What does solar cost in New Mexico?

Solar Panel Costs in New Mexico vary by location. 520 solar installers operate across 371 ZIP codes. Use our calculator for a precise estimate.

How many solar installers are in New Mexico?

New Mexico has approximately 520 solar installers across 371 ZIP codes, based on Census Bureau business pattern data.

What is the best area for solar in New Mexico?

Based on our opportunity scoring (walkability, income, and competition), the top-rated area in New Mexico is ZIP 87122 with a score of 100/100. See our full rankings for the top 20 locations.

Is New Mexico a good market for solar?

New Mexico rates as a challenging market for solar with an average opportunity score of 30/100. The score factors in walkability, median income, population density, and existing competition across 371 scored ZIP codes.

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Solar Panel Costs in New Mexico

Aggregated from 371 ZIP codes · Data updated March 2026

Best Markets in NM ›

Avg Opportunity Score

Challenging

2.1 Million

Total Population

$44 Thousand

Avg Median Income

520

Registered Solar Installers

New Mexico has 520 registered solar installers across 371 ZIP codes, serving a population of 2.1 Million. Median household income averages $43,967 — 31,033 below the national median.

Hard market. The 30/100 average reflects real headwinds: permit costs, thin population density, or low foot traffic in most ZIP codes. The top performers are outliers, not the norm. Average competition density: 1.4 businesses per ZIP.

Top ZIP Codes in New Mexico

See all 20 ›

ZIP 87122 Pop. 19 Thousand

$160 Thousand

med. income

100

score

ZIP 87547 Pop. 5.6 Thousand

$150 Thousand

med. income

100

score

ZIP 87043 Pop. 4.4 Thousand

$110 Thousand

med. income

score

ZIP 87506 Pop. 16 Thousand

$91 Thousand

med. income

score

ZIP 87116 Pop. 4 Thousand

$79 Thousand

med. income

score

ZIP 87501 Pop. 15 Thousand

$81 Thousand

med. income

score

ZIP 87113 Pop. 16 Thousand

$92 Thousand

med. income

score

ZIP 87109 Pop. 39 Thousand

$56 Thousand

med. income

score

ZIP 88312 Pop. 3.2 Thousand

$95 Thousand

med. income

score

#10

ZIP 88011 Pop. 31 Thousand

$75 Thousand

med. income

score

Best Markets

See the top 20 ZIP codes in New Mexico ranked by opportunity score with full breakdowns.

Best Solar Installers Markets in New Mexico

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Data sources: Census Bureau American Community Survey 2023, USDA National Walkability Index 2021, County Business Patterns 2022, FDIC Summary of Deposits 2023.