State Overview
New Mexico
National Solar Capacity Ranking: 17th
National Energy Storage Capacity Ranking: 5th
Updated June 2026
New Mexico State Solar Overview
Solar is an important and growing part of New Mexico’s economy, supported by strong resource potential and continued investment. Significant additional growth is expected in the coming years. Recent manufacturing investments and solar projects reflect the positive environment for solar and storage market growth.
New Mexico Policy Priorities:
- New Mexico’s Renewable Portfolio Standard (RPS) sets a statewide standard for utilities to provide 50% renewable energy by 2030 and a goal of 80% by 2040. SEIA continues to support this important policy.
- SEIA, in collaboration with state affiliate Renewable Energy Industries Association of New Mexico, continues to advocate for policies supporting distributed energy growth. The state currently offers important solar tax credits.
- SEIA is actively advocating in Public Regulatory Commission proceedings to establish a successful and sustainable community solar program in the state.
New Mexico Major Solar and Storage Projects
SEIA’s Major Solar and Storage Projects List is a database of all U.S. ground-mounted solar projects, 1 MW and above, that are either operating, under construction or under development.
Official SEIA State Affiliate
Just The Facts
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Solar Installed (MW):
4,291 MWdc
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Storage Capacity
4,153 MWh
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National Ranking:
17th (15th in 2025 additions)
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Enough Solar Installed to Power:
1,061,477 homes
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Percentage of State's Electricity from Solar:
17.78%
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Solar Jobs:
2,141
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Solar Companies in State:
75 (13 Manufacturers, 39 Installers/Developers, 23 Others)
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Total Solar Investment in State:
$6.9 billion
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Growth Projection and Ranking:
4,207 MW over the next 5 years (ranks 17th)
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Number of Installations:
63,507
New Mexico State Solar Policy Resources
- DSIRE Incentives Database – New Mexico – Search a public clearinghouse for specific solar energy incentives in New Mexico and across the United States
- New Mexico Public Regulation Commission – Learn about the governing body that regulates the electricity rates and services of New Mexico public utilities
- New Mexico Solar Panels Overview – Learn about the history of solar policy in New Mexico, along with up-to-date pricing information on EnergySage
- New Mexico State Legislature – Track pending legislation affecting solar energy, locate and contact individual legislators, and stay up to date on current legislative issues in New Mexico
- Solar Panel Cost in New Mexico – Learn about the history of solar policy in New Mexico, along with up-to-date pricing information on EnergySage
- Solar Rebates & Incentives in New Mexico – Check out EnergySage’s list of key solar incentives in New Mexico to see what programs you can benefit from
- State Affiliate: Renewable Energy Industries Association – New Mexico
- U.S. Energy Information Administration – New Mexico State Profile – Explore official energy statistics, including data on electricity supply and demand, from the U.S. government
New Mexico State Consumer Protection
In addition to general consumer protection laws prohibiting deceptive practices, New Mexico has enacted solar-specific protections under N.M. Stat. Ann. § 57-31-1 et seq. Solar companies are required to provide a standardized disclosure form issued by the New Mexico Attorney General. For third-party owned systems, payments cannot begin until the system is interconnected and operational, and contractors must provide proof of permits and completed inspections within 30 days of project completion. Any marketing materials that include savings estimates must clearly disclose underlying assumptions and include appropriate disclaimers regarding the use of historical data.
New Mexico Energy Storage Policy and Market Overview
New Mexico has a supportive policy and regulatory foundation for energy storage, with reforms aimed at improving grid resilience, integrating distributed energy resources, and increasing transparency in utility planning. The state has implemented streamlined interconnection processes and requires utilities to consider storage in integrated resource plans, helping to lay the foundation for future deployment.
New Mexico Energy Storage Policy Resources
- Electric Grid Modernization Program – New Mexico’s comprehensive plan to advance storage, renewable energy, and grid resilience. Find detailed reports on storage, advanced metering, and more.
- Grid Modernization Advisory Group Report on Storage – Detailed plans by the state to advance energy storage procurement through the Grid Modernization Program.
- NMPRC Ruling on Interconnection Regulations – Rulings and regulations for fast-track interconnection approvals.
- Energy Storage Cost in New Mexico – Up-to-date storage and solar-plus-storage pricing and find installers in New Mexico on EnergySage.
- New Mexico Public Regulation Commission – Governing body that regulates the electricity rates and services of New Mexico public utilities, search for regulatory dockets, programs, and initiatives.
- New Mexico Legislature – Pending, passed, and historical legislation affecting energy storage and battery systems, locate and contact individual legislators, and stay up to date on current legislative issues in New Mexico.
Data References
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