Note: The New Mexico state legislature did not extend this tax credit in 2016. The credit will officially expire on December 31, 2016, but the total credit allocation is expected to reach its cap by the end of July 2016. You can check this website to track the amount of credit remaining.
New Mexico provides a 10% personal income tax credit (up to $9,000) for individuals, sole proprietorship businesses (or one that is required or allowed to elect to file taxes using IRS Form 1040), and agricultural enterprises who purchase and install certified photovoltaic (PV) and solar thermal systems. Eligible systems include grid-tied commercial PV systems, off-grid and grid-tied residential PV systems, and (active) solar hot water or hot air systems. To be eligible, systems must first be certified by the New Mexico Energy, Minerals and Natural Resources Department. Note that solar pool or hot tub heaters are not eligible for this tax credit. A taxpayer who installs a PV system and a solar thermal system may be eligible to receive a separate tax credit up to $9,000 for each system.
Credits may be carried forward for a maximum of 10 taxable years until fully expended. Aggregate credit levels are capped annually at $2,000,000 for solar thermal and $3,000,000 for PV systems.
These tax credits are set to expire December 31, 2016.
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One of our mottos is “Think Globally, Shop Locally”.Knowing where the money you spend goes makes a difference and we spend it here where we live.
Out-of-Town contractors don’t share the same zip code as you and often times have a troublesome time responding to your service calls.
Ocotillo Solar is owned and operated out of Albuquerque NM, we are here when you need us.
Low Cost Installation
Offering some of the lowest prices in the SouthWest, Ocotillo Solar Electric is matching quality with low-cost.
Our Low Prices matched with great Federal and State Incentives of 40% and more, means that is has never been more affordable to own your Energy and save $$ for the next 50 years.
Please call or email and we can show what it feels like to get great service at a great price.
High Quality Products
Ocotillo Solar Electric is partnered up with some of the oldest and most well known distributors and suppliers of Top-tier Solar Products in the industry. What does that mean to You? It means, that you have access to the most reliable solar products with industry leading warrantiesat a low-price to you. Want to hear more? Send us an email and we’ll show you low.
Experience You Can Trust
WE KNOW SOLAR! Our experience stretches over a decade and with over hundreds of residential installations and MegaWatts of solar panels installed, you can trust Ocotillo Solar Electric to design and install a code-compliant Solar PV system according to all the newest Solar industry practices. In only a few short days, you can on the quick path to enjoying your Financial and Energy Independence for many years to come.
In a few easy steps you can be on your way to Saving THOUSANDS of Dollars on a Solar PV System. Give us a call or send us an email Today!