Renewable Energy Incentives
There are a variety of Federal & State financial incentives available to home-owners & business-owners that are designed to "encourage" energy efficiency upgrades as well as the installation of renewable energy additions such as solar hot water and solar PhotoVoltaic systems.
These incentives include rebates, sales tax savings, renewable energy credits (RECs), net-metering, and income tax deductions. Incentives vary from state to state, and some of them vary depending on which electrical co-operative or utility supplies your electricity.
Most of these incentives are tied to specific state or federal statutes with "use by" dates. And, of course, statutes can be modified and/or amended, and the specific amount of $$$$ involved can, and often does, change with time.
Here are links to websites that will give you the latest information & status on the incentives that are available to you:
DSIRE Website Incentive Summary for NM
NM Energy Conservation & Management Division Website
PNM Webpage describing PNM's program & current REC payments for new grid-tied PV systems
City of Santa Fe Solar Incentives
City of Albuquerque Solar Incentives