New Mexico Taxation and Revenue Department
New Mexico offers a state income tax credit equal to 10% of the installation cost of a residential solar photovoltaic system, up to $12,000. This credit is in addition to the 30% federal solar tax credit, making solar very affordable for New Mexico homeowners.
10% state tax credit on solar installation costs, maximum $12,000
Data last verified 2026-06-09. How we verify our data.
A grant-savvy contractor in Hobbs, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
You will likely need a contractor to apply
Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Hobbs early keeps your application moving.
Get matched with a contractorEach program sets its own contractor rules. Check the official program page for exact requirements.
Deadline: Available through 2027
Ask us. It is free, and a real person answers within a business day.
Email us about this programGrant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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