In partnership with US Solar, a developer, owner, operator, and financier of solar generation and storage projects with a focus on emerging markets and community solar programs, National Trust Energy Capital made an equity investment in a portfolio of community solar projects across New Mexico expected to generate $48.5 million in solar investment tax credits (ITCs).

The five ground-mounted community solar projects will add approximately 22.2 MW of solar capacity across Hidalgo, Luna, Doña Ana, and Valencia Counties in central and southwestern New Mexico. The energy credits will serve commercial and industrial customers representing 48% of project output, as well as a broad portfolio of residential customers representing the remaining 52%. The residential allocation is expected to serve primarily low- and moderate-income households, exceeding New Mexico’s 40% program requirement. These households are expected to receive a 28% discount on their community solar bill credits, helping make clean energy more accessible while delivering meaningful household savings. Commercial and institutional subscribers, including municipalities, schools, and community organizations, are expected to receive significant savings. 

All five projects are expected to qualify for federal Energy Community and Low-Income Communities incentives, reflecting both their locations in qualifying energy communities and their commitment to delivering more than half of the financial benefits from the electricity generated to qualifying low-income households. The projects are also supporting local participation through US Solar’s partnership with Sol Luna Solar, a New Mexico-based contractor overseeing construction. Once operational, the installations will generate renewable energy on sites historically used as vacant, agricultural, grazing, or otherwise undeveloped land, while delivering long-term savings to participating community members. 

Founded in 2014, US Solar is a developer, owner, operator, and financier of solar generation and storage projects with a focus on emerging state markets and community solar programs. The company helps utilities, partners, communities and residents expand access to clean energy across the country and save on electric costs. With more than 350 Megawatts of completed projects and over 2 Gigawatts in development or construction, US Solar is trusted nationwide. Visit www.us-solar.com to learn more.