#United States #Albuquerque #New Mexico #Community Solar #Solstice Power

New Community Solar Initiative in New Mexico

The New Mexico sun has long been a blessing, and now its rays will shine even brighter as the state launches its community solar program, aimed at providing clean, affordable energy to its residents. Officially signed into law in 2021, this initiative not only promises energy savings but also vast economic benefits across the region.

What is Community Solar?

Community solar involves subscribers who share a portion of a local solar farm instead of relying solely on traditional rooftop solar panels. This approach allows those without suitable rooftops or the means to install panels to still benefit from solar power. The interconnected solar facilities service the grid, and in return, subscribers receive solar energy credits on their utility bills, translating to reliable monthly savings.

Economic Impact and Job Creation

In line with the initiative's launch, a comprehensive study from the University of New Mexico has projected remarkable outcomes. It estimates that by harnessing the power of community solar, over 3,700 new jobs could be created, contributing an economic impact of approximately $517 million within the initial five years of the program. This not only addresses energy needs but also fuels local employment and economic growth.

Solstice Power Takes the Lead

Solstice Power Technologies, a prominent provider of community solar solutions, has stepped in to facilitate this transition. With over 18,000 subscribers already across the nation, they are now opening enrollments for New Mexico residents and enterprises with the promise of achieving up to 28% savings on electricity bills. Notably, Solstice's approach aligns with community values, striving for inclusive access to renewable energy.

Dr. Ann Lyn Hall, CEO of Prosperity Works, emphasizes the significance of this program, stating, "We aim to enhance sustainability and equity. Partnering with Solstice to promote community solar helps families save on their electricity expenses while supporting local clean energy initiatives. Opening online enrollment means everyone can benefit, enabling a win-win situation for our communities."

Simple Enrollment Process

Enrolling in the community solar program is designed to be user-friendly. Prospective participants can complete the process online in just a few minutes. After registration, they will be linked to a nearby solar farm. Once operational, participants start receiving credits on their electricity bills reflecting their contribution to solar energy, all without investing in panels or equipment.

Inclusive Savings for All

New Mexico's community solar program emphasizes accessibility, mandating that a minimum of 30% of each solar project's capacity is designated for income-qualified households, ensuring equitable energy access. These qualifying households can enjoy substantial discounts of up to 28%. Additionally, a section of the capacity is reserved for local businesses, offering them a 10% savings opportunity.

Solstice is currently enrolling customers from Public Service Company of New Mexico, with upcoming spots for Xcel Energy and El Paso Electric customers.

How to Get Involved

Individuals interested in benefiting from the New Mexico community solar program can find further information and check eligibility at Solstice's dedicated site. To explore the program's details, visit New Mexico's Community Solar Program webpage.

About Solstice Power Technologies

Founded in 2015, Solstice is driven by the mission to provide every community with equitable access to clean energy solutions. By linking households and enterprises to community solar farms, Solstice aims to cut utility expenses without initial costs. They also push forward innovative financing solutions and support environmental justice projects, thereby delivering sustainable energy benefits to under-resourced communities.

For more information about Solstice and its initiatives, visit their website.