New Mexico

Solar & Net Metering Policy

Available

Net Metering

10% up to $6,000

State Tax Credit

30%

Federal ITC

Active

SREC Market

Full Policy Details

Net Metering AvailableYes

Net Metering RateAvoided cost for monthly net excess

State Tax Credit10% up to $6,000

Federal ITC (30%)Applies

SREC MarketActive

Utility RebatesNone

Property Tax ExemptionYes

Sales Tax ExemptionYes

Interconnection StandardPRC standardized rules

Net Metering Notes

Required for investor-owned utilities and rural electric cooperatives for systems up to 80 MW.

Tax Credit Details

New Solar Market Development Tax Credit.

SREC Market Details

Utilities purchase RECs to meet RPS compliance, though residential direct markets are limited.

Official Source

New Mexico Public Utility Commission

Last verified: 2026-03-24 · Always confirm current incentives before installing solar.