Home › New Mexico › Incentives
New Mexico Solar Incentives & Tax Credits
Every solar incentive available to New Mexico homeowners in 2026.
⚠️
Federal Tax Credit — Expired for Purchases
The 30% federal Residential Clean Energy Credit (Section 25D) expired on December 31, 2025. Homeowners who buy a system with cash or a loan in 2026 can no longer claim it — a $16,785 system that once carried a $5,036 credit now has none.
- ✅ Solar leases and PPAs can still capture a federal credit through 2027 — the installer claims it and lowers your monthly payment
- ✅ State incentives and net metering below still apply to purchased systems
- ✕ No federal credit for cash or financed purchases placed in service after Dec 31, 2025
$6,000
New Mexico State Incentive
New Mexico offers a 10% state tax credit up to $6,000.
Net Metering in New Mexico
New Mexico has Full Retail net metering. Your top utility, Public Service NM, credits you for excess solar power fed to the grid.
Policy Type
Full Retail
Electricity Rate
$0.128/kWh
Top Utility
Public Service NM
Utility Net Metering Policies in New Mexico
| Utility | Rate/kWh | Net Metering | Capacity Limit |
|---|---|---|---|
| Public Service NM | $0.128 | Full Retail | No overall limit |
Solar Savings Calculator
Instant estimate — no email required
$
Ready to Go Solar in New Mexico?
Get free quotes from licensed installers in your area. Compare prices and choose the best deal.
Get Free Quotes in New Mexico →