State Solar Policy

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New Mexico Solar

New Mexico is home to 102 solar companies that have worked hard to increase the efficiency of solar in the state.

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Facts on the New Mexico Solar Industry

  • There are currently more than 102 solar companies at work throughout the value chain in New Mexico, employing 1,900 people.
  • In 2015, New Mexico installed 41 MW of solar electric capacity, ranking it 17th nationally.
  • The 365 MW of solar energy currently installed in New Mexico ranks the state 12th in the country in installed solar capacity.  There is enough solar energy installed in the state to power 83,000 homes.
  • In 2015, $86 million was invested on solar installations in New Mexico.
  • Installed solar photovoltaic system prices in the U.S. have dropped steadily- by 6% from last year and 48% from 2010. 

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 6,900 New Mexico homes.
  • 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 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 11,400 homes.

Solar Companies in New Mexico

There are currently more than 102 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, 55 contractor/installers, 7 project developers, 9 distributors and 18 engaged in other solar activities including financing, engineering and legal support. 

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How much do solar panels cost in New Mexico? 

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 State Solar Policy Resources

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