Taking solar in New Mexico to new heights

New Mexico goes solar with SunPower^®

Taking solar in the Southwest to new heights

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The state of solar power in New Mexico

The New Mexico flag features a golden yellow field with a red Zia sun emblazoned in the center. With over 310 days of sunshine per year, it's not surprising that the people of New Mexico have celebrated the sun on their state symbols.

This astounding number of sunny days per year makes New Mexico an ideal place for renewable energy production - particularly solar. In fact, the state is ranked second in the nation for potential solar energy production.

How much solar power does New Mexico produce?

The New Mexico State Land Office currently manages over 9 million acres of land used for the production of solar energy. Their Renewable Portfolio Standard, enacted in 2004, requires that 20% of New Mexico's power comes from renewable energy sources by 2020.

According to the Solar Energy Industries Association (SEIA), New Mexico currently powers 210,090 homes with solar energy and derives 4.49% of the state's electricity from solar sources.

Is solar feasible in New Mexico?

SEIA reports that New Mexico currently ranks 17th in the U.S. for the number of solar installations in 2019, up from 21st in 2018. The New Mexico State Land Office has a plan to increase the amount of solar energy harvested in the state.

In fact, Land Commissioner Stephanie Garcia Richard, a long-time supporter of increased investments in sustainable energy, created the first-ever Office of Renewable Energy within the state. This new office will provide further support for renewable energy programs, allowing wind and solar power to play a more significant role in energy production.

What legal considerations affect solar power in New Mexico?

New Mexico flag

As mentioned above, some consumers who purchase solar panels in New Mexico can take advantage of the federal solar investment tax credit.* This policy gives home and business owners a 30% credit on residential and commercial properties with a solar panel system installed.

Additionally, New Mexico offers several state-based incentives.* The net metering policy allows you to store credits for any energy your panels create that you don't use. You may also be able to take exemptions from property taxes for the value of your solar install. New Mexico is working hard to incentivize homeowners to embrace the power of the sun.

The state also has a Sustainable Building Tax Credit Program for both residential and commercial buildings. You could earn from $6.50 to $9.00 per square foot if your home or business qualifies. Contact a certified dealer for more information on how you might be eligible for these money-saving incentives.

*. Incentives, rebates, and tax credits vary and are subject to change. SunPower does not warrant, guarantee or otherwise advise its customers about specific tax outcomes. Consult your tax advisor regarding the solar tax credit and how it applies to your specific circumstances. Please visit the dsireusa.org website for detailed solar policy information.
*. Incentives, rebates, and tax credits vary and are subject to change. SunPower does not warrant, guarantee or otherwise advise its customers about specific tax outcomes. Consult your tax advisor regarding the solar tax credit and how it applies to your specific circumstances. Please visit the dsireusa.org website for detailed solar policy information.

How can I start using solar In New Mexico?

There are many compelling reasons to embrace renewable energy in New Mexico. Homeowners can use our newly launched SunPower Design Studio to design a solar system customized to your home and location.

Our solar storage systems offer simple solar installations for your home or business. With four unique solar cell systems providing anywhere from 19% to 22.3% efficiency, different panel options for your most challenging builds, and residential and commercial storage systems, we've got an ideal build for your needs.

Find out just how much money we can save you with our Savings Calculator. Better yet, contact our solar panel experts for personalized assistance and a referral to a certified solar installer in your area.