Both the Public Service Company of New Mexico (PNM) and the New Mexico Gas Company offer rebates for various residential and commercial energy efficiency installations:
New Mexico Gas Company Rebates
The federal government offers a 30% tax credit on the purchase of renewable energy systems like solar panels. Businesses may be eligible for a direct payment in lieu of a tax credit as directed at the U.S. Treasury Department's website
The State of New Mexico offers an additional 10% tax credit
on these systems.
In addition, residents and businesses are eligible for a number of other federal tax breaks
for energy efficiency projects and the purchase of hybrid and electric vehicles.
PNM offers a payment for electricity generated from solar photovoltaic systems. Find out more at: PNM's website.