Does New Mexico have a state solar tax credit?

Yes, New Mexico offers a state tax credit of 10%.

State Guide

Solar Incentives in New Mexico

Tax credits, net metering, rebates, and payback estimates for solar in New Mexico.

Data last updated: July 25, 2026

Incentive Summary

Federal ITC	30% (through 2032)
State Tax Credit	10% (New Mexico)
Net Metering	Full retail net metering
Rebates	None statewide

Note: State tax credit 10% up to $6,000. Solar sales tax exemption.

Cities in New Mexico

Albuquerque, NM

5.71 peak sun hrs · $0.138/kWh

Is Solar Worth It in New Mexico?

Payback depends on your local electricity rate, solar resource, and available incentives. New Mexico has strong solar potential with 5.71 peak sun hours in Albuquerque, NM. Use the city-specific calculators for precise estimates.