3 Best Solar Companies in New Mexico (2024 Guide)
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New Mexico is a solar energy powerhouse. Thanks to the Solar Rights Act of 1977, solar energy is a property right in the state. There’s also no shortage of sunshine, whether you live in Las Cruces, Albuquerque, Santa Fe, Rio Rancho, or somewhere in between.
We have researched the best solar panel installers in the United States, analyzing services, pricing, warranties, and more. This guide breaks down the best solar companies in New Mexico.
Compare Solar Companies Across NM
New Mexico’s Top Solar Energy Companies
These are our top picks for the best solar installers in New Mexico.
Our Top Solar Company Picks for New Mexico
Learn more: Sunrun review
Note: In July 2024, SunPower notified dealers it would be halting all new shipments and project installations. The company also noted it would “no longer be supporting new Leases and PPA sales nor new project installations of these financing options.
What Are the Available Solar Incentives in New Mexico?
There are many statewide and federal incentives that reduce solar panel installation costs. Here are the current rebates and solar incentive programs for New Mexico residents.
The federal solar tax credit, or Solar Investment Tax Credit (ITC), provides a reduction on federal taxes equal to 30% of solar system installation costs. The ITC will drop to 26% in 2033 and lower to 22% in 2034. It’s set to expire in 2035.
Net metering allows you to collect credit on your energy bill for unused energy produced by your solar power system. Unused credits carry over month-to-month and are paid to you at the utility company’s energy rate if unused.
New Mexico’s Solar Rights Act established the right to use solar energy as a property right in 1977. This prevents neighboring property owners from building, planting, or installing anything that would block or restrict your access to sunlight. Though this isn’t a cashable incentive, it ensures your solar investment is protected and will continue to add property value to your home.
Most home improvements are taxable in New Mexico, but solar energy systems are an exception. This means you can add value to your home without increasing your property taxes.
Our Conclusion
We recommend Sunrun as the best solar panel installation company for homeowners in New Mexico. It is our top pick due to its flexible payment options, comprehensive protection, and for producing a highly efficient solar panel system. We recommend requesting a free quote from at least three companies on our list to compare pricing and services accurately.
Other New Mexico Home Service Resources
FAQ About Solar Companies in NM
Does New Mexico have a solar tax credit incentive?
Yes, New Mexico offers a state tax credit of 10%. This can be applied to purchasing your solar panel system and cannot exceed a credit of $6,000 per taxpayer annually.
How much do solar panels cost?
The average solar panel installation cost in New Mexico is $13,345–$18,055, or $2.67–$3.61 per watt.
Is New Mexico a good place for solar panels?
New Mexico is an excellent place for solar panels. There’s lots of sunshine, and the state offers great solar incentives.
How do solar panels help the environment?
Solar panels help the environment because they don’t produce greenhouse gasses. Using renewable energy from a photovoltaic (PV) system can reduce or replace traditional energy sources and decrease pollution.
Our Rating Methodology
We are committed to providing comprehensive and unbiased reviews to our readers. After over a thousand hours of research on solar companies, interviews with experts, and common customer needs, we’ve created a detailed rating system for solar providers based on six factors:
- Solar equipment, installation, and services (25%)
- Warranty and performance guarantees (25%)
- Brand reputation and certifications (15%)
- Financing options (15%)
- Experience (10%)
- Availability (10%)
Total scores are divided by 20 for a final 5-point rating scale.
To share feedback or ask a question about this article, send a note to our Reviews team at reviews@thisoldhousereviews.com.
