Las Cruces Solar Panels and Sunshine
The city of Las Cruces has a rich history dating back to the mid 1800’s. With high temperatures in the summer from direct sunlight coupled with little natural shade, the settlers had to use natural resources to combat the heat. Today, Las Cruces is ideally situated for solar energy as it enjoys 350 days of sunshine. Compared to other New Mexico cities, Las Cruces homeowners have a unique opportunity to receive the most savings from their solar panels. With Las Cruces solar panels, residents can enjoy all that sunshine, pocket the savings, and enjoy the clean energy affecting their communities.
Solar power systems do a few things- first, they give you great savings by reducing your monthly electricity bill. Secondly, solar panels protect you from rising rates from the utility company and you can get credited for the surplus of electricity you produce form your own roof. Thirdly, Las Cruces solar panels are a low maintenance investment that will last for decades. With our 25 year warranties, our $0 financing options available, and the 30% Federal Tax Credit, there’s no better time to go green in Las Cruces, New Mexico.
- 30% Federal Solar Tax Credit
- Sustainable Building Tax Credit
- Net Metering
- RECs for Las Cruces
- Property Tax Exemption
- Sales Tax Exemption
Getting Las Cruces Solar Panels with the Federal Solar Tax Credit
You may have read about this generous tax credit before if you’ve explored some of our other webpages. If you purchase your solar panel system yourself, either with a solar loan or outright, you are eligible for this tax credit. The federal solar tax credit gives new solar owners 30% off the total cost of their system in tax credits. Imagine you’ve purchased a solar panel system and the total cost was $12,000. You would get a $3,600 tax credit to help you pay for it. And if you don’t use all the credits that first, year, the remainder rolls over to the next.
However, 2019 is the last year to receive the full 30%. Starting January 1st, 2020, it’s reduced to a 26% tax credit. That’s pretty good, but not as good as 30%. Act quickly if you want to use the full 30% Federal Solar Tax Credit for your Las Cruces solar panels.
The Sustainable Building Tax Credit for Las Cruces, New Mexico
The state of New Mexico is very invested in going green. As a result, it has put incentives in place to encourage people to go green as well. The Sustainable Building Tax Credit is one of them. This program helps those who want to build an energy efficient home or business by providing a tax credit to help cover the costs.
The tax credits are tiered according to the size of the building. There are also other requirements that must be met for eligibility.
The building must be certified the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system.
The building must be certified by either
2) the Build Green New Mexico rating system.
ENERGY STAR manufactured homes are also eligible for this tax credit.
To learn more about this incentive, visit the New Mexico Energy, Minerals and Natural Resources Department webpage.
Net Metering for Las Cruces Solar Panels
For those who want to get the most out of their Las Cruces solar panel systems, look into net metering. With this program, excess energy produced by your solar panels will be sent to your utility grid. Your utility company will then credit your account with the amount they produced, giving you an even lower electric bill.
El Paso Electric currently provides electricity to the city of Las Cruces, New Mexico. It also offers net metering to customers who have installed solar panels. They have three different tiers for interconnection depending upon the size of the solar panel system in question.
Solar Panel System Size
Systems of 10kW or less.
Systems of greater than 10kW, and less than 100 kW.
Systems of greater than 100 kW, and up to 10 MW.
To see specification on the Net Metering rates for interconnected solar panel systems, please consult El Paso Electric Co. Notice No. 263.
Las Cruces, New Mexico Solar RECs
RECs, which is short for Renewable Energy Certificates, are becoming more common throughout the US. An REC is given to the owner of a solar panel system owner when their system produces 1 MWh. Utility companies will then purchase these RECs from you. These RECs will be used to show that the company is complying with state mandates on required renewable energy generation.
Currently, El Paso Electric will purchase RECs from their customers at the prevailing market prices. It is also based on the Tier price that was in effect that the time the REC Application was received. You can read more about their REC policies here.
Property Tax Exemption for Las Cruces Solar Panels
For those living in Las Cruces, New Mexico, there’s an added benefit of going solar. Your solar panel installation will raise your home’s value, which is a great thing. But in some places, this may cause the property tax to go up as well.
Don’t worry- the state of New Mexico has made all solar installations property tax exempt. You can purchase and install your panels without having to pay extra in property taxes. Just one more reason to get Las Cruces solar panels.
Las Cruces Solar Sales Tax Exemption
In the long run, solar panels save money by producing electricity, reducing your energy costs. But you can also save some money in the short term as well. When you purchase solar panels in Las Cruces, you will not have to pay sales tax on them. That means that right off the bat, you’re saving quite a bit that you would have had to pay otherwise.
Sunpro Solar, Las Cruces Solar Company
When you look for a solar installation company, you want one that’s dependable, honest, and reputable. You don’t need to look any further than Sunpro Solar for all of those things. Our installations are performed by experienced, NABCEP certified technicians. The materials for our installations come from high-quality brands such as LG and Silfab for our solar panels, and Enphase for our microinverters.
Each installation performed by Sunpro Solar also comes with our 25-year Labor Warranty, and our 25-year Production Guarantee. We also perform a free home energy audit to ensure that your home is energy efficient for increased savings.
Sunpro Solar performs solar installations throughout New Mexico, including Albuquerque, Santa Fe, and Carlsbad. To learn more, or to schedule your free, no-hassle consultation, simply contact us today!