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New Mexico is the second sunniest state in the U.S. In fact, the Land of Enchantment sees more than 290 sunny days each year.1 With all this sunshine, going solar with a solar company in New Mexico like Sunrun makes sense, especially when you consider that our country’s grid doesn’t have the necessary strength to meet our electricity demands,2 and that the cost of home solar panels is plummeting.3
By switching to solar, you’ll have access to clean, affordable and reliable energy at home regardless of how high you have to crank on the AC during New Mexico’s hottest months. The National Weather Service (NWS) shows summer temperatures in cities such as Albuquerque may easily climb to 100 degrees or higher.4
As the nation’s largest residential solar, storage and energy services company,5 Sunrun has helped hundreds of thousands of households gain energy independence, have more energy security and reduce their carbon emissions for over a decade.
|Solar Savings Types||Value of Savings|
|Solar REC Purchase Programs||Varies depending on market value2|
|Sustainable Building Tax Credit Program||$6.50/Sqft up to 2000 sqft (Max $13,000 Tax Credit)3|
|Property Tax Exemption for Residential Solar Systems||Solar System Property Tax Exemption 4|
|Federal Solar Tax Credit||26% federal solar tax credit is available for home solar systems installed by December 31, 20226|
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
With BrightSave™ Monthly, our most popular solar plan, you can start creating your own clean, affordable, renewable energy at home for as little as $0 down with some of the best New Mexico solar panels on the market. BrightSave Monthly includes our industry-leading Sunrun Guarantee for 100% peace of mind, which gives you worry-free solar energy, monitoring, maintenance and insurance for 25 years.
With BrightSave™ Prepaid, you can lock in lower electric rates than what you pay your electric company with just one upfront payment. When you purchase your solar power upfront, BrightSave Prepaid gives you the ultimate value in solar and, it comes with our Sunrun Guarantee, too, so you can focus on more important things.
Interested in becoming a solar owner in the Land of Enchantment? You’ll be delighted to know that with Sunrun in New Mexico you can pay for your solar panels upfront with BrightBuy™ or, for $0 down and low, fixed monthly payments with BrightAdvantage™. Both solar plans let you own the panels and the power for life while building equity in your home.6
As a New Mexico home solar owner, you’re eligible for a federal solar tax credit7* and a property tax exemption on the added home value from your system’s cost.8 Plus, if you apply for New Mexico’s Sustainable Building Tax Credit Program, after certification from the U.S. Green Building Council (USGBC) you could earn up to $6.50 per square foot of your home — capping at 2,000 square feet. Meaning, you could earn as much as $13,000 in tax credits thanks to your purchased system.9
Also, if you’re a customer of El Paso Electric (EPE)10 or Public Service Company of New Mexico (PNM),11 you can earn cash for every kilowatt-hour of New Mexico solar energy your system creates based on market value, known as a Solar Renewable Energy Credits (SRECs).
In addition to the New Mexico solar tax credits, home solar installations in the state have an average payback time of 6.5 years.12 So with systems designed to last 30 years or longer, we’re sure you’ll be happy about being a solar owner for decades.
New Mexico’s Energy Transition Act (ETA) calls for 50% carbon-free electricity by 2030 and 100% by 2045.13 You can help New Mexico achieve this ambitious goal by choosing to control your home energy and reduce your carbon emissions with a solar company like Sunrun today.
When you want to talk about solar for your home, our team is here for you. Take the first step by requesting a free, personalized solar quote to check if Sunrun is a good match for you and your family’s energy needs. Together, we have the power to change New Mexico’s energy future.
*We recommend contacting a tax professional to accurately determine the impact of the federal solar tax credit on your taxes.