State of Solar in New Mexico 2018
You probably already know that New Mexico gets an overall grade of B and is considered a solar friendly state. This grade is based on NM solar incentives and utility policy. But you may not know that much of this state’s friendly solar policy is due to the work of REIA-NM. A couple of examples include property tax exemption, sales tax exemption, RPS, solar carve-out, net metering and interconnection agreements. Your business directly benefits from these policies. Much of our work seems invisible, mostly because of the issues solar companies do not need to face, like the elimination of net metering and the implementation of solar tariffs.
While New Mexico ranks close to last in the nation on other issues, Renewable Energy Policy puts us near the top, currently ranked 14. The state’s position dropped a few spots with the expiration of the state solar tax credit, but through the hard work of REIA-NM, we will support efforts to renew that tax in 2019 to help reduce costs for customers who want to invest in distributed solar.
Please contact us to see how you can help keep New Mexico a great state to have a solar business.