Home › New Mexico › Incentives
New Mexico Solar Incentives & Tax Credits
Every solar incentive available to New Mexico homeowners in 2026.
30%
Federal Investment Tax Credit (ITC)
The Residential Clean Energy Credit lets you claim 30% of your total solar installation cost as a credit against your federal income taxes. On a $16,785 system, that's a $5,035 credit.
- ✅ No dollar cap — applies to full system cost including installation
- ✅ Available through December 31, 2032
- ✅ Unused credit can carry forward to future tax years
- ✅ Applies to batteries added at the same time as solar
$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 →