Solar Companies in New Mexico
6.1 hrs/day
Peak Sun Hours
$0.13/kWh
Electricity Rate
$13,400
Avg. System Cost (6kW)
New Mexico boasts some of the best solar irradiance in the United States with over 6 peak sun hours daily across much of the Land of Enchantment. The state's high desert climate and clear skies create ideal conditions for solar energy production year-round.
New Mexico offers a 10% state solar tax credit up to $6,000, one of the more generous state credits in the country. Public Service Company of New Mexico (PNM) and El Paso Electric provide full retail net metering for residential solar customers. The state also exempts solar equipment from sales tax, and New Mexico's Energy Transition Act mandates 100% carbon-free electricity by 2045.
Albuquerque, Santa Fe, and Las Cruces are the leading residential solar markets. With outstanding sunshine, a strong state tax credit layered on top of the federal credit, and moderate electricity rates, New Mexico homeowners typically achieve payback periods of 7-10 years.
Solar Incentives in New Mexico
Federal ITC: 30% tax credit on total system cost (through 2032)
Net Metering: Full Retail
State Tax Credit: Yes
New Mexico offers a 10% state solar tax credit (up to $6,000), full retail net metering, and sales tax exemption for solar equipment.
City-level data for New Mexico coming soon. Check back as we expand our directory.