New Mexico is home to 114 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 114 solar companies1 at work throughout the value chain in New Mexico, employing 1,899 people2.
- In 2015, New Mexico installed 56 MW of solar electric capacity, ranking it 15th nationally3.
- In 2015, $86 million was invested on solar installations in New Mexico.
- The 400 MW of solar energy currently installed in New Mexico ranks the state 13th in the country in installed solar capacity. There is enough solar energy installed in the state to power 91,000 homes.
- Over the next five years, New Mexico is expected to install 1,428 MW of solar electric capacity, ranking the state 14th over that time span. This amount is more than 5 times the amount of solar installed over the last five years.
- Installed solar PV system prices in the U.S. have dropped steadily- by 12% from last year and 66% from 2010.
View more solar industry data.
Notable Installations in New Mexico
- Cimarron Solar Facility was completed in 2014 by developer First Solar. This photovoltaic project has the capacity to generate 30 MW of electricity-- enough to power over 6,900 New Mexico homes4.
- 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 11,400 homes5.
- Several large retailers in New Mexico have gone solar, including Costco, Walmart 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 Albuquerque6.
See our solar installations maps.
Solar Companies in New Mexico
There are currently more than 114 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: 16 manufacturers, 10 manufacturing facilities, 62 contractor/installers, 6 project developers, 8 distributors and 22 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