How to Finance a Residential Solar Array

How to Finance a Residential Solar Array image

Solar Financing for Homeowners The perception of solar costs being prohibitively high lingers from the early days of the industry. In actuality, solar equipment has become more efficient and less expensive in the last decade, as it has been adopted by homes, business and utilities across the globe. In addition, solar financing has become readily available for homeowners. Financing Options Available in New Mexico The Sunny family lives in Albuquerque and is able to offset 100% of the electricity usage…

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How Can I Use the Federal Solar Tax Credit to Help Fund My New Solar Installation?

How Can I Use the Federal Solar Tax Credit to Help Fund My New Solar Installation? image

How do taxes fit into the solar conversation? Solar is an environmentally-friendly home improvement that can bring you tax benefits as well as save you money on your electricity costs. Currently, the federal government offers an Investment Tax Credit (ITC) for putting solar on your home or business. The ITC provides a significant financial advantage for solar customers by allowing them to deduct 30% of the cost of their solar array from their federal taxes. How does the solar tax…

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Going Solar: Commercial Edition

Going Solar: Commercial Edition image

The adoption of solar by homeowners in New Mexico has nearly tripled over the last three years, but the rate that commercial buildings are going solar has remained relatively low. PNM, the largest utility in New Mexico, interconnected 3,500 solar arrays in 2017. Only twenty-six of the solar arrays were for commercial customers, and Affordable Solar installed around half of those. Although there are fewer commercial properties than homes in New Mexico, the reasons for the difference in the rate…

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Affordable Solar wins 2017 Project of the Year

Affordable Solar wins 2017 Project of the Year image

This November, Affordable Solar was recognized by Solar Builder Magazine as the 2017 Project of the Year.  This featured recognition shines light on one of our favorite instillations to date at Roadrunner Food Bank.  To provide solar to a staple in the Albuquerque Community that has a mission that is near and dear to our hearts at Affordable Solar was an honor.  Our SmartStorage technology was installed in an effort to save this local non-profit $30K in utilities per year…

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Break the Chain – A Manifesto for Everyone without Solar

Break the Chain – A Manifesto for Everyone without Solar image

Dear Solar Consumer, I was considering blogging about some factual details and arguments for the use of solar power; details about its benefits and economic advantages and why a typical New Mexico consumer, whether business or household, should invest in a solar generation solution. I could have written about the triple bottom line – People, Planet and Profit.  About how all of the “smart companies do it”.   I would…

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Solar and Fire Safety

Solar and Fire Safety image

Do I need to worry about them lighting on fire? This is one of the most common questions we get from customers who are preparing to install a solar array on their home or business, and there is definitely logic behind the query. After all, solar panels are electrical equipment, and all electrical equipment has some fire hazard associated with it. Also, anything sitting on top of the roof in a New Mexico summer…

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Solar Vineyard

Solar Vineyard image

One of my greatest passions is helping local businesses thrive in New Mexico. While there are challenges to operating in a small state like ours, I’ve often found solar solutions for small businesses that allow for lower operating costs, increased cash flow and a predictable ROI. One of my customers operates a vineyard here in Albuquerque. The hot summer months are watering season, which has historically resulted in excessively high electricity costs.

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The Triple Bottom Line for Business – People, Planet, Profit!

Key statistics from the U.S. Solar Energy Industries Association (SEIA) now prove what we at Affordable Solar have known for some time: solar makes more sense than ever for your business! In the past few years, the 45% drop in costs for commercial solar installations has fueled an explosive interest in solar for businesses across the United States. Companies such as Ikea and Apple already justify solar to their shareholders as a great…

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PNM Filing for a Rate Hike

PNM Filing for a Rate Hike image

PNM plans to file for another rate hike by this December, according to a recent Albuquerque Journal report. The hike, if approved by the state Public Regulation Commission, will continue the trend of ever increasing PNM rates, and will likely mean higher bills for PNM’s customers. According to the article, “the utility expects to file a rate case with the state Public Regulation Commission by December, although it’s…

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