Solar & Energy Rebates in Farmington
Unlock thousands in savings. Residents of Farmington, NM can stack federal tax credits with state and local utility incentives for maximum ROI.
Avg System Cost
$14,450
Net After Incentives
$0
Payback Period
—
Lifetime Savings
—
Local Solar Economics
Average System Cost
$14,450
$2.89/W (median: $2.80/W)
Avg System Size
—
Farmington Savings Breakdown
| Item | Amount |
|---|---|
| Average System Cost | $14,450 |
| State Incentives (NM) | -$16,250 |
| Total Incentives | -$17,250 |
| Estimated Net Cost | $0 |
Data sourced from EnergySage & Rewiring America APIs. Incentive values are estimates based on a representative homeowner profile. Run the calculator for a personalised breakdown.
Available Incentives
11 programs available for NM residents
Affordable electric carshare. First test drive is free. Subsequent rentals are $4-$5/hr or a $35-50/day. Specific locations. Las Cruces coming soon.
via Forth
$1,000
100% credit
50% of cost up to $500 tax credit for Energy Star rated windows and doors, per product installed.
via Energy, Minerals, and Natural Resources Department
$500
50% credit
50% of cost up to $1,000 tax credit for insulation improvements, per product installed.
via Energy, Minerals, and Natural Resources Department
$1,000
50% credit
10% of cost of installing home solar, up to $6,000 refundable tax credit.
via Energy, Minerals, and Natural Resources Department
$6,000
10% credit
Up to $3,000 refundable tax credit for new, leased or used electric vehicle.
via Energy Conservation and Management
$3,000
flat amount
Up to $2,500 refundable tax credit for used electric vehicle. Credit amount steps down through 2029.
via Energy Conservation and Management
$2,500
flat amount
$1,000 tax credit for an Energy Star certified air source heat pump including installation.
via Energy, Minerals, and Natural Resources Department
$1,000
flat amount
$1,000 tax credit for an Energy Star rated ground source heat pump.
via Energy, Minerals, and Natural Resources Department
$1,000
flat amount
$500 tax credit for an electric vehicle charger product and installation costs.
via Energy, Minerals, and Natural Resources Department
$500
flat amount
Up to $400 refundable tax credit to install a level 1 or level 2 EV charger at home.
via Energy Conservation and Management
$400
flat amount
$350 tax credit for an Energy Star rated heat pump water heater including installation costs.
via Energy, Minerals, and Natural Resources Department
$350
flat amount
Solar Installers in Farmington
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Start CalculationFarmington Quick Facts
- 🏠 Eligible for federal ITC (30%)
- 💡 Cost per watt: $2.89/W
- 📈 Above-avg: $16,618
- 📉 Below-avg: $12,282
- 💰 Total incentives: $17,250
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