Solar Panels Your Home New Mexico

8 plus if you apply for new mexico s sustainable building tax credit program after certification from the u s.

Solar panels your home new mexico.

In the state of new mexico the average cost of solar panel installation ranges from 13 940 to 18 860. As of sep 2020 the average cost of solar panels in new mexico is 2 44 per watt making a typical 6000 watt 6 kw solar system 10 838 after claiming the 26 federal solar tax credit now available. Request a free quote. Green building council usgbc you could earn up to 6 50 per square foot of your home capping at 2 000 square feet.

As a new mexico home solar owner you re eligible for a federal solar tax credit 7 and a property tax exemption on the added home value from your system s cost. As of september 2020 the average solar panel cost in new mexico is 3 28 w given a solar panel system size of 5 kilowatts kw an average solar installation in new mexico ranges in cost from 13 940 to 18 860 with the average gross price for solar in new mexico coming in at 16 400 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives. 1 we recommend with a qualified tax professional before going solar. On a cost per watt w basis a solar panel installation in new mexico ranges in price from 2 79 to 3 77.

Getting a solar array for your new mexico home allows you to generate your own power. How long does it take to earn back your initial investment in solar panels. 2 you may also qualify for property tax exceptions and other state and local incentives.