It is extremely important to NM Solar Group to serve New Mexico with integrity and respect. We are a company who serves clients first and installs solar second. New Mexico is our home, and there isn't a place we would rather be. We take our time, and really ask ourselves if we are making a positive difference whenever we begin business in a new part of our beautiful state. Then, when we begin business in a new town or city, we like to learn about the culture to best serve our clients. We are excited to begin a new project in Silver City, NM. We hope to help transition Silver City into a place where the households save money by using renewable resources.
On a micro level, each family that decides to add solar to their home can save 15% or more on their electricity costs, while paying for the solar system. Once the P.V System is paid in full, 100% of electricity costs will be produced by the sun*. If solar is installed this year, the federal government will cover 30% of costs with an Income Tax Deduction. On top of countless other benefits to each person that decides to make the switch to renewable energy.
The town of Silver City is rich with national parks, forests, and wildlife. People travel from all over to boulder in City Rocks State Park or wander through the Gila National Forest. One of the missions of NM Solar Group is to keep New Mexico Enchanted. Silver City is a gem in our state, and we hope to keep it this way for many generations to come. When families make the decision to switch to renewable energy to power their homes it helps us to ensure this future for Silver City, and New Mexico as a whole.
We will be installing a 2.95kw System Size (10x panels)
SolarEdge Inverter + Optimizer for optimal efficiency of solar system
100% of electricity from clean solar
$35.5k savings over life of system
19.5% yearly ROI
In 2016 the New Mexico tax credit for residential solar installation expired. The prior tax credit was a 10% income tax credit up to $9,000 for qualifying PV systems installed on residential homes, small businesses and agriculture enterprises.
The New Mexico Senate voted 35-6 on Monday, Feb. 12th for a bill would that would reinstate the tax credits that expired in 2016 with a cap for annual credits at $5 million. The new credit would gradually decline from 10% of costs to 6% over a 15-year period. The bill will now be moved to the House, and will hopefully be passed before the session ends on Thursday. If passed through the house, it will move to Gov. Susana Martinez's desk for approval.
This bill would benefit households, small businesses, and farms. As always, we hope New Mexico can become an example of sustainable living for the rest of the country. If New Mexico reinstates the state income tax credit, jobs will be created, we will be closer to our goals for the Paris climate agreement, and we can guarantee a beautiful state for future generations.
Find out more here
In an effort to keep Albuquerque a green city. Mayor Tim Keller has agreed to uphold the Paris Climate Agreement. This is excellent news for the Solar industry, and job growth that comes with it. Keller didn't specify any specific goals on how he was going to be adopting the climate agreement. But did state:
“We will not only make things better for our families and businesses in the short term, we will begin to define a more sustainable future for Albuquerque to ensure that our city will continue to thrive over generations to come,”
NM Solar Group is looking forward to working with Keller during his term to ensure Albuquerque becomes a city to look up to in terms of job growth and climate protection.
Yesterday President Trump signed a tariff on Chinese imported solar panels in order to bring production to America. In the next month, this will increase the price of solar and will change the solar industry. This is not a death sentence for solar in America, or for NM Solar Group. We keep our prices as low as possible to prepare for events such as this. The industry has seen rapid growth recently, and don't expect that to change now.
With financing through our lending partners, we don't expect to see a major difference in monthly costs to our clients. NM Solar Group is committed to keeping our prices as low as possible while maintaining the quality of our work.
Despite the price increase, adding solar to a home will...
Significantly decrease or eliminate an electricity bill.
Add value to a home for resale.
Save the planet by switching to renewable energy.
And give a homeowner wicked street cred.
Installing solar panels on your house and owning the system can pay for itself with an increase in value to your home. According to a study conducted by Berkeley National Lab with Sandia National Labs, the average increase in a home's value across the nation is about $3.78 per Watt. The average home has a 6KW system, translating to (6KWx$3.78=$22,680) about a $22k increase in value immediately after the install is complete. Meaning homes with solar panel systems sell for more than without.
The study analyzed 20,000 homes in six states across the country to find out just how much a solar panel system would increase the price of a home. The study concluded, home values increased at a rate between $2.68- $4.31 per watt of energy. This data is just beginning to become an asset to realtors while selling homes. Solar panel systems are becoming exceedingly popular making it easier for realtors to value these systems, and recognize the potential for home value increase. Speaking to New Mexican appraiser Mark Raney, SRA who specializes in "valuation of sustainable homes, he says "Many appraisers use ‘PV value’, a program originally developed by a Sandia Labs engineer to get the value contribution. Just type in the size and age of the system, the tilt of the panels and the zip code and they will set a value."
If you are thinking about purchasing a solar system for your home, the study should give you confidence that you are making a smart investment. The study found that homes with owned solar panels will benefit from a ‘solar premium’ when they are sold because buyers are willing to pay more for a home with solar panels.
The location, size, age, and efficiency must be considered when evaluating the value of a home with a PV system. To be sure you are getting the maximum value while getting your home appraisal done with your solar panel system, be sure to use one of the many New Mexican appraisers who specializes in the valuation of sustainable buildings.
This suggests that if you sell your house soon after you have a solar system installed, you will recoup most or all of your investment while saving money on your power bills. It also confirms: Payback periods on solar power systems are not something to be overly concerned about. Your solar system will either increase your home value should you decide to sell your house, or it will pay itself off in power bill savings before you move out. In both cases, solar is a sound investment."
Thinking about getting Solar? Click here to get a quote.
Solar Energy could be the answer we need to save one of our most valued resources. Water. Especially in a state that rarely comes out of a drought phase. We recently had the first day in over 90 that New Mexico received any measurable precipitation. We love our bright blue skies and brag about the sunshine, but we all know that New Mexicans crave a good day of heavy rain or snow. Today we all got to rejoice while our solar panels got a good rinse, and we could rest, assured that our water supply recouped a little of what we take from it each day.
One thing that not everyone knows, or understands is that power plants use an exuberant amount of water to give energy to the people. Water is used to pump crude oil out of the ground, remove pollutants from power plant exhaust, flush out residue after fossil fuels are burned, cool power plants, and much more. Our energy resources rely on water, much more than we probably realize. This is something New Mexican residents cannot ignore. You will see in the infographic below, created by One Block Off The Grid That Coal power plants use approximately 100-1,100 gallons per MWh, Nuclear uses 600-800 gallons/ MWh, natural gas 20-300 gallons/ Mwh, while solar uses nearly no water at all.
Switching your energy over to solar, with NM Solar Group won't just save you money on your electric bill monthly, but it will help preserve the scarce resource we all need.
To read more about water used for energy click here.
At NM Solar Group, we have a passion for all things solar, and new solar technology. We get excited when we discover new advances in this technology, and hope one day we can help pass these onto our clients.
An interesting article on eletrek.com explained how Researchers at Los Alamos National Laboratory in New Mexico have been working on developing a new technology that would lower the cost of solar technology. They've developed a 6″ prototype of a quantum tuned, double paned, solar powered window. The window is special, in that the outside window pane has quantum dots changing ultraviolet and blue light into more easily absorbable frequencies for off the shelf solar cells to turn into electricity. The same technology applied to a standard solar panel suggests a decrease in cost of electricity from said panel of up to 34%.
To transform a window into a ‘tandem luminescent sunlight collector’, the Los Alamos team deposits a layer of highly emissive manganese-doped quantum dots onto the outside surface of the outer glass pane and a layer of copper indium selenide quantum dots onto the inner surface of the inside (bottom) pane.
The outside pane absorbs the blue and ultraviolet portions of the solar spectrum and re-emits in the colors that a standard solar cell can absorb. Then, the re-emitted light is guided by internal reflection in the glass pane to the edges of the window, where solar cells are perpendicular to the glass pane.
The purple and blue wavelengths are then being absorbed and redirected to the edges, while the remaining light continues to the second glass pane – which also redirects to solar cells at the pane edges.
These researchers also suggested using the first layer of glass to sit atop a standard solar panel.
A standard commercial solar panel is about two square meters in size for an approximate cost of $10 per panel ($8.33 for a 60 cell residential solar panel) – if applied to a modern 350W solar panel, the cost would add 2.9¢/W to the cost of the module.
The author suggests application of this quantum dot layer, with further refinement, could offer cost savings on solar electricity of 34% versus a standard, standalone solar panel. A question is out to the Dr. to determine if the % efficiency applies to an area equivalent to a window, or the area of solar cells along the edge of the glass pane. If it is the glass pane, the effective efficiency gain would be much lower, however, savings of 28-34% off of the output material (electricity) suggests the effective area is greater than the edge of the pane solar cells.
Read article in entirety here
Are you thinking about the process of getting Solar? Click here to find out more about what we do.
Solar is our passion at NM Solar Group and we try to stay up to date with solar power news. Some interesting things are happening in the world of solar power. Here are a few snippets of articles I read recently:
Sustainergy, a Tokyo-based renewable-energy start-up has partnered with Hitachi Capital and manufacturer Daiwa House Industry to deploy a new ‘solar-sharing’ business model, where Japanese farmers will be encouraged to make use of unexploited farms to produce mushrooms, while solar PVs will feed the operations and sell electricity to the grid at the same time.
The ‘solar-sharing’ business model constitutes an idea of Sustainergy, where crops that need little radiation can be yielded underneath solar photovoltaic panels, while the excessive electricity is exported to the grid, generating double income for farmers. (Climate Action)
[I love the idea of taking advantage of the space under ground-mount solar systems for growing food! I am going to suggest this to a few of our clients for their systems.]
Last year, when Minnesota passed a groundbreaking law on best practices for providing pollinator habitat at solar power sites, they also (unexpectedly) helped launch something called Solar Honey, in which solar companies and commercial beekeepers work together in a mutually beneficial arrangement. (Smithsonian)
[Anything we can do to help local honey bees thrive is worth pursuing. Their importance to our local ecosystem cannot be understated and we are losing populations of pollinators at an alarming rate. As an incentive to homeowners, fresh honey is amazing!]
A new set of algorithms could make it possible for renewable energy-generating homes to not only access their power reserves during outages, but share their resources with their neighbors -- a move which could play a significant role in disaster relief efforts. (Engadget)
[In these trying times with tragic disasters occurring around our country, anything we can do to help our communities can make a difference. For many folks, having access to power will allow them to rebuild after a disaster. For others who are dependent on electricity for life-preserving devices, access to electricity can mean the difference between life or death.]
Solar power can help homeowners and their local community in many ways. If you would like to learn more about solar for your home, please call the Albuquerque-based solar company NM Solar Group at 505-415-6172 or Click Here to schedule a free consultation. We would love to help!
NM Solar Group is a homegrown Albuquerque solar company passionate about solar energy and we believe it is the answer to many of today's environmental problems. There is increasing awareness of solar power as an alternative to the dirty and expensive power from PNM. New Mexico is ideal for solar so many folks are seeing their friends and neighbors embrace it for themselves. Many clients we speak to ask us what exactly are the advantages of solar energy?
Solar power is a clean and sustainable alternative to traditional fossil fuels like coal and natural gas.
Prices have come down over the years significantly to the point that most people see lower electric bills almost immediately. Once a solar system is paid off (typically within 15 years) the only cost a homeowner generally pays for the remainder of the 25-40 year life of their solar system is their connection fee (currently around $7). The amount saved can be enormous!
Solar also provides energy independence by freeing you from the grasp of greedy corporate power companies like PNM who prioritizes profits over people.
Long story short, solar power will give you and your family a cleaner, cheaper alternative to PNM and provide energy independence.
Folks often like the benefits of going solar, but they want to know if there is a catch. Is it too good to be true? Short answer- there is no catch.
The only caveat with solar is the requirement for the sun to be out for the solar panels to produce electricity. A great aspect of solar power in Albuquerque and New Mexico is Net Metering. Net Metering allows you to send excess power produced during the day back to the grid and you get credited by PNM. At night, you pull power back from the grid and use those built up credits. In essence, PNM acts like a battery for your solar system. The transition from solar to grid power is seamless with no interruptions in service when the sun goes down.
Solar power offers homeowners many benefits with no real downsides. If you would like to learn more, please call us at 505-415-6172 or Click Here to schedule a free consultation. NM Solar Group is here to help!