MySolarCheck

Solar Panel Cost & Installation Data in New Mexico

Observed Records
53,058
Reported Capacity
433 MW
Observed Avg Cost
$4.95/W

Median: $4.62/W

Dataset Rank
#10

96% residential

14.2¢
Residential Rate (EIA 2024)
6.4h
Peak Sun Hours/Day
17.4 yrs
Est. Payback Period
$2,339
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
16,473 kWh

Estimates use average system size, a 6.4h/day state solar-resource proxy and a 14% system-loss assumption. Payback excludes financing and incentives. Context sources: NREL, EIA and 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)

Installer Names in the Source Records

InstallerObserved Records
-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

Panel Brands in the Source Records

BrandObserved Records
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

County Records - New Mexico

CountyObserved RecordsReported Capacity
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

State-program snapshot

Is Solar Worth It in New Mexico?

Modeled homeowner analysis

Primary dataset: LBNL Tracking the Sun 2024 release. Counts represent records in the source release, not a complete statewide census.