Save Big with the New Mexico Solar Rebate
Switching to solar energy in New Mexico is smarter than ever—thanks to generous New Mexico solar rebate programs and federal incentives. At Solar SME , we help homeowners unlock these savings with expert guidance and local installation services. Why New Mexico is Ideal for Solar With over 280 sunny days per year and high electricity rates, New Mexico is one of the best states for solar. Homeowners can enjoy significant savings on energy bills while contributing to a greener future. Top Solar Rebates and Tax Credits in New Mexico 1. Federal Residential Clean Energy Credit: Get 30% off your total solar installation cost—including equipment, permits, and labor—when you claim this federal incentive on your tax return. 2. Solar Market Development Tax Credit (SMDTC): This state-level rebate offers 10% of your total system cost (up to $6,000) as a tax credit. You’ll need EMNRD approval to qualify. 3. Property Tax Exemption: Even though solar increases your home value, New Mexico ens...