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Free Solar Panels in New Mexico: Your Path to Energy Savings

Q: Does New Mexico buy back solar energy?

Yes, New Mexico has a net metering policy that allows homeowners with solar panels to sell excess energy back to the grid. Under this policy, you receive credits on your utility bill for the surplus electricity your solar system generates. These credits can be used to offset future energy costs, making solar panels even more financially appealing.

Q: What is the New Mexico Solar Act?

The New Mexico Solar Market Development Tax Credit , often referred to as the New Mexico Solar Act, is a state-level incentive designed to promote the adoption of solar energy systems. This program provides a tax credit of up to 10% of the cost of a solar energy system, with a maximum credit of $6,000 per system. It applies to both residential and small business installations. The Solar Act aims to make solar more affordable by reducing the overall cost of installation, thus encouraging more homeowners and businesses in New Mexico to switch to solar power.

By Stephen Kelly | December 12, 2024 | 7 min read

Written by Stephen Kelly
Solar Energy Expert

Updated December 13, 2024 | 7 min read

How To Get Free Solar Panels in New Mexico

New Mexico is one of the sunniest states in the United States, with an average of 300 sunny days per year. This makes it an ideal location for solar energy production. In recent years, many residents in the state have taken advantage of this natural resource by installing solar panels on their homes and businesses.

However, for many individuals and families, the cost of installing solar panels can be prohibitive. This is where the concept of free solar panels comes in.

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Free Solar Panels in New Mexico

Many homeowners and businesses in New Mexico are exploring ways to go solar without paying upfront costs. There are several options to obtain "free" solar panels, but each method comes with its own set of considerations. Here's a breakdown of the most common ways to access free solar panels in New Mexico.

1. Power Purchase Agreement (PPA)

One way to get free solar panels is through a Power Purchase Agreement (PPA). In this arrangement, a third-party solar company installs and maintains the panels on your property at no cost to you. In exchange, you agree to purchase your own solar electricity generated by the panels at a fixed rate. While you avoid the upfront cost of installation, it's important to note that the cost per kilowatt-hour (kWh) of solar energy may be higher than what you would pay from the grid.

Pros: No upfront costs; third-party handles maintenance.
Cons: Fixed rate for electricity may be higher than grid rates.

2. Solar Lease Agreement

Another option for free solar panels is a solar lease agreement. Similar to a PPA, a third-party company installs and maintains the solar panels. Instead of paying for the electricity, you pay a fixed monthly lease fee for the use of the panels. This can be a great choice for homeowners who don't want to handle the costs of installation or maintenance. However, the monthly lease fee could be more than the savings generated by the panels.

Pros: No upfront costs; predictable monthly payments.
Cons: Lease payments may offset savings from the solar panels.

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3. Community Solar Programs

For those who can't install solar panels on their own property, community solar programs offer another way to access free solar energy. In these programs, a group of individuals or businesses jointly funds the installation of a shared solar array on a communal property. Participants receive a portion of the electricity generated without having to pay for installation or maintenance. This option is ideal for people who rent or have properties unsuitable for solar panel system.

Pros: Shared costs; no installation required on your property.
Cons: The electricity rate might still be higher than traditional grid electricity.

4. Key Considerations

Before committing to any of these free solar options, it's essential to research the terms and conditions of the agreement. Each option comes with potential long-term financial implications, so it's crucial to understand the total average solar panel cost involved over time. Additionally, ensure that you're working with a reputable solar provider experienced in New Mexico's unique solar market.

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Get Started With Solar In New Mexico Today!

In conclusion, free solar panels in New Mexico are a great way for individuals and families to take advantage of the state's abundant solar resources without incurring the upfront costs of solar panel installation.

However, it is important to understand the terms and conditions of the agreement and to work with a reputable solar company before signing on. With the right approach, free solar panels can be a valuable investment for the future of your home or business.

Make the switch to solar and start saving!

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Can you get free solar panels in New Mexico?

Yes, you can access "free" solar panels in New Mexico through programs such as Power Purchase Agreements (PPAs), solar leases, or community solar initiatives.

While these programs cover the cost of installation and maintenance, homeowners typically pay for the electricity generated by the panels or a fixed lease fee, so it's important to understand the full financial implications before committing.

Are solar panels worth it in New Mexico?

Yes, solar panels are generally worth it in New Mexico. The state receives abundant sunshine, averaging more than 5 hours of peak sunlight per day, making solar energy a highly efficient option.

With federal and state incentives, including the 30% federal tax credit and potential local rebates, the long-term savings on energy costs can offset the initial investment, making solar a smart financial decision for many homeowners.

Do you need a permit for solar panels in New Mexico?

Yes, installing solar panels in New Mexico typically requires a permit. Homeowners need to obtain building and electrical permits from their local government before installation can proceed.

The permitting process ensures that the solar system meets safety and building codes. It's recommended to work with a professional solar installer who can help navigate the permitting requirements.

Does New Mexico buy back solar energy?

What is the New Mexico Solar Act?

The New Mexico Solar Market Development Tax Credit, often referred to as the New Mexico Solar Act, is a state-level incentive designed to promote the adoption of solar energy systems. This program provides a tax credit of up to 10% of the cost of a solar energy system, with a maximum credit of $6,000 per system.

It applies to both residential and small business installations. The Solar Act aims to make solar more affordable by reducing the overall cost of installation, thus encouraging more homeowners and businesses in New Mexico to switch to solar power.

Stephen Kelly

Stephen Kelly, luminary in the solar industry for over 10 years, stands as a respected author and frequent speaker at clean energy conferences throughout the United States. His commitment to America on clean energy positions him as a trusted authority driving positive change.