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Are Solar Panels Worth It in New Mexico? Find Out & Save Big

Q: Are solar panels worth it in New Mexico?

Yes, solar panels are worth it in New Mexico. With abundant sunshine, homeowners can enjoy significant energy savings, environmental benefits, and potential increases in property value.

Q: Does New Mexico buy back solar energy?

Yes, New Mexico has a net metering policy, which allows homeowners with solar panels to sell excess electricity back to the grid. This program enables homeowners to receive credits on their utility bills for any surplus energy generated, effectively reducing overall energy costs and making solar energy more appealing.

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

Yes, a permit is required to install solar panels in New Mexico. Homeowners must obtain building and electrical permits from local authorities to ensure that the solar installation complies with safety and building codes. Professional solar installers typically handle the permitting process for homeowners.

Q: Is New Mexico good for off-grid living?

Yes, New Mexico is one of the top states for off-grid living, thanks to its sunny climate, which supports solar energy systems, and its relatively relaxed regulations regarding off-grid setups. With ample sunlight and renewable energy options like solar and wind, many residents can live sustainably off the grid in remote areas.

Q: What state is most solar-friendly?

California is widely regarded as the most solar-friendly state due to its extensive incentives, strong net metering policies, and abundant sunshine. Other top solar-friendly states include Arizona , Florida , Texas , and Nevada , which also offer favorable climates and incentives for solar energy adoption.

By Santiago Rivera | July 5, 2024 | 8 min read

Written by Santiago Rivera
Experto en Energía Solar

Updated September 30, 2024 | 8 min read

Curious about the value of solar panels in New Mexico? Look no more! In this article, we'll explore the fascinating realm of solar energy in the Land of Enchantment and address the important question: Are solar panels worth it in New Mexico?

Get a free Solar Savings quote to determine if solar panels are worth it for your unique circumstances. You'll receive information about the estimated cost of a personalized solar system and discover how to capitalize on New Mexico's solar incentives to save thousands on solar installation!

Get started with your NM Solar Savings quote!

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Are Solar Panels Worth it in New Mexico?

With its abundant sunshine and increasing interest in renewable energy, New Mexico is an excellent location for solar power. If you're wondering if solar panels are worth it in New Mexico, the answer is a resounding YES! Solar panels are worth it in New Mexico. By harnessing the sun's energy, you can save approximately 40% - 60% on your electricity bills compared to traditional sources, contribute to a greener environment, and even boost the value of your property.

Get a free quote for solar panels in your area and explore the exciting possibilities of solar energy in New Mexico!

The Benefits of Solar in The Land of Enchantment

Choosing solar power in New Mexico comes with fantastic advantages that make it a wise investment.

Savings: By switching to solar energy, New Mexico homeowners can enjoy significant savings, with an average reduction of 40% - 60% on their monthly energy bills.
Environmental Benefits: Solar energy is clean and renewable, allowing you to reduce your reliance on fossil fuels and contribute to a healthier planet for future generations.
Increase in Property Value: Installing solar panels can enhance the value of your New Mexico property. Studies indicate that solar-powered homes fetch higher prices in the real estate market, as buyers appreciate the long-term energy savings and environmentally friendly nature of solar energy systems.
Solar Incentives: New Mexico offers various solar incentives and programs to make going solar more affordable. Explore incentives like tax credits and rebates to maximize your savings and further enhance the value of solar in the state. Check out the complete list of New Mexico Solar Incentives here.

By transitioning to solar power in New Mexico, you can enjoy significant savings, contribute to a cleaner world, and increase the value of your property. Embrace solar energy to lower your energy costs, make a positive environmental impact, and add value to your New Mexico home or business.

Enter your zip code to see which New Mexico Solar Incentives you qualify for!

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The Downside of Solar Panels In New Mexico

While there are many benefits to going solar in the state, it's important to address common concerns and weigh the pros and cons. Here are a few things to consider:

Sunlight Dependence: Solar power relies on sunlight, and luckily, New Mexico enjoys plenty of sunny days. Even on cloudy days, solar panels can still generate electricity, although at a slightly reduced rate.
Limited Space: If you have limited roof space, you can still tap into solar power by utilizing your yard to increase solar potential and generate clean energy.
Upfront Costs: While upfront costs may be a consideration, New Mexico offers various programs and incentives to help homeowners offset or eliminate these expenses. Explore opportunities for financial assistance and learn how you can get solar panels installed for free in New Mexico.

By addressing these concerns, New Mexico homeowners can confidently evaluate whether solar panels are a suitable choice for them, considering the state's ample sunlight, alternative space options, and potential financial assistance.

The Cost of Solar Panels in New Mexico

The cost of solar panels in the state has significantly decreased over the past decade, making solar energy more affordable than ever before. With available solar incentives, homeowners can access financial assistance to further reduce the cost.

In New Mexico, the average cost of a medium-sized home solar system typically ranges between $11,000 and $15,000. However, by taking advantage of the solar incentives, homeowners have the potential to save thousands of dollars.

To get a clearer understanding of the costs specific to your home and to determine the potential savings, simply enter your zip code below. You'll receive a customized solar quote tailored to your specific needs, allowing you to explore the affordability and benefits of solar panels in New Mexico firsthand.

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Is Solar Worth It For You?

Going solar in New Mexico offers numerous benefits, including significant cost savings, environmental impact, and potential property value increase. So in all of our research and experience, It is worth going solar in New Mexico for most homes and businesses! However, every homeowner's situation is unique, and it's important to evaluate your specific needs and circumstances.

To explore if solar is worth it for you, we recommend getting a Solar Savings quote. This personalized quote will provide valuable insights into the cost of solar panels in your area, available solar incentives, and potential savings you can achieve by switching to solar. By getting a solar quote, you can make an informed decision and discover the full range of solar options tailored to your specific needs.

Get started with your free Solar Savings quote!

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Are solar panels worth it in New Mexico?

Does New Mexico buy back solar energy?

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

Is there a downside to having solar?

While solar panels offer numerous benefits, there are a few downsides to consider:

Upfront Costs: The initial installation can be expensive, although incentives and tax credits help reduce this burden.
Weather Dependence: Solar energy production can decrease during cloudy days or seasons with less sunlight.
Maintenance: Although minimal, solar panels require occasional cleaning and maintenance to ensure optimal performance.
Roof Suitability: Not all homes have roofs that are ideal for solar installations due to shading or roof condition. However, the long-term savings and environmental benefits typically outweigh these downsides for most homeowners.

Is New Mexico good for off-grid living?

What state is most solar-friendly?

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At EcoGen America, we take pride in the credibility of our information and ensure its accuracy by cross-referencing our data with esteemed institutions such as the U.S. Department of Energy (DOE), the Solar Energy Industries Association (SEIA), and the National Renewable Energy Laboratory (NREL). Our rigorous validation process underscores our commitment to delivering trustworthy and up-to-date solar content with editorial integrity. Our partners do not direct our editorial content. Learn more

Santiago Rivera

Santiago Rivera, nuestro experto en energía solar, ilumina el camino hacia un futuro más brillante con su experiencia cuantitativa en energía solar. Ya sea inmerso en paneles solares, saboreando diversas cocinas o bailando al ritmo de la salsa, Santiago comparte apasionadamente el resplandor solar, haciendo de cada día una aventura llena de sol.