The Best Solar Panels in Albuquerque: FAQS and Tidbits
Each solar panel absorbs available solar energy and transforms it into solar power. Solar panels determine the efficiency of the rest of a home’s system.
Solar power companies in Albuquerque shouldn’t sacrifice performance standards and efficiency to maintain low costs. A better route is to reduce costs while maximizing quality. To help customers feel confident in their investment, let’s review some solar panel criteria.
The Market’s Best Solar Panels: Why They Stand Out
Homeowners installing solar panels should compare efficiency, wattage and warranties. Customers who apply high standards in making these choices will receive the best solar panel ROI.
Why New Mexico Monocrystalline Solar Panels Are Superior
Most solar panel technology uses silicon crystals to produce electricity. Solar panel manufacturers typically produce either monocrystalline, polycrystalline or thin-film solar cells.
Monocrystalline panels generate electricity through a single crystal. Polycrystalline technology uses fragmented crystals, and thin-film panels use either non-crystalline silicon or another semiconductor.
Why does this matter? A single crystal delivers higher power output. In other words, monocrystalline panels generate more energy per cell, which decreases the number of solar panels needed.
The efficiency of monocrystalline cells ranges from 17 to 22 percent, and wattages vary from 300 to 400 watts per solar panel. Monocrystalline solar panels’ high efficiency makes them a popular choice.
Why Go Solar Group Uses Axitec’s Monocrystalline Solar Panels
While solar panels with the highest efficiency and wattage deliver the most energy per solar panel, they aren’t always the best choice financially for the homeowner. The best solar panels for most homeowners balance quality with price. The Axitec monocrystalline panels most often recommended by Go Solar Group have an 18.96 percent efficiency rating and produce 315 watts, offering quality at a lower price than a premium solar panel.
Axitec’s efficiency, wattage, and price make it ideal for typical residential installations. However, Axitec also stands out among competitors because of its 15-year product warranty and its production warranty of 85 percent for 25 years.
Other Solar Panel Options Through Go Solar Group
Some homeowners have limited space for solar panels. Go Solar Group also offers LG, Silfab and Solaria brands to ensure that its installers can meet each customer’s unique needs.
These companies offer premium solar panels with the highest efficiency and wattage ratings. However, these brands also come at a higher price, so Go Solar Group installs them only when needed or requested.
What to Look For in Albuquerque Solar Panel Companies
Albuquerque has many solar companies, making it hard to determine which one to choose. Homeowners should look for companies that offer the most effective products for their needs, at a competitive price.
The solar company offering the best choices for a customer’s situation may not be the one with the longest history in New Mexico. Working with a relative newcomer to the market isn’t necessarily bad.
Product and Service Comparison
High-quality technology has high efficiency ratings and a good warranty. While monocrystalline solar panels have become popular, these high-quality products also come at a higher cost.
A solar panel’s efficiency level reflects how well it transduces sunlight into energy in conjunction with the inverter. Most solar panels’ efficiency ranges from 15 percent to 20 percent. While comparing efficiency levels, don’t forget to consider the warranty.
All solar panels degrade over time. The average solar array lasts at least 25 to 30 years. A quality production warranty should ensure productivity doesn’t drop below 80 percent during the first 25 years.
Long-time New Mexico Solar Companies vs. Newcomers
Most New Mexico residential solar customers prefer local, family-owned companies. Homeowners may avoid larger regional companies because they fear receiving worse customer service from a high-volume provider.
Fortunately for New Mexico residents, Go Solar Group has joined the Albuquerque-Santa Fe area solar market.
Go Solar Group is a family-owned company founded by a father and his son-in-law. After a service trip in Africa, these men felt inspired to expand the use of residential solar power in America. Go Solar Group’s business model empowers families to choose high-quality solar products and give back to African communities at the same time.
Incentives for Solar Panels in New Mexico
Installing residential solar system has many benefits, especially in New Mexico, a hub of abundant sunlight and attractive financial incentives.
The Federal Solar Tax Credit
The Federal Tax Incentive works similarly to a mail-in rebate. Homeowners receive a percentage of the solar installation cost as a tax credit. If an individual doesn’t owe enough taxes that year to take advantage of the credit, it rolls over to the next year. This solar incentive applies to all solar systems installed by 2023, so now is the time to take advantage of it.
Other New Mexico Incentive Opportunities
New Mexico has several solar incentive opportunities for residents. These include net metering, sustainable building tax credits, PNM’s REC Purchase Program, New Mexico tax exemptions, and a state tax credit.
PNM Net Metering
PNM solar homeowners can receive credit for their excess renewable energy. This credit offsets residents’ energy bill and rolls over indefinitely, allowing homeowners to pull electricity from the grid at night at no additional cost.
Sustainable Building Tax Credit
New Mexico’s sustainable building tax credit can be used to lower homeowners’ state taxes. If the U.S. Green Building Council certifies a solar home as sustainable, owners can receive a credit of up to $6.50 per square foot.
PNM’s Solar Customer REC Purchase Program
Homeowners who install solar energy systems also can receive Renewable Energy Credits (RECs). Utility companies, including PNM, will pay solar customers for their RECs, reducing the renewable energy the utility is required to produce.
New Mexico Tax Exemptions for Residential Solar
Residential solar systems increase homeowners’ property value. In New Mexico, homeowners receive the additional benefit of a property-tax exemption for the increased value.
New Mexicans with solar can also receive an exemption from the photovoltaic system’s sales tax. While New Mexico has a 5.125 percent sales tax rate, residential solar homeowners owe nothing in sales taxes.
New Mexico State Solar Tax Credit
Those who owe state taxes can qualify for this tax credit. It will cover the lesser of either ten percent or $6,000 of the solar installation cost.
These incentives, coupled with cost savings on your electric bill, make adding solar to your New Mexico home well worth the effort and cost. Get a quote from Go Solar Group to determine if its high-quality solar panel options will work for you.