From the Solar Energy Industries Association
• 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. That is enough solar energy installed to power 83,000 homes.
• In 2015, $86 million was invested on solar installations.
• Installed solar photovoltaic system prices in the U.S. have dropped steadily—by 6 percent from last year and 48 percent 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 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
New Mexico solar 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, seven project developers, nine distributors and 18 engaged in other solar activities, including financing, engineering and legal support.
Solar panel costs have fallen significantly in the last 5 years. Installing solar panels can now 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 affordable. Solar incentives are offered at the utility, county, state and federal levels. These can take various forms, including solar tax credits, up-front solar rebates, premium feed-in tariffs (net metering) or solar production incentives.