We’ve ranked the top solar companies in New Mexico based on customer satisfaction, solar services, warranties, financing options and more.
Updated:
Mar 23, 2024
Written by
Faith Wakefield
Faith Wakefield
Edited by
Sabrina Lopez
Sabrina Lopez
New Mexico’s abundant sunshine and generous solar incentives make it an excellent state for solar, and there are dozens of great solar companies to choose from. We’ve ranked each solar company according to cost, financing options, company reputation, warranties and more, and we found that Sunpower are among the highest-ranking providers in the state.
Our solar company ranking methodology is guided by our surveys, research, and discussions with industry experts, company representatives and solar installers. If you’re considering switching to solar in New Mexico, keep reading our solar review to decide which installer is best for you.
See our list of top solar providers based on in-depth research.
Select the provider that best fits your needs.
Get a free, no-obligation quote for your home.
Compare New Mexico Solar Companies
The average cost to go solar is between $15,000 and $20,000, according to our 2023 survey of homeowners with solar. Compare our top-rated providers in New Mexico:
*Pricing is based on responses to two surveys we conducted in 2023 of 2,000 total homeowners with 8 kilowatt (kW) solar systems as well as pricing information obtained directly from SunPower, Tesla, Palmetto and local providers. Your cost may vary.
Top 3 Solar Companies in New Mexico of 2023
- SunPower: Most experienced provider
- Sunrun: Our pick for leasing options
- Sunnova: Our pick for $0 down solar
SunPower
Our pick for most experience
Warranty 25 years
System Cost $24,000–$36,000
Sunrun Solar
Our pick for leasing options
Warranty 12 and 30 years
System Cost $20,000–$25,000
Sunnova
Our pick for $0 down solar
Warranty 25 years
System Cost N/A
What To Look for in a Solar Company
Cost and financing options, trustworthiness and services offered are the top factors to consider when choosing a solar provider in New Mexico.
Cost is one of the most significant factors when choosing a solar installation company and, unfortunately, most solar companies do not offer pricing online. That being said, once you find a company that offers the services, high-quality products and financing options you prefer, you can typically get a free quote when you request a consultation. Additionally, solar incentives in New Mexico will significantly lower the cost of your solar project.
You can read about customer experiences with each provider on the Better Business Bureau (BBB), TrustPilot or Google Reviews websites. However, most of our top-rated providers operate in multiple states. So, for example, although ADT operates across the country, you may want to read Google Reviews on ADT’s Albuquerque location specifically so you can know how local customers feel about the company.
In our 2023 poll of homeowners with solar, 66% of respondents reported purchasing a backup battery with their solar installation, and 44% purchased an electric vehicle (EV) charger. Not every installer offers services like batteries, EV chargers, roofing and energy efficiency audits, so you’ll have to be selective when choosing your installer if you’re interested in these.
Our Recommendation
SunPower and Sunrun are among our top picks for solar companies in New Mexico. SunPower is an industry leader with over 35 years of experience as both a manufacturer and installer. However, if you’re looking for a flexible solar lease, Sunrun may be your best choice.
Overall, New Mexico is a highly favorable state to go solar, and there are also many local options for solar providers that you can choose from, such as NM Solar Group, Positive Energy Solar and OE Solar. We recommend speaking with a solar professional and getting multiple quotes to decide which company best fits your needs.
Benefits of Going Solar in New Mexico
- Excellent solar incentives: In addition to the 30% federal solar tax credit, homeowners with solar are also eligible for a 10% tax credit through the New Mexico state government. On top of this, net metering and property tax exemptions make solar even more affordable in New Mexico.
- Lower electric bills: The average monthly electric bill in New Mexico is $87.31, but this could be up to hundreds of dollars each month if your energy consumption is higher. When you invest in solar panels, you’ll generate your own power, potentially reducing your electric bill to $0.
- Reduce your environmental impact: According to the National Renewable Energy Laboratory (NREL), for every 1,000 kilowatt-hours (kWh) of electricity your solar panels generate, you are saving 1,400 pounds of carbon dioxide emissions. Considering the average U.S. household uses 830 kWh of electricity each month, that’s equal to saving nearly 17,000 pounds of carbon dioxide emissions each year.
New Mexico Solar Incentives and Rebates
New Mexico residents are eligible for both state and federal tax credits, net metering and property tax exemptions that make affordable solar a reality for more homeowners in the state.
Federal Incentives
All U.S. residents who install solar on their homes are eligible for the Federal Solar Tax Credit, worth 30% of their total solar panel system cost. This credit can reduce what you owe in federal taxes by thousands of dollars.
The 30% tax credit is valid through 2032. It will decrease to 26% in 2033 and to 22% in 2034 before it expires in 2035.
State-wide Incentives
New Mexico residents can enjoy additional savings on their solar system through the state’s net metering, solar tax credit and property tax exemption programs:
| Incentive | Savings | Explanation |
| Net metering | No limit | All public utility companies in New Mexico are required to offer net metering, which pays solar customers for the excess energy their solar panels generate. |
| New Mexico Solar Market Development Tax Credit (SMDTC) | 10% of system cost | New Mexico residents who install solar can apply for a tax credit worth 10% of their solar energy system’s cost. Learn more on New Mexico’s Energy, Minerals and Natural Resources Department website. |
| Property Tax Exemption | 100% of increased taxes from the additional value panels add to your property | A solar panel system cannot increase your property’s value in regards to paying property taxes in New Mexico. |
Local Incentives
Local governments in New Mexico have established Residential Property Assessed Clean Energy (R-PACE) programs offering low-interest financing options for renewable energy and energy efficiency projects. To see if there is an R-PACE program in your area, check your local government’s website.
Frequently Asked Questions About Solar Companies in New Mexico
With abundant sunlight and great solar incentives, it’s worth it for most homeowners in New Mexico to install a solar electric system.
Yes. New Mexico offers a solar tax credit worth 10% of your total system cost. This is in addition to the 30% federal solar tax credit.
Given its longstanding reputation as a leader in the solar industry, we chose SunPower as the best solar company in New Mexico. The best company for you will vary depending on any additional services or financing you might be interested in.
Solar panels capture energy from the sun to generate direct current (DC) electricity, which is then converted into usable electricity by your solar inverter.
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