cost|solar sun power|pros of solar|solar design installation|solar power for a house|sunpower solar power|requirements for solar panels|solar panels in new mexico|own solar panels|solar system on house roof|free solar panels albuquerque|solar system to home|best solar panels for your home|solar cell panel working|solar residential cost|solar pvs|affordable solar power systems|solar panels pros|school with solar panels|solar energy 2018|solar power rate|sun power electric|up solar panel|top solar installers|roof pv|the truth about solar panels|roof and solar panels|roof solar power|solar cost|solar panels cheap|solar power energy|buy solar panel system for home|solar system check|solar panels best deals|power solar energy|pv system installation|home solar project|solar panel plan|solar panels free installation|cost of solar for a home|electricity by solar energy|power from solar panels|solar panels discount|solar panels for buildings|buy solar energy|solar for house cost|sunpower solar energy|10kw pv system|home solar pv system|solar panel sales|solar cell rate|solar panels worth it|tax exemption for solar power|solar panels increase property tax|taxes on solar panels|solar tax|tax incentives for solar panels|