Solar energy offers several benefits for homeowners in New Mexico. One of the significant advantages is the potential cost savings from generating electricity through solar panels. The state receives an abundant amount of sunshine throughout the year, making it an ideal location for harnessing solar power. By installing solar panels on their rooftops, homeowners can generate their own electricity and reduce their reliance on the traditional power grid. This can lead to substantial savings on monthly electricity bills over time. Additionally, New Mexico offers various financial incentives, such as tax credits and rebates, which can further reduce the upfront costs of installing solar panels, making it an even more affordable option for homeowners.
Moreover, solar power is a clean and renewable energy source, which has a positive impact on the environment. By opting for solar energy, homeowners can significantly reduce their carbon footprint. The use of solar panels does not generate greenhouse gas emissions or other harmful pollutants, unlike traditional energy sources like coal or natural gas. This contributes to improved air quality and a healthier environment for residents of New Mexico. Furthermore, switching to solar energy also helps in reducing the dependence on non-renewable resources like fossil fuels, which are finite and contribute to climate change. By embracing solar power, homeowners in New Mexico can play a role in promoting sustainability and protecting the planet for future generations.
A peak sun hour is an hour in the day when the intensity of the sunlight reaches an average of 1000 watts/meter².
State Homes Powered by Solar
Growth Projection: 3,054 MW over the next 5 years
At the most basic level, solar panels are devices that take in the sun’s rays and convert them into electricity or heat. Once the sun hits the panels, the energy is made into electricity. A solar inverter helps turn the electricity into power that can be used. The more panels you have on a roof, the more solar electricity you can produce! Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it in 97035.
There are 40 solar policies and incentives in the state of New Mexico. These incentives and tax credits help reduce the cost of solar panels in order to promote this source of renewable energy.
The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20 in New Mexico. More research shows that solar panels can add an average of $18,324 to the value of a medium-sized home.