Solar Panels in New Mexico thrive in the Land of Enchantment, which boasts over 300 days of sunshine annually. This makes New Mexico one of the most solar-friendly states in the nation, with both climate and incentives supporting adoption.
Cost of solar panels in New Mexico
Home solar systems generally cost $12,000 to $21,000 before incentives. Average cost per watt is $2.4–2.7. A home consuming 900–1,200 kWh monthly usually installs a 5–7 kW system.
Incentives and programs
New Mexico supports solar with multiple incentives:
- Federal Solar Tax Credit (30%).
- New Mexico Solar Market Development Tax Credit: up to 10% of system cost, capped at $6,000.
- Property tax exemption for solar installations.
Net metering in New Mexico
Utilities must provide net metering for systems up to 80 MW. Excess generation is credited at retail rates, rolling forward monthly.
Payback and ROI
Because of strong sun and incentives, payback times are short — 7–9 years. Lifetime savings often exceed $30,000–$40,000.
FAQ
How much do Aptos panels cost in New Mexico? Around $2.5 per watt.
Are there state incentives? Yes — 10% tax credit plus exemptions.
Is New Mexico good for solar? Absolutely — near-perfect sunshine.
How long do Aptos panels last? 25+ years.
Conclusion
New Mexico is one of the best states for solar. With generous incentives and abundant sunlight, Aptos panels maximize ROI while providing reliable clean energy.