As a front runner in solar energy, New Mexico is the gold standard for solar system incentives. The main form of benefits comes from tax write offs and exemptions with the most lucrative incentive being the New Solar Market Development Income Tax. This economic incentive allows homeowners to get a 10% credit for home solar systems with a maximum tax reduction of $6,000. Other state specific incentives that can be leveraged by homeowners include the Solar Energy System Property Tax Exemption and the Solar Sales Tax Exemption. These can make your home exempted from the property tax increase from adding a rooftop solar system and can eliminate the sales tax, given that the proper steps are followed by the homeowner.
Installing a solar system will increase your property value, but you won't pay extra taxes for it. The Renewable Energy Property Tax Exemption guarantees that any new solar energy system installed in New Mexico is exempt from your property tax assessment.
The New Mexico tax credit is based upon ten percent of the solar system value and is available for solar thermal and photovoltaic solar systems. The maximum tax credit per taxpayer per year is $6,000.
Looking past the financially beneficial Arizona state solar incentives, the federal government passed legislation making solar much more affordable. In 2022 a bill was passed reducing the price of residential solar systems by 30% until 2032. With all of that being said our team of experts has found that solar is much more accessible than homeowners think. Schedule a free solar consultation and see how much you could save with a personalized quote from our solar incentives experts.
The potential for solar power in New Mexico is endless. Ranking in the top 10 sunniest states there is no mistaking the sun as a great resource for homeowners. While being a valuable source for solar energy, the heat causes an inherent problem for any electronic device. Solar panels can see reduced performance when the weather is too hot, this is why we at Infinity Solar USA have created strategic partnerships with Silfab, one of the highest quality solar panel manufacturers, to ensure homeowners receive the best solar panels on the market. Homeowners can be confident in the performance of their modern solar panels. Energy prices continue to rise while consumption stays the same. Paying more for an equal amount of energy is not in anyone's budget plan, this is why the best company in New Mexico is helping you make the easy decision to cut your power bill. To understand how you can erase your energy bill speak with our solar experts.
The switch to solar can be full of unknowns, and as the best solar company in New Mexico we understand that. Our team of entirely in house solar installation experts are here to help you make your choice to go solar as informed as possible. To see if solar is the right choice for you, speak with one of our solar incentives experts and get a personalized quote.
This company was a pleasure to work with.
I worked with Andres Diaz and he helped me every step of the way from planning what works for my house, to pricing, and was even there on install day. Andres always followed up and was always available.
Worked with a few of the solar sales people. Very up front, professional, and organized!
I was delighted to work with the owner and his fine installation crew.
Infinity solar group made it so easy to go solar.
Their team was so professional and great to work with. I would recommend this company to anyone that is interested In going solar. You won’t find a better deal and team to work with around!
Install finished yesterday and the crew did a great job. They were very respectful and hard working. Scheduling was the tough part but we were able to figure it out and get it done. Looking forward to saving with Solar and not having those expensive electric bills in Texas.
Tyler Pellum was very informed and responsive. I had some issues getting the local electric company out to finish up, and both Tyler and AJ were great at getting things going. Seems like a great system, since it just got started time will tell, but the company is very good at responding to questions so expecting it to work great!
My experience with Infinity Solar USA was great. The install was done in one day with all the installers helpful and courteous. The electrician went out of his way to make sure the appearance and interconnect was as good as possible. The system solar panels and conduit interconnect are totally hidden when viewed from the front of the house and in fact you have to climb the slope in the back of my property to see anything at all. I am looking forward to many years of service from this solar power system. I highly recommend this company and would do business with them again.