New Mexico… One of the Nation’s Top Producer of Crude Oil Emerges as Solar Leader
New Mexico, one of the nation’s top producers of domestic crude oil, is emerging as a leader in solar. In 2011, it ranked fourth among the states for the amount of solar power installations. In 2010, the Land of Enchantment was in seventh place. Why the sudden boost? Their utilities are under a tight deadline to provide power from renewable energy sources by the end of this year. There are also plenty of incentives that have been enticing homeowners and business owners whether they’re on or off the grid. Solar incentives in New Mexico mainly come in the form of tax credits and exemptions, net metering and production based-incentives. Read more.