Solar Panels in Carlsbad, New Mexico
Carlsbad, New Mexico has put itself on the map for a number of reasons. Those reasons include the history, the wonderful scenery, and the amazing Carlsbad Caverns National Park. Not only are there over a hundred caves there, but also a huge population of bats. But it’s not just lively in the caves. Carlsbad is also thriving above ground, and with all the sunshine it gets it’s no surprise why. One of the many ways the sun helps is by powering solar panels in Carlsbad, New Mexico.
Using solar energy is one of the best ways to save money, and residents of Carlsbad know it. Solar panels will take all that New Mexico sunlight, and transform it into clean electricity for your home. Not only do they save you money on your monthly utility bill, but they also help the Carlsbad scenery to stay beautiful and pristine. And with Sunpro Solar’s 25 year warranty and guarantee, you can be confidant that your solar panels in Carlsbad, New Mexico will keep your savings as healthy and green as the environment around you.
To help you go solar, there is an amazing 26% federal solar tax credit. There’s also state incentives to help you get your solar panel system. With all these great opportunities available, going solar has never been better.
- 26% Solar Tax Credit
- Net Metering
- Renewable Energy Certificates
- Sales Tax Exemption
- Property Tax Exemption
- Sustainable Building Tax Credit
The Federal Solar Tax Credit
If you want to go solar in Carlsbad, you need to check this out. The federal government has a fantastic incentive available for those who want to purchase a solar power system. From now through the end of 2020, you may receive a 26% tax credit to help you pay for your solar panel system. You will receive 26% of the cost of your solar panels back in tax credits. That’s including the cost of the installation itself.
So if your solar panel system was $18,000, you’d get $4,680 back in tax credits! That’s before you add any other incentives! But you will need to act fast! This generous federal tax credit will still be around past 2020, but will be slowly reduced before disappearing in 2022. At that point, commercial solar panels will be eligible for a 10% tax credit. However, there will be no tax credits for residential systems.
Net Metering for Solar Panels in Carlsbad, New Mexico
The state of New Mexico currently offers a statewide net metering program for its residents to take advantage of. It works like this: your solar panel system is hooked up to your utility’s electric grid. Any generated energy that you don’t use will then be sent to the grid. Your utility company will add credits to your account for every kilowatt hour that they receive from your solar panels. At the end of the month, those credits will be applied to your electric bill. So you’ll have to pay even less!
Currently, Xcel Energy provides electricity to Carlsbad, and also offers a net metering program to customers with solar panel systems.
All necessary documents are required before approval. The solar panel system must also receive an engineering review before interconnection.
If the solar panel system produces more energy in one month than is used by the customer’s home, the customer will receive payment for the excess.
New Mexico’s Renewable Energy Certificates
Renewable Energy Certificates (shortened to RECs) are a way for utility companies to show that they’re complying with state regulations on renewable energy usage. Currently, the state of New Mexico calls for 20% of its energy generation to come from renewable sources by 2020. Companies use RECs to satisfy these regulations.
For each 1 MWh your solar panel system produces, you will receive one REC. You can then sell the RECs produced by your system to Xcel Energy.
Sales Tax Exemption in Carlsbad
If you want to get solar panels in Carlsbad, New Mexico, you’re probably trying to figure out the total cost. But there’s a number you may be adding when you should be subtracting it instead.
The state of New Mexico knows that renewable energy is the future, and has waived the sales tax for solar panels. So if you want to go green in Carlsbad, you can avoid having to pay an extra 5% to 9% when you purchase your solar panels. But that’s only if you actually had to pay the sales tax, which you won’t have to in Carlsbad.
Solar Panel Property Tax Exemption
Your solar panel system will be a wonderful addition to your home, and will also add value to it. As if the electricity it produces for you isn’t enough, your solar array comes with other perks! Solar panels, on average, add up to $15,000 of value to the home they’re installed on. So if you ever need to move afterwards, you have that extra sellers power. Plus, homes with solar panels also tend to sell faster. But usually when you raise the value of your house, you also raise the amount of property taxes you may have.
But that is not the case here! That’s because solar panels in Carlsbad, New Mexico are totally exempt from property taxes! So when tax time comes around, it’s one thing you won’t have to worry about.
The Sustainable Building Tax Credit
The New Mexico state government wants to encourage energy efficiency. So they’ve instituted the Sustainable Building Tax Credit. If you plan to build your home or business, then you may want to check this out. If you build an energy efficient, sustainable building, you can receive a tax credit to help you do that. That way your home can be completely green, and you can also save on the costs.
Each building must meet certain requirements and guidelines to be eligible, and the tax credits are tiered.
Must be certified by either U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system, or Build Green New Mexico rating system. ENERGY STAR manufactured homes are eligible for the tax credit.
Must be certified by U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system.
Please visit the New Mexico Energy, Minerals and Natural Resources Department webpage to learn more about this incentive.Start Saving Today
Carlsbad Solar Company, Sunpro Solar
Sunpro Solar is a trusted solar panel installation company. Our first priority is the satisfaction of our customers, so we perform each job quickly, efficiently, and- most importantly- correctly. Our system arrays are designed to meet your needs and last for decades, and we are confident in our work.
Sunpro Solar stands apart from others in the industry by:
- Offering our 25-year Labor Warranty with each installation.
- Offering our 25-year Production Guarantee with each installation.
- 25 Year Solar Panel Manufacturer Warranty
- 25 Year Enphase Microinverter Warranty
- Using experienced, NABCEP certified solar installers.
- Using high-quality solar panels from brands like LG and Silfab Solar.
- Using Enphase microinverters for all our installations.
- Performing a FREE home energy audit to help you maximize energy efficiency.
Our solar experts are available to speak to you about any questions or concerns you may have. Contact us today to schedule your free, no hassle consultation today!