Solar Legislation, Policies & Incentives for Applications Large & Small
To promote the use of solar power, local, state, and federal government bodies often provide valuable incentives and rebates that can reduce the cost of a solar electric system by as much as 60%.
Federal incentives include:
30% Investment tax credit: The Federal Government offers a 30% corporate tax credit for those purchasing solar electric systems. Accelerated depreciation: While our solar modules are guaranteed for over 25 years, the Federal Government allows for solar electric systems to be treated as five year property for depreciation purposes. This provides added benefit to our customers upfront.
Federal Incentives for Renewables and Efficiency
State incentives include:
Several states offer incentives
for solar that help make the economics more
attractive. These incentives can take several forms,
including rebates, performance based incentives, tax
credits, and so on. For example, in California,
under the California Solar Initiative, companies can
earn a performance-based state incentive that
provides funding for each kilowatt-hour generated
over the entire first five years of a system’s life.
This has proven to be a very attractive program for
many commercial customers.
New Mexico Incentives: NM Governor's Policy Initiatives
New Mexico Solar Market Development Tax Credit
Arizona Incentives: Arizona Incentives for Renewables and Efficiency
Other Useful Downloads:
New Mexico Renewable Portfolio Standards (RPS) Ruling
Gallup/McKinley County NM Joint Resolution of Support with Gallup Solar
EERE Report on Energy Efficiency & Renewable Energy in NM
Enacting the New Mexico Renewable Energy Transmission Authority Act (N.M. House Bill 188, 2007)
For a comprehensive review of available incentives,
at both the state and federal levels, visit the
Database of State Incentives for Renewable Energy (DSIRE)
website.
Database of State Incentives for Renewable Energy (DSIRE)
website
