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4 Best Solar Companies in New Mexico (2024 Guide)

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Default Author Icon Written by Tamara Jude Updated 04/18/2024

New Mexico is a solar energy powerhouse. Thanks to the Solar Rights Act of 1977, solar energy is a property right in the state. There’s also no shortage of sunshine, whether you live in Las Cruces, Albuquerque, Santa Fe, Rio Rancho, or somewhere in between.

We have researched the best solar panel installers in the United States, analyzing services, pricing, warranties, and more. This guide breaks down the best solar companies in New Mexico.

Compare Solar Companies Across NM

Company Star Rating Warranties Payment Options Link
10–25 years Full purchase, loan, lease, PPA GET QUOTE
25 year manufacturer coverage Full purchase, loan GET QUOTE
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New Mexico’s Top Solar Energy Companies

These are our top picks for the best solar installers in New Mexico.

SunPower: Best Overall
Sunrun: Runner-up

Our Top Solar Company Picks for New Mexico

Sunrun Best Solar Panel Leasing
  • Why We Picked It: Sunrun is a great choice for New Mexico residents looking for payment flexibility. It offers four financing options with full-service protection.
Pros and Cons
Pros Includes theft and damage coverage Offers online chat for customer service Provides daily monitoring to ensure system health and functionality Cons Has limited details about products and plans online Varies solar panel and battery availability by region
Sunrun Solar Details

Sunrun offers four unique financing options: a full-system purchase, full-amount lease, monthly lease, and a monthly loan. Lease customers receive full coverage for damage, theft, and deterioration. Purchase and loan customers can add this coverage through the Protection Plus subscription service. Sunrun will fix your solar panel system for free if it experiences energy efficiency decreases.

Learn more: Sunrun review

Tesla Solar Best Solar Tech

We chose Tesla because it is available nationwide and produces some of the most respected solar products in the industry. Not only is the company known for its solar panels, but it’s also behind the Powerwall, one of the most popular solar batteries. You can also choose to install a Tesla solar roof that uses solar shingles instead of panels for those who want to use solar energy but don’t like how visible panels are on their roof.

Pros and Cons
Pros Provides transparent online quotes and detailed pricing Offers up to 10 Tesla Powerwalls per installation Sells solar roofing that replaces your entire roof, improving curb appeal Cons Limits system size to four choices Provides third-party installations only Some customers cite long wait times for repairs
Warranty and Financing

Tesla offers a 25-year system performance warranty and a 10-year comprehensive product and workmanship warranty.

Financing Options
✔ Full purchase
✔ Loan

Reputation and Awards

Tesla has an A+ BBB rating. The company introduced the Tesla Powerwall, one of the market’s most popular solar batteries. Its impressive solar technology includes solar panels, the Tesla solar roof, and the Tesla inverter. We noted Tesla customer reviews praising the company’s panel and Powerwall performances.

Green Home Systems Best Solar Roofs
  • Why We Picked It: Green Home Systems is a great choice for customers wanting to maintain their home’s aesthetic while reaping the benefits of solar energy. GHS offers an innovative and attractive solar roofing system, helping to avoid the clunky look of traditional solar panels.
Pros and Cons
Pros Has high-rated customer reviews Offers solar energy storage and backup generators Provides an interactive project map for their services Cons Products offered can be expensive Reviews mention long wait times for installations
Green Home Systems Details

Green Home Systems (GHS) offers a wide range of high-efficiency and high-quality solar panels. The company also provides a unique solar roofing system made of solar shingles that function as both your roof and small monocrystalline panels. These roofs protect your home from the weather while generating clean energy. They’re less noticeable than traditional solar panels and ideal for customers concerned with preserving their home’s look.

GHS provides a variety of solar batteries and backup generators. It has two financing options: full purchase and solar loan. GHS offers $0 down financing for qualifying loan customers.

There are many statewide and federal incentives that reduce solar panel installation costs. Here are the current rebates and solar incentive programs for New Mexico residents.

The federal solar tax credit, or Solar Investment Tax Credit (ITC), provides a reduction on federal taxes equal to 30% of solar system installation costs. The ITC will drop to 26% in 2033 and lower to 22% in 2034. It’s set to expire in 2035.

Net metering allows you to collect credit on your energy bill for unused energy produced by your solar power system. Unused credits carry over month-to-month and are paid to you at the utility company’s energy rate if unused.

New Mexico’s Solar Rights Act established the right to use solar energy as a property right in 1977. This prevents neighboring property owners from building, planting, or installing anything that would block or restrict your access to sunlight. Though this isn’t a cashable incentive, it ensures your solar investment is protected and will continue to add property value to your home.

Most home improvements are taxable in New Mexico, but solar energy systems are an exception. This means you can add value to your home without increasing your property taxes.

Our Conclusion

We recommend SunPower as the best solar panel installation company for homeowners in New Mexico. It is our top pick due to its flexible payment options, comprehensive protection, and for producing a highly efficient solar panel system. We recommend requesting a free quote from at least three companies on our list to compare pricing and services accurately.

Other New Mexico Home Service Resources

FAQ About Solar Companies in NM

Does New Mexico have a solar tax credit incentive?

Yes, New Mexico offers a state tax credit of 10%. This can be applied to purchasing your solar panel system and cannot exceed a credit of $6,000 per taxpayer annually.

How much do solar panels cost?

The average solar panel installation cost in New Mexico is $13,345–$18,055, or $2.67–$3.61 per watt.

Is New Mexico a good place for solar panels?

New Mexico is an excellent place for solar panels. There’s lots of sunshine, and the state offers great solar incentives.

How do solar panels help the environment?

Solar panels help the environment because they don’t produce greenhouse gasses. Using renewable energy from a photovoltaic (PV) system can reduce or replace traditional energy sources and decrease pollution.

Our Rating Methodology

We are committed to providing comprehensive and unbiased reviews to our readers. After over a thousand hours of research on solar companies, interviews with experts, and common customer needs, we’ve created a detailed rating system for solar providers based on six factors:

  • Solar equipment, installation, and services (25%)
  • Warranty and performance guarantees (25%)
  • Brand reputation and certifications (15%)
  • Financing options (15%)
  • Experience (10%)
  • Availability (10%)

Total scores are divided by 20 for a final 5-point rating scale.

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