
Act Now!
New Mexico has several incentives that reduce commercial solar system costs, but none as significant as the REAP grant. Combined with New Mexico's other solar incentives, the USDA's 50% rebate on your solar energy system is one of the best incentives offered in the history of the solar industry. So take advantage of the USDA's REAP Grant in NM while it is still available. Fill out our interest form to get started!
Solar Incentives in New Mexico
New Mexico provides a 10% personal income tax credit (up to $6,000) for taxpayers that own a business or agricultural enterprise who purchase and install a solar system on their property.
New Mexico has a gross receipts tax structure for businesses instead of a sales tax, and 100% of gross receipts can be deducted for the sale and installation of solar energy systems.
Commercial building owners can participate in the Property-Assessed Clean Energy (PACE) financing program, which allows owners to borrow money to pay for energy improvements and pay it back over the useful life of the system, up to 20 years.
The REAP Grant is available in:
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