Solar Panels in Truth or Consequences
Truth and Consequences, New Mexico is a town in the southern part of the state. In 1950 the town changed its name after the successful Truth or Consequences game show. This story has made the town a bit of a legend. A warm and sunny city, Truth and Consequences is the perfect state for residents make the switch to solar. Solar panels in Truth or Consequences are more affordable than ever and can save you from those high energy bills and keep this legendary city clean.
Electricity rates all over the U.S. are gradually increasing. That’s because the process of removing, refining, and using fossil fuels are becoming more expensive. Good news for Truth and Consequences homeowners, the cost of going solar is decreasing. And with solar panels in Truth or Consequences, you can protect your home from those high energy prices. You can enjoy great savings now and for decades to come. With the 30% Federal Solar Tax Credit, $0 down financing options, net metering, and Sunpro Solar’s 25 year warranties, there’s no better time to go solar in Truth and Consequences.
- 30% Federal Solar Tax Credit
- Sustainable Building Tax Credit
- Sales Tax Exemption
- Property Tax Exemption
- Net Metering
30% Federal Solar Tax Credit
If you’ve been looking into getting solar panels in Truth or Consequences, this should interest you. Essentially, the federal government will give you a tax credit worth 30% of the total cost of your solar panels. That includes the cost of installation. So if your solar panels cost, say $18,000, you would receive a tax credit worth $5,400. That brings the total cost of your solar panels down to $12,600. This incentive has helped a lot of people make the switch to solar panels.
However, while the tax credit itself is around until 2021, it’s reduced each year. Starting January 1st 2020, the tax credit is reduced to 26%, and then in 2021 to 22%. By 2022, only commercial buildings will be eligible for a 22% tax credit. So if you’d like to install solar panels in Truth or Consequences, now would be a good time to get a free in-home solar consultation.
The Sustainable Building Tax Credit
The state of New Mexico is incredibly interested in green energy. In fact, they’re so interested that they’ve recently passed a bill upping the states renewable energy goals to have the entire state running on 100% renewable energy by 2050. As a result, they have some very pro-solar programs in place, and one of them is the Sustainable Building Tax Credit.
Essentially, those who want to build an energy efficient home or business can take advantage of this tax credit to help cover the cost of construction. That way the owner of the building can have an easier time making energy efficient upgrades. So if you’d like to build a home with solar panels in Truth or Consequences, this is a great incentive to help you make the switch.
Some requirements must be met in order to qualify for eligibility. The tax credits are also tiered according to the building’s size.
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.
Sales Tax Exemption for Solar Panels in Truth or Consequences
When it comes to sales tax, most people don’t think twice about it, because it doesn’t add too much if you’re just buying groceries or going to the movies. But when it comes to large purchases, such as a car or solar panels, it can add a lot more onto the final price.
Currently the sales tax in Truth or Consequences is a little over 5%. That can add hundreds of dollars to the cost. But there’s no need to worry about it. That’s because the New Mexico state government has made solar panels exempt from the sales tax.
Property Tax Exemption for Solar Panels in Truth or Consequences
Another thing you don’t have to worry about is paying property tax on the increased home value. On average solar panels add $20 of value for every $1 they save you in electric bills. That’s pretty great, and on top of that you don’t have to pay a single dime on the added value. It’s just one more perk of getting solar panels in Truth or Consequence, New Mexico.
Net Metering for Solar Panels in Truth or Consequence
With net metering, any excess power your solar panels get from the sun that your home doesn’t use are sent to your utility grid. Your utility company will then credit your account for the amount of energy that they receive. You’re already saving money on your electric bill with your solar panels, and with net metering you save even more!
The state of New Mexico offers net metering throughout the state, including Truth or Consequences.
Trusted Solar Installation Company, Sunpro Solar
When it comes to installing solar panels in Truth or Consequences, you want to be certain that your solar installation company is one you can trust. We at Sunpro Solar refuse to offer anything less than the absolute best to our customers, from the materials we use to the customer service we provide.
- We use high-quality solar panel brands such as LG and Silfab Solar.
- We use only Enphase microinverters.
- We use NABCEP certified installers.
- Each solar installation comes with our 25-year Product Guarantee and Labor Warranty.
- 25 Year Solar Panel Manufacturer Warranty
- 25 Year Enphase Microinverter Warranty
- Along with your solar installation, we will also perform a free energy audit of your home to ensure the greatest savings for you.
Sunpro Solar is here to answer any questions you may have. Contact us today to learn more, or to schedule a free, no-hassle consultation to see if your home is right for solar.