New Mexico is home to 98 solar companies that have worked hard to increase the efficiency of solar in the state.
Facts on the New Mexico Solar Industry
- There are currently more than 98 solar companies at work throughout the value chain in New Mexico, employing 1,600 people.
- In 2014, New Mexico installed 88 MW of solar electric capacity, ranking it 10th nationally.
- The 358 MW of solar energy currently installed in New Mexico ranks the state 11th in the country in installed solar capacity. There is enough solar energy installed in the state to power 82,000 homes.
- In 2014, $172 million was invested on solar installations in New Mexico. This represents a 32% increase over the previous year, and is expected to grow again this year.
- Installed solar photovoltaic system prices in the U.S. have dropped steadily -- by 6% from last year and 53% from 2010.
View more solar industry data.
Notable Installations in New Mexico
- Cimarron Solar Facility was completed in 2010 by developer First Solar. This photovoltaic project has the capacity to generate 30 MW of electricity -- enough to power over 6,100 New Mexico homes.
- Several large retailers in New Mexico have gone solar, including Costco and Intel. U.S. Foods has installed one of the largest corporate photovoltaic systems in the state with 426 kW of solar capacity at their location in Albuquerque.
- At 50 MW, Macho Springs Solar Project in Deming is among the largest solar installations in New Mexico. Completed in 2014 by First Solar, this photovoltaic project has enough electric capacity to power more than 10,200 homes.
See our solar installations maps.
Solar Companies in New Mexico
There are currently more than 98 solar companies at work throughout the value chain in New Mexico. These companies provide a wide variety of solar products and services ranging from solar system installations to the manufacturing of components used in photovoltaic panels. These companies can be broken down across the following categories: 13 manufacturers, 10 manufacturing facilities, 54 contractor/installers, 6 project developers, 9 distributors and 16 engaged in other solar activities including financing, engineering and legal support.
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Solar panel costs have fallen significantly in the last 5 years and now installing solar panels can be one of the best investments you can make for your home. There are also now a lot of products on the market utilizing sophisticated financing vehicles to make solar panels for your home affordable. This website will show you the average retail price of installing home solar panels in New Mexico.
Solar rebates and solar tax credits in New Mexico.
Solar incentives are offered at the utility, county, state and federal level. These solar incentives can take various forms including solar tax credits, up front solar rebates, premium feed in tariffs (known as net metering) or solar production incentives.The eligibility and rules for each incentive program can vary greatly. This solar panel calculator allows you to enter your address and it will tell you what solar incentives will apply at your house and the value of these if you go solar.
Finding the right solar company for you:
There are many solar companies in New Mexico offering a wide variety of brands and options. This consumer reviews website will show you the consumer ratings of each solar installer that services your area and will also show you what brands of solar panels.
New Mexico Public Regulation Commission – Learn about the governing body that regulates the electricity rates and services of New Mexico public utilities
New Mexico State Legislature – Track pending legislation affecting solar energy, locate and contact individual legislators, and stay up to date on current legislative issues in New Mexico
DSIRE Incentives Database - New Mexico – Search a public clearinghouse for specific solar energy incentives in New Mexico and across the United States
U.S. Energy Information Administration - New Mexico State Profile – Explore official energy statistics, including data on electricity supply and demand, from the U.S. government