Solar Lighting Incentives in New Mexico

Whether traveling through the rust-red dusted mountains of Santa Fe or off for a morning of ballooning in Albuquerque, New Mexico lives up to the name “The Land of Enchantment.” The stunning landscape is illuminated by the high sun that shines down consistently year-round on New Mexicans both native and transplanted. One industry, in particular, has been taking advantage of the deluge of sunshine that bears down on its residents. Commercial outdoor solar lighting is booming in New Mexico, becoming a fast-growing sector for the state. By installing Greenshine solar lights you can immediately—and at almost any time of the year—start saving on your energy costs and join in on this growth.

In a land so rich in sunlight and scenic landscapes, the incentives to install outdoor solar lighting have been abundant. Federal Investment Tax Credits (ITC) can save you 30% on the cost of installing outdoor solar powered lights. Tax rebate and loan programs are also available, consult your local power company for more information. For those who belong to the 19 Pueblo communities, Navajo nation, or other reservations, Tribal Energy Programs are available to those who are eligible. Please consult your local Department of Energy for further rebate and saving opportunities.

Even with all these incentives to save on outdoor solar lighting, there are even more ways to keep money in your pocket. With commercial solar powered lighting, there is no time or money wasted on trenching and metering unlike traditional outdoor lighting, which can tear up your streets and bank account. For comparison trenching for original power lines may cost you $75,000 while our services run on average of $45,000. That’s a savings of $30,000! Not to mention the additional year-over-year saving costs of installing solar lighting.

Greenshine New Energy makes it easy to install solar powered lighting for your business or municipality. There has never been a better time to switch to outdoor solar power lighting and reap the benefits of “The Land of Enchantment.”

Solar Lighting Incentives in New Mexico

1) Clean Energy Revenue Bond Program

https://programs.dsireusa.org/system/program/detail/364

http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/CREB.html

New Mexico's Energy Efficiency and Renewable Energy Bonding Act authorizes up to $20,000,000 in bonds to finance energy efficiency and renewable energy improvements in state government and school district buildings.

2) Local Option - Renewable Energy Financing District/Solar Energy Improvement Special Assessments

https://programs.dsireusa.org/system/program/detail/3532

http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/PACE.html

Property Assessed Clean Energy (PACE) financing effectively allows property owners to borrow money to pay for energy improvements. It authorizes municipalities and counties to create renewable energy financing districts (REFD) for the purpose of providing financing for consenting property owners within the district to install renewable energy technologies.