Currently, nearly half of American households and businesses are unable to use rooftop solar systems due to high costs of installation or…
Going solar in New Mexico
Solar energy is becoming a major player in New Mexico’s clean energy economy, generating clean electricity and creating new jobs. Recent investments in solar manufacturing and projects highlight the state’s supportive environment for solar and storage market growth, making going solar a highly rewarding choice for many residents.
New Mexico
*Data from SEIA.org as of Q2 2024
17
for total installed
solar capacity
57,004
Solar energy systems installed
2,824
MW
Total capacity of solar installed
662,022
Houses could be powered with this amount of solar
10.2
%
Overall percentage of New Mexico electricity is from solar
87
Solar companies are currently operating in New Mexico including 46 installers/developers
$4.5
billion
Overall solar investment in New Mexico
209.8
GW
Total solar capacity installed nationwide
5,137,576
Solar energy systems installed nationwide
43
%
Price decline over the last 10 years
Affordable Solar in 2024
Solar energy is becoming more affordable each day, bringing you closer to significant savings on your electricity bills. Numerous incentives and rebates can reduce the cost of solar by over 50% in some states, with a minimum reduction of 30% through the Federal Solar Tax Credit.
It is expected that about 450 GW new solar capacity will be installed over the next 10 years.
If you’re still unsure about going solar in your state, remember that solar systems have become much more affordable, with prices dropping by 43% over the last decade.
Today, solar energy generates more than 6% of the total electricity in the U.S., a significant increase from just a decade ago when it contributed less than 1%.
This growth represents more than a sixfold expansion in solar’s share of the energy mix.
To combat climate change, the solar industry has set an ambitious target of generating
30%
of the U.S. electricity supply from solar energy by
2030
Solar for Low-Income Families in New Mexico?
Along with solar initiatives like the Federal Solar Tax Credit, and local state incentives and rebates, the Solar for All program is a national initiative that aims to make solar energy more accessible and affordable for underserved communities.
It addresses financial barriers by offering grants, subsidies, and low-interest loans, and promotes community solar projects to benefit those who cannot install panels on their own roofs.
$7
billion
The approved grant for the Solar for All program as of 2024 equals $7 billion (according to United States Environmental Protection Agency), demonstrating the country’s commitment to ensuring that the benefits of solar energy are accessible to all, regardless of income or background.
Discover Solar Incentives in Your State
Looking for ways to make solar even more affordable in your state? Explore a variety of state-specific incentives, rebates, and programs that can significantly lower the cost of solar installation. Whether it’s tax credits, grants, or net metering policies, these initiatives can help you maximize your savings and make solar power a reality.
Take the first step toward a brighter, more sustainable future. Calculate your Potential Saving now!
Financing of Solar Systems
Don’t worry if you are confused about the upfront costs.
There are plenty of affordable ways to finance solar panel systems. One option is paying in cash, which often gives you the best value in the long run. But if that doesn’t work for you, there are solar loans and lease programs available to help you finance your solar energy system. Solar financial providers offer a range of options to make solar installation more affordable and accessible.
Zero-Down Financing
Start your solar journey with no upfront costs, paying for the system over time through monthly payments.
Solar Loans
Finance your solar system through a loan, allowing you to own the system while making manageable payments.
Power Purchase Agreements (PPAs)
Pay only for the electricity generated by your solar system without owning the system itself.
Solar Leases
Lease the solar panels for a fixed monthly fee, with the option to purchase the system later.
74 Financing providers are ready to help you with going solar in New Mexico
Find financing experts who can offer customized solar solutions to fit your budget and energy goals. Explore top-rated solar financing providers and take the first step toward affordable, clean energy solutions today!
Earthwave Renewables
21 Plaza Drive Suite D Travelers Rest, SC 29690 United States
ENSEMBLE BY CED
900 E. Business Center Drive Suite B Mount Prospect, IL 60056 United States
Advocate Solar
3360 S Wadsworth Blvd. Lakewood, CO 80227 United States
Project SunRize
Box 736 Wolfeboro, NH 03896 United States
Check Solar in Other States
Curious about how solar energy can benefit you in different states? Click to explore solar details beyond your current location. Learn about state-specific solar programs, incentives, installation costs, and overall solar benefits across the U.S.!
Knowledge base
Find everything you need to know about solar in your state and nationwide
Solar for Low-Income Families
Read more ->: Solar for Low-Income FamiliesAccess to solar energy is about more than just panels; it’s about empowering all communities to thrive. Through financial aid, community initiatives,…
Transparency in Solar
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What is Community Solar?
Read more ->: What is Community Solar?Unlock the power of community solar by subscribing to a share of a nearby solar farm. With no need for on-site installation,…
Solar Loans: An Attractive Financing Option
Read more ->: Solar Loans: An Attractive Financing OptionNavigate the complexities of solar financing with our guide to solar loans.
Solar for Low-Income Families
Read more ->: Solar for Low-Income FamiliesAccess to solar energy is about more than just panels; it’s about…
Transparency in Solar
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Solar Loans: An Attractive Financing Option
Read more ->: Solar Loans: An Attractive Financing OptionNavigate the complexities of solar financing with our guide to solar loans.
Choosing a Solar Installer
Choosing a solar installer wisely is crucial for several reasons:
Quality of Installation
The performance and longevity of your solar system heavily depend on how well it’s installed. A poor installation can lead to inefficiencies, electrical issues, or even safety hazards. A skilled installer ensures that the panels are properly positioned, securely mounted, and connected to your home’s electrical system correctly.
Maximizing Efficiency
Experienced solar installers can help maximize your system’s energy production by properly assessing your roof’s orientation, shading, and pitch. Poorly placed panels can reduce efficiency by not capturing the maximum amount of sunlight.
Warranty and Support
Reputable installers offer warranties on both their workmanship and the equipment they install. If you choose a subpar installer, you might not get sufficient post-installation support, making it difficult to address any issues that arise with your solar system.
Compliance with Local Regulations
Solar installations require permits and must comply with local building codes and safety standards. A qualified installer will navigate these regulations on your behalf, ensuring your system meets all legal requirements and is safely connected to the grid.
Access to Incentives
Many rebates, tax credits, and other solar incentives require installation by a certified professional. A licensed installer ensures you qualify for these benefits, which can significantly reduce the cost of your solar system.
“In short, selecting the right installer ensures the efficiency, safety, and durability of your solar system while also helping you take full advantage of any available incentives.”
74 solar installers are currently operating in New Mexico
Find experts who can provide tailored solar solutions to meet your unique energy needs. View the top-rated solar providers and get started on your journey to cleaner, cost-effective energy today!
Landfill Solar Corp.
2 Chester Rd., Suite 303 Derry, NH 03038 United States
-
Earthwave Renewables
21 Plaza Drive Suite D Travelers Rest, SC 29690 United States
-
Advocate Solar
3360 S Wadsworth Blvd. Lakewood, CO 80227 United States
-
Project SunRize
Box 736 Wolfeboro, NH 03896 United States
Get a Quote
Discover the Ideal Solar System for Your Home in Just a Few Clicks!
News
EPA awards $156 million to boost solar access for low-income households in New Mexico
This grant is part of the EPA's broader $7 billion Solar for All initiative, which has awarded approximately $5.5 billion to 49…
New Mexico accepting applications for solar tax credits for those previously denied
This program is designed for New Mexico taxpayers who were denied a solar tax credit for the years 2020 through 2023 due…
US puts solar panels on old nuclear weapons sites for powering 70,000 homes
As part of a government program called Cleanup to Clean Energy, the Idaho National Laboratory, though never having hosted nuclear weapons itself,…
New US solar additions nudge 12GW in Q1
‘Massive growth’ in the utility-scale market is driving record deployment figures, says SEIA and Wood Mackenzie
US surpasses 5 million solar installations
The United States has officially surpassed 5 million solar installations, achieving this significant milestone just eight years after reaching 1 million installations…
Training Center for Homeowners
Take charge of your home’s energy with our Solar Training Center, designed specifically for homeowners. Whether you’re new to solar energy or looking to enhance your current setup, our courses cover everything from installation basics to advanced topics like energy storage and maximizing savings.
With expert guidance, you’ll learn how to navigate financing options, maintain your solar panels, and even understand tax incentives that can make going solar more affordable.
Ready to make your home more energy-efficient and sustainable?
Start learning today and unlock the full potential of solar energy.
FAQs
Is it worth going solar in 2024?
Yes, going solar in 2024 is worth it due to the combination of federal incentives, rising energy costs, improved technology, and environmental benefits. The savings on electricity bills, potential income from net metering, and the positive environmental impact make solar a smart investment for homeowners and businesses alike.
Which solar panels should I choose for my property?
As a property owner, you now have the freedom to tailor your solar panels, inverters, racking systems, and batteries, along with the overall look of the installation. This flexibility underscores the importance of understanding these various components. For instance, while premium solar panels may offer superior efficiencies and warranties, they typically come at a higher price. However, it’s essential to weigh whether high-efficiency panels, capable of generating more electricity, justify the investment based on your installation size. Additionally, your risk tolerance plays a role in determining the most suitable solar warranties for your needs. These considerations are just a snapshot of the many factors to evaluate when choosing solar panel equipment.
How much solar energy can I harness?
In addition to the power output of your chosen solar equipment, the amount of energy you generate depends on the sunlight reaching your panels. Several factors influence your solar electricity production, including shading and panel angle, which factor into your total production estimate. This assessment provides a reliable prediction of your solar installation’s energy output over time. Use our calculator to gauge potential savings based on factors like location and shading.
Learn More About Going Solar in 2024
Solar for Low-Income Families
Read more ->: Solar for Low-Income FamiliesAccess to solar energy is about more than just panels; it’s about empowering all communities to thrive. Through…
Transparency in Solar
Read more ->: Transparency in SolarDiscover how to navigate solar proposals, avoid industry pitfalls, and prioritize transparent pricing. Empower yourself with SolarWiki’s guide…
What is Community Solar?
Read more ->: What is Community Solar?Unlock the power of community solar by subscribing to a share of a nearby solar farm. With no…
Solar Loans: An Attractive Financing Option
Read more ->: Solar Loans: An Attractive Financing OptionNavigate the complexities of solar financing with our guide to solar loans.
Solar for Low-Income Families
Read more ->: Solar for Low-Income FamiliesAccess to solar energy is about more than just panels; it’s about…
Transparency in Solar
Read more ->: Transparency in SolarDiscover how to navigate solar proposals, avoid industry pitfalls, and prioritize transparent…
What is Community Solar?
Read more ->: What is Community Solar?Unlock the power of community solar by subscribing to a share of…
Solar Loans: An Attractive Financing Option
Read more ->: Solar Loans: An Attractive Financing OptionNavigate the complexities of solar financing with our guide to solar loans.
