In general, here is what the federal government offers you to “go
(See the link below to find out what your state offers in the way of rebates and credits.)
The Energy Policy Act of 2005 (H.R. 6, Sec. 1335) establishes a 30% federal tax credit up to $2,000 for the purchase and installation of solar water heating or residential
photovoltaic (solar electric). An individual can take both a 30% credit up to the $2,000 cap for a photovoltaics system and
a 30% credit up to a separate $2,000 cap for a solar water heating system.
Solar water heating property
must be certified for performance by the Solar Rating Certification Corporation or a comparable entity endorsed by the government
of the State in which the property is installed. We only sell and install equipment that carries this certification. Note that the federal tax credit does not apply to solar water heating property for swimming pools or hot tubs.
To be eligible for the credit, a system must be "placed in service" or activated between January
1, 2006, and December 31, 2007. Expenditures with respect to the equipment are treated as made when the installation is placed
in service. The IRS will be issuing further guidance on claiming this credit, and this continues to evolve in federal law.
Tax Credits and Rebates by State
New Mexico offers a state rebate of up to $9,000.
Read more about New Mexico’s incentives here
To find out the many ways that other states may reward your decision to choose solar, click here