New Mexico solar installation & market data
The New Mexico solar market at a glance.
New Mexico has about 63,067 solar systems totalling 426.0 MW, as reported by its utilities through July 2026. 20 MW of residential solar was added in the trailing twelve months, down 7.6% on the twelve months before. 10.8% of owner-occupied homes have gone solar and 1.0% of solar customers have a battery. SolarDNA tracks 52,829 individual installations here, with a median residential cost of $4.62 per watt, from 431 installers.
New Mexico's SolarDNA Market Score: 53 out of 100.
New Mexico scores 53 out of 100 on SolarDNA's Market Score, a 0-to-100 scale benchmarked against every other state market. That is higher than 86% of U.S. states. Grade B (Great).
The score combines 5 subscores, each computed from observed market data:
- Velocity (42): trailing-12-month growth in solar added versus the prior twelve months, so accelerating markets score higher.
- Cost (39): median installed $/W relative to the national median (a cheaper market scores higher).
- Incentives (64): net-metering coverage, RECs a new system can earn, state tax credit, rebate program and tax exemptions (components listed below).
- Resource (57): annual solar irradiance, so the same system produces more where this score is high.
- Depth (69): proven demand: how many systems are already installed, with a bonus for markets that show adoption without being saturated.
10% state credit up to $6,000 through 2032; property tax exemption; gross receipts deduction.
Federal: Federal residential credit (25D) ended for systems placed in service after Dec 31, 2025. Third-party-owned systems can still use the commercial credit (48E) through 2027 under construction-start rules.
State-level averages hide wide variation. Here's how to go deeper in the app:
- 1Narrow to a zip codeZip metrics give a far more accurate picture of the exact neighborhoods you are considering.
- 2Apply filtersFilter by score, growth, $/W, adoption and permits to reach the markets that actually match your model.
- 3Benchmark the installersSee who already wins there, how fast they are growing, and what they charge per watt.
How SolarDNA defines these metrics
Solar systems
Solar systems is the market-size figure: the systems utilities report on their lines, plus an estimate (sized from reported capacity) for systems outside net metering. It is current for every state.
How SolarDNA calculates solar systems →Tracked installations
Tracked installations are the individual residential, commercial and utility-scale systems SolarDNA holds a record for. SolarDNA de-duplicates the same system across records. Pricing, installers, equipment and every zip-level figure come from these records.
How SolarDNA calculates tracked installations →Median installed cost
Median installed cost is the middle price per watt (DC) that homeowners paid for a residential system in the trailing twelve months, before incentives. Quartiles show the spread.
How SolarDNA calculates median installed cost →Adoption rate
Adoption rate is the share of owner-occupied homes with a residential solar system. It measures how saturated a market is, not how fast it is growing.
How SolarDNA calculates adoption rate →12-month growth
For a state, growth compares the residential solar capacity added in the trailing twelve months with the twelve months before, from utility-reported totals with one-off reporting corrections smoothed out. For cities and zip codes it compares tracked installations.
How SolarDNA calculates 12-month growth →Battery share
Battery share is the portion of a state's solar customers whose system includes a battery, as reported by utilities.
How SolarDNA calculates battery share →Permits
Permits count the solar building permits filed in the last twelve months. They lead installations by several months, which makes them the earliest read on demand.
How SolarDNA calculates permits →Market Score
SolarDNA's Market Score grades each market from 0 to 100 on solar sales potential, weighing velocity, cost, incentives, solar resource and installer depth. Markets are benchmarked against every other market in the country, and the letter grade is set on a curve: A is the top 10% of markets, C the middle 40%, F the bottom 10%.
How SolarDNA calculates market score →See what a specific New Mexico zip code looks like
Drop in any New Mexico zip code and SolarDNA opens its market card: score, installs, median $/W, growth and permits, benchmarked against the state.
Dive deeper into the New Mexico market
Market size & momentum
Systems, capacity, monthly additions, battery share and solar customers by utility.
- •How many solar systems are there in New Mexico?
- •Is solar still growing in New Mexico?
- •Which utility territories are adding the most?
Pricing & economics
Installed $/W, quartiles, system sizes and simple payback.
- •How much does solar cost in New Mexico?
- •Is $/W falling in New Mexico?
- •What is the median system size?
Growth & adoption
Installs by year, adoption, TAM penetration and battery attach.
- •Is solar demand growing in New Mexico?
- •How saturated is the market?
- •How many systems add a battery?
Installers
The league table: volume, momentum, system size and pricing per installer.
- •Who installs the most in New Mexico?
- •Which installers are growing fastest?
- •What do they charge per watt?
Utilities & incentives
Retail rates by utility, net metering, SREC value and the planned utility pipeline.
- •What are electricity rates in New Mexico?
- •Which utilities offer net metering?
- •How big is the utility-scale pipeline?
How big New Mexico's solar market is, and where it is heading
Totals reported by New Mexico's utilities through July 2026 (latest months are preliminary)
Trailing-12-month residential capacity added carried forward at half the observed growth rate (capped at ±30%), with a ±10% band. Not a forecast of permits or policy.
Solar customers by utility in New Mexico
Net-metered solar customers through July 2026
| Utility | Solar customers | Capacity | Added, 12 mo | Growth | With battery |
|---|---|---|---|---|---|
| Public Service Co of NM | 49,190 | 396 MW | 2,861 | ▼ 1.1% | 1.0% |
| El Paso Electric Co | 10,313 | 64 MW | 266 | ▼ 34.3% | 1.4% |
| Southwestern Public Service Co | 2,424 | 31 MW | 48 | — | — |
| Los Alamos County - (NM) | 563 | 4 MW | 48 | — | — |
| City of Farmington - (NM) | 508 | 3 MW | 9 | — | — |
What solar costs in New Mexico
Residential systems, trailing twelve months
How fast New Mexico is going solar
From SolarDNA's installation records, which run through December 5, 2024; current momentum is in the market totals above
Top installers in New Mexico
Ranked by installations in this state
| # | Installer | Installs | 12-mo | Avg kW | $/W |
|---|---|---|---|---|---|
| 1 | POSITIVE ENERGY | 3,674 | 397 | 6.43 | $5.05 |
| 2 | AFFORDABLE SOLAR | 2,469 | 244 | 7.79 | $4.08 |
| 3 | SOLAR WORKS ENERGY | 1,907 | 317 | 6.76 | $4.72 |
| 4 | CONSOLIDATED SOLAR TECH | 1,440 | 0 | 5.53 | $5.62 |
| 5 | SUNPRO SOLAR | 1,199 | 0 | 8 | $4.83 |
| 6 | NM SOLAR GROUP | 1,024 | 1 | 8.61 | $3.66 |
| 7 | SUNSPOT SOLAR ENERGY | 1,005 | 4 | 5.25 | $4.12 |
| 8 | OUR WORLD ENERGY | 859 | 311 | 6.88 | $4.72 |
| 9 | ION SOLAR | 733 | 81 | 6.1 | $4.89 |
| 10 | TITAN SOLAR | 566 | 9 | 7.05 | $4.93 |
| 11 | NRG RENEWABLES | 487 | 79 | 7.96 | $3.86 |
| 12 | SOLCIUS | 427 | 1 | 6.01 | $5.41 |
| 13 | ADT SOLAR | 380 | 4 | 7.31 | $4.97 |
| 14 | SOLAR SMART LIVING | 339 | 35 | 7.75 | $3.76 |
| 15 | FREEDOM FOREVER | 308 | 93 | 7.59 | $4.58 |
Top zip markets in New Mexico
Ranked by installations · click for the zip market
| Zip | Installs | $/W | Growth | Score |
|---|---|---|---|---|
| 87124 Rio Rancho | 3,602 | $4.63 | — | 53.6 A |
| 87120 Albuquerque | 3,323 | $4.47 | — | 54.3 A |
| 87144 Rio Rancho | 3,309 | $4.56 | — | 53.9 A |
| 87121 Albuquerque | 3,075 | $4.92 | — | 52.2 A |
| 87114 Albuquerque | 3,021 | $4.50 | — | 54.2 A |
| 87111 Albuquerque | 1,964 | $4.38 | — | 54.5 A |
| 87031 Los Lunas | 1,932 | $4.69 | — | 52.9 A |
| 88310 Alamogordo | 1,604 | $4.36 | — | 52.8 A |
| 87110 Albuquerque | 1,580 | $4.66 | — | 51.3 A |
| 87507 Santa Fe | 1,541 | $5.05 | — | 49.3 B |
| 87112 Albuquerque | 1,479 | $4.57 | — | 51.2 A |
| 87505 Santa Fe | 1,456 | $5.12 | — | 48.5 B |
| 87105 Albuquerque | 1,431 | $4.84 | — | 49.7 B |
| 87123 Albuquerque | 1,399 | $4.50 | — | 51.2 A |
| 87508 Santa Fe | 1,328 | $5.20 | — | 47.5 B |
Counties in New Mexico
Zip markets grouped by county · click for the county market
| County | Zip markets | Installs |
|---|---|---|
| Bernalillo County | 38 | 25,272 |
| Sandoval County | 17 | 8,698 |
| Santa Fe County | 18 | 6,277 |
| Doña Ana County | 27 | 3,626 |
| Valencia County | 8 | 2,872 |
| Otero County | 13 | 1,968 |
| Grant County | 16 | 904 |
| Luna County | 3 | 588 |
| Chaves County | 6 | 264 |
| Los Alamos County | 2 | 262 |
| San Miguel County | 11 | 251 |
| Rio Arriba County | 21 | 192 |
Utilities and retail rates
Implied residential rate per utility
| Utility | Type | Res. customers | ¢/kWh | Net metering |
|---|---|---|---|---|
| Public Service Co of NM | Investor Owned | 492,945 | 15.6 | ✓ |
| Southwestern Public Service Co | Investor Owned | 100,540 | 12.0 | ✓ |
| El Paso Electric Co | Investor Owned | 94,760 | 10.2 | ✓ |
| Adjustment 2024 | 39,879 | 16.2 | ✓ | |
| City of Farmington - (NM) | Municipal | 35,990 | 12.7 | ✓ |
| Jemez Mountains Elec Coop, Inc | Cooperative | 28,093 | 15.4 | ✓ |
| Kit Carson Electric Coop, Inc | Cooperative | 26,097 | 18.2 | ✓ |
| Continental Divide El Coop Inc | Cooperative | 20,415 | 16.0 | ✓ |
Other solar markets in New Mexico
Three ways to slice New Mexico's 52.8K installations
See how the market splits by sector, by battery attach and by installer, updated with every refresh.
See all breakdownsWhen demand peaks in New Mexico
Quick answers about New Mexico's market
🛡 Why trust SolarDNA data?
How many solar installations are there in New Mexico?
How much does solar cost in New Mexico?
Is the New Mexico solar market growing?
What is the solar adoption rate in New Mexico?
Is New Mexico a good market for solar sales?
How many solar installers work in New Mexico?
How many solar permits were filed in New Mexico?
How current is New Mexico's solar data?
There's a lot more inside the SolarDNA app.
- ◇Zip and city market pages
- ◇Installer league tables
- ◇Territory builder
- ◇Solarizer deal estimates
- ◇Permit activity where reported
- ◇Export the data