Solar incentives and tax credits available in Alamogordo, NM

Solar Incentives in Alamogordo, NM

Complete guide to solar tax credits, rebates, and incentive programs available to Alamogordo homeowners in 2026.

%

Federal Solar Investment Tax Credit (ITC)

30% of total system cost

Alamogordo homeowners can deduct 30% of the cost of installing a solar energy system from their federal taxes. This applies to all qualified solar installations in Alamogordo, NM.

New Mexico State Solar Incentives for Alamogordo Homeowners

New Mexico Solar Market Development Tax Credit

Tax Credit

New Mexico offers a state tax credit for solar energy system installations on residential properties.

10% of system cost, up to $6,000

Property Tax Exemption

Property Tax

Solar energy systems are exempt from property tax assessments in New Mexico.

100% property tax exemption

Sustainable Building Tax Credit

Tax Credit

Additional tax credits available for solar as part of sustainable building projects.

Varies based on project type

Net Metering in Alamogordo, NM

Available

New Mexico requires utilities to offer net metering for residential solar systems. Customers receive credits at the full retail rate for excess generation.

Solar Renewable Energy Credits (SRECs) in Alamogordo

Not Available

New Mexico does not have a traditional SREC market. The state's Energy Transition Act sets aggressive renewable energy targets but does not include residential SRECs.

Tax Exemptions in Alamogordo

Property Tax Exemption
Solar systems in Alamogordo are exempt from property tax assessment increases
Sales Tax Exemption
No sales tax exemption for solar equipment

How to Claim Solar Incentives in Alamogordo

  1. Install your solar system: Work with a qualified Alamogordo solar installer to design and install your system.
  2. Claim the federal ITC: File IRS Form 5695 with your federal tax return to claim the 30% tax credit.
  3. Apply for state programs: Contact your New Mexico energy office or local Alamogordo utility to apply for available incentives.
  4. Set up net metering: Contact your utility in Alamogordo to set up net metering and start earning credits.
  5. Keep records: Save all receipts, contracts, and permits for tax filing and warranty purposes.

Solar Incentives FAQ - Alamogordo, NM

Alamogordo homeowners can take advantage of the 30% federal solar tax credit, plus 3 state-level incentive programs, net metering. These incentives can reduce your total solar cost by 30-50%.

The 30% federal tax credit alone can save Alamogordo homeowners approximately $5.0k on a typical system. Combined with New Mexico state programs, total savings over 25 years can reach $38k or more.

New Mexico requires utilities to offer net metering for residential solar systems. Customers receive credits at the full retail rate for excess generation.

To claim the 30% federal ITC, Alamogordo homeowners need to file IRS Form 5695 with their annual tax return. The credit applies to the full cost of your solar system including equipment and installation. You must own the system (not lease it) to claim the credit.

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30%Federal Tax Credit
25+Year Savings
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