Come join us at the Solar Fiesta

When: September 20-21, 2008, 10am-5pm
Where: Highland High School, Albuquerque, New Mexico map

For more information on the Fiesta, please visit the Solar Fiesta Home Page.

Special Appearance by Captain Solarian:


*Simulated picture. Actual appearance may vary. Please do not approach the Captain with any flammable or ignitable contents on your person. Doing so may result in personal injuries to yourself and those around you, which holds yourself liable in any accidental occurrences. The Captain reserves the right to NOT appear at all.

We Hope to See You There!

* * * * *


Below you will find some information that pertains to New Mexico State residents and business professionals. We hope you find this information helpful. Please relay this information with others.

Thank you,


asg logo

Buy Now & Start Living Like a Solarian

Request a free quote, speak with a Solarian, or start with our grid tie or off grid solar estimators.





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NEW MEXICO INCENTIVES

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NM Solar Tax credit

Reference: Click here for more info

Incentive Type: Personal Tax Credit

Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Photovoltaics, Solar Space Cooling Applicable Sectors: Commercial, Residential, Agricultural

Amount: 30% of purchase and installation costs, less any federal tax credit

Maximum Incentive: $9,000

Carryover Provisions: Maximum 10-year carryover

Eligible System Size: No limit



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NM Net Metering

Most locations in the state of New Mexico allow net metering. Please check with your local utility company.

PNM- Customer Solar PV Program

Reference: Click here for more info

Incentive Type: Production Incentive

Eligible Renewable/Other Technologies: Photovoltaics

Applicable Sectors: Commercial, Residential

Amount: $0.13/kWh for RECs through 2018 for ALL kWh that the system generates. This is in addition to net metering.  

Maximum Incentive: None specified

Terms: System must be 10 kW or less; must be a participant in PNM's net metering program. (PNM is currently drafting a revision of this program that may lift the 10kW system size cap.)



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Solar Energy Gross Receipts Tax Deduction

Reference: Click here for more info

Incentive Type: Sales Tax Exemption

Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics

Amount: 100% of gross receipts from sale and installation of solar energy systems

Website: Solar Gross Receipts Tax (GRT) Exemption



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FEDERAL INCENTIVES

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Federal Personal Tax Credit

Reference: Click here for more info

Incentive Type: Personal Tax Credit

Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Fuel Cells, Other Solar Electric Technologies

Applicable Sectors: Residential

Amount: 30%

Maximum Incentive: $2,000 for solar-electric systems and solar water-heating systems

Carryover Provisions: Excess credit may be carried forward to succeeding tax year.

Expiration: Systems must be in operation by December 31, 2008, to qualify.  


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Business Energy Tax Credit:

Reference: Click here for more info

Incentive Type: Corporate Tax Credit

Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Geothermal Electric, Fuel Cells, Solar Hybrid Lighting, Direct Use Geothermal, Microturbines.

Applicable Sectors: Commercial, Industrial

Amount: For equipment placed in service from January 1, 2006, until December 31, 2008, the credit is 30% (NOT CAPPED) for solar and solar hybrid lighting.

Authority 1: US Code 26 USC § 48

Authority 2: IRS Form 3468



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Modified Accelerated Cost-Recovery System (MACRS) + Bonus Depreciation

Reference: Click here for more info

Incentive Type: Corporate Depreciation

Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Renewable Transportation Fuels, Geothermal Electric, Fuel Cells, CHP/Cogeneration, Solar Hybrid Lighting, Direct Use Geothermal, Anaerobic Digestion, Microturbines

Applicable Sectors: Commercial, Industrial

Authority 1: 26 USC § 168

Authority 2: Economic Stimulus Act of 2008

Expiration: December 31, 2008



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Energy Efficient Mortgages

Reference: Click here for more info

Incentive Type: Federal Loan Program

Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Daylighting

Applicable Sectors: Residential

More info: Click here



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USDA Rural Energy for America Program (REAP) - Grants

Reference: Click here for more info

Incentive Type: Federal Grant Program

Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Hydroelectric, Renewable Transportation Fuels, Geothermal Electric, Geothermal Heat Pumps, CHP/Cogeneration, Hydrogen, Direct-Use Geothermal, Anaerobic Digestion, Small Hydroelectric, Tidal Energy, Wave Energy, Ocean Thermal, Renewable Fuels, Fuel Cells using Renewable Fuels, Microturbines

Applicable Sectors: Commercial, Schools, Local Government, State Government, Tribal Government, Rural Electric Cooperative, Agricultural, Public Power Entities

Amount: Varies

Max. Limit: 25% of project cost

Website: 2008 Farm Bill

Authority 1: 7 USC § 8106

Authority 2: Food, Conservation, and Energy Act of 2008 (H.R. 2419)



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USDA Rural Energy for America Program (REAP) - Loan Guarantees:

Reference: Click here for more info

Incentive Type: Federal Loan Program

Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Hydroelectric, Renewable Transportation Fuels, Geothermal Electric, Geothermal Heat Pumps, CHP/Cogeneration, Hydrogen, Direct-Use Geothermal, Anaerobic Digestion, Small Hydroelectric, Tidal Energy, Wave Energy, Ocean Thermal, Renewable Fuels, Fuel Cells using Renewable Fuels, Microturbines

Applicable Sectors: Commercial, Agricultural

Amount: Varies

Max. Limit: $25 million per loan guarantee

Website: 2008 Farm Bill

Authority 1: 7 USC § 8106

Authority 2: Food, Conservation, and Energy Act of 2008 (H.R. 2419)



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Thank you again. If you would like to see more information, take a look at a typical system configuration from the Affordable-Solar store here. sun icon- end of article