New Mexico Solar Incentives & Rebates
Updated May 2026 • Federal + State Programs
New Mexico Incentive Summary
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Federal
30% Tax Credit (through 2032)
30% Tax Credit (through 2032)
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State Programs
Solar Tax Credit, Net Metering, Property Tax Exemption
Solar Tax Credit, Net Metering, Property Tax Exemption
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Programs Available
7 programs
7 programs
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Avg. Potential Savings
$2,900
$2,900
Federal Incentives (Available in New Mexico)
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Federal Solar Tax Credit (ITC)
Claim 30% of your total solar installation cost as a credit on your federal taxes. Available through 2032 with no maximum limit.
State & Local Programs
New Mexico offers the following key programs:
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Programs: State solar tax credit (up to $6,000), Net metering available, Property tax exemption
Visit DSIRE New Mexico page for the most up-to-date official information.
New Mexico Solar by the Numbers
30%
Federal Tax Credit
$2,900
Avg. Savings
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