SolarData USA

Solar Energy in New Mexico - Installation Data & Costs

Total Installations
53,058
Total Capacity
433 MW
Average Cost
$4.95/W

Median: $4.62/W

National Rank
#10

96% residential

14.47¢
Electricity Rate (kWh)
6.4h
Peak Sun Hours/Day
12.8 yrs
Est. Payback Period
$2,217
Est. Annual Savings

Environmental & Community Impact

CO₂ Offset/Year
484,073 tons
CO₂ Offset/System/Year
10.9 tons
Installations per 10K Residents
251.2
State Population
2,112,463
Est. Annual Production/System
15,324 kWh

Estimates based on average system size, 6.4h peak sun hours/day, 80% derating factor, and 30% federal ITC. Sources: NREL, EIA, EPA eGRID (0.709 metric tons CO₂/MWh).

System Overview

Avg System Size
8.2 kW
Battery Adoption
0.6%
Third-Party Owned
0.2%

Cost Trend ($/W)

Avg Cost per Watt

200720092011201320152017201920212023

Installation Growth (Last 5 Years)

Top Solar Installers in New Mexico

InstallerInstallations
-133,196
Positive Energy3,293
Affordable Solar2,213
Solar Works Energy1,467
Consolidated Solar Tech1,438
Sunpro Solar1,201
Sunspot Solar Energy1,000
Nm Solar Group986
Our World Energy466
Titan Solar447

Most Popular Panel Brands in New Mexico

BrandInstallations
Alps Technology34,009
SunPower3,041
LG Electronics Inc.2,391
REC Solar1,634
HYUNDAI ENERGY SOLUTIONS CO., LTD.1,457
Qcells North America1,235
Schott Solar1,135
Silfab Solar Inc.1,098
SANYO ELECTRIC CO LTD OF PANASONIC GROUP1,082
CSI Solar Co., Ltd.908

Solar by County - New Mexico

CountyInstallationsCapacity
Bernalillo25,703205.6 MW
Sandoval5,58250.2 MW
Santa Fe2,85723.5 MW
Valencia2,76220.2 MW
Dona Ana2,72918.4 MW
Otero1,84015.4 MW
Grant9048.9 MW
Luna5694.9 MW
San Miguel2391.5 MW
Rio Arriba1861.3 MW
Eddy1671.8 MW
Los Alamos1600.9 MW
Taos1470.9 MW
Chaves1444.9 MW
Lincoln1381.1 MW

New Mexico Solar Incentives

Tax credits, rebates & programs

Is Solar Worth It in New Mexico?

Data-backed analysis

Source: