Solar Industry in Rapid Growth

All that growth is shining brightly on New Mexico, as well. Homegrown solar companies are reaping huge benefits in the local, national and international markets, with some companies reporting downright spectacular growth.

As of December, Affordable Solar Group – an Albuquerque-based company that sells and installs solar systems internationally – was projecting $48 million in revenue for 2014. That’s up from $31 million in revenue in 2013 and just $8.46 million in 2007.

That firm has made the Flying 40 list of fast-growing companies three years in a row.

“Most of our growth is outside of New Mexico,” said Affordable Solar President Ryan Centerwall. “We’ve opened new locations in the Caribbean, and in California and Las Vegas (Nev.). But the New Mexico market is also still doing very well.”

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