New Mexico

Find out how much you can save by going solar in the Land of Enchantment

Want to lead New Mexico's transition to solar energy?

New Mexico currently ranks in the top 10 states for both installed solar capacity and solar irradiance (sun exposure). From Santa Fe to Las Cruces, NM residents have been adopting solar with open arms. With solar prices having dropped over 50% since 2010, there couldn't be a better time to join the solar revolution.

In New Mexico, the high-priced utility power and some of the best sun in the country still make going solar very attractive. As with every other state in the U.S., residents are eligible for the Federal Investment Tax Credit (ITC). This means that you can realize substantial savings through solar ownership by deducting 26% of your system's price tag from what you owe Uncle Sam.

With all of savings you'll see from these incentives and a Dividend Finance solar loan, you won't be Breaking Bad… you'll be Breaking Bank.

Home Solar in New Mexico Is More Affordable than Ever Before

  • Federal Tax credit may be available
  • Sell Your Extra Production with Net Metering

What Our New Mexico Solar Customers Are Saying

We heard about Dividend Solar from an electrician. We went it because of its financing option and it's been great so far. Enrolling and working with them was really easy.Matthew | Silvercity, NM

Using Dividend Solar has been a great experience. I haven't had any problems at all.Jim | Silvercity, NM

How Going Solar in New Mexico Works

Step 1: Sign up online
Step 2: Talk to a solar specialist
Step 3: Check out your custom design
Step 4: Relax during installation
Step 5: Watch your savings grow


The savings potential from going solar in New Mexico can easily become a reality for you. Aside from saving money on your monthly electric bill, the other key incentive that helps solar ownership in New Mexico make sense is the federal Investment Tax Credit (ITC) available in all 50 states*. This credit, which is equal to 26% of your system cost, is applied to the federal taxes you owe each year, thereby lowering the net cost of your solar system. The ITC is a great benefit of going solar: money that you would otherwise pay in taxes can now be used to own your solar system sooner. It is important to note that you can only reap the benefits of the federal ITC if you own your system directly - it is not available to homeowners who opt for a third-party ownership model, such as a Solar Lease or Power Purchase Agreement. With a Dividend Finance solar loan, you own your system and you get all of the economic benefits of going solar in New Mexico.

*Dividend Finance does not provide tax or legal advice. Please consult your tax advisor for more information.

Need more information about going solar in New Mexico?

Tax credits, rebates and incentives may vary depending on circumstances. We do not provide tax advice and recommend you consult with your tax advisor for guidance.