Incentives & Rebates
Here at Solar Ray, Inc. we believe in an Economy based on small businesses
and a reduction in big government and global corporations. We feel the
government's job is not to hand out projects with Americans' hard earned
tax dollars, but to Level the Playing Field. Therefore, rebates and incentives
are NOT the answer. In the early 80's, solar's credibility was tarnished
by "Fly by night" outfits selling rebates for misdesigned systems
that never worked.
To level the playing field, we don't need handouts, we just need the government
to stop its corporate welfare program that heavily subsidizes fossil and
nuclear fuels. Renewable power is ready now to compete with any other
energy source on a level playing Field minus subsidies for rich or poor.
The carbon credit program is such a leveler. By actually making Utilities
pay for their damage to the environment, they are now buying renewable
energy to avoid penalties. PNM has recently signed a very forward thinking
agreement to buy back their customers' surplus solar energy from grid-
tied systems. Instead of just turning the meter backwards as was mandated
by the net metering law, PNM has agreed to pay 13 cts/ kWH for energy
produced in addition to turning the meter backwards. This adds up to almost
20 cents/ kWH payed for solar power! and encourages high performance.
PNM in return gets renewable energy it needs to stay legal, and meets
its peak demands to better avoid costly black outs. Taos Area residents
aren't in PNM's district and so we can't take advantage of the deal, but
we are working to put in place a similar program with Kit Carson Electric
|Please remember to have your Tax Preparing Professional help you
with obtaining any rebate suggested on the SolarRay website.
No Sales Tax in New Mexico
Click here to read the details on No Sales Tax for New Mexico. There is
no sunset on this law, Hooray! You just need to fill out a simple form and
give it to us to keep on record. (That is us at SolarRay.)
The Solar Gross Receipts Tax (GRT) Exemption
New Mexico's 30% tax credit has been rendered obsolete by Obama's changes
to the Federal Tax credit. He removed the $2000 cap, so now there is no
reason to take the state credit, since the entire 30% credit can be taken
on your 1040. The state credit while well meaning was burdened with redundant
paper work. Hopefully New Mexico will come up with new, better incentives
for solar electric systems. At least we still don't have to charge sales
Thank you Governor Richardson.
Does your state offer Rebates?
Click on the link below to go to DSIRE, the Database of State Incentives
for Renewables & Efficiency. It will help you find what your state
has to offer.
Link to state by state
30% Federal Tax Credit for Solar Electric Systems
The Federal credit was finally extended in the financial bailout package.
It is good thru 2016, and (the best news) has no limit. Because of the
possibility of more federal incentives in the near future with the Obama
administration, we recommend going to Solar Energy Industries Association's
30% Tax Credit, Now No Limits
Please click on
their logo for up to date info
Extends Federal Solar Energy Tax Credits Through 2016
Link to state by state