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Solar Lease Payments and Royalties in New Mexico

Quick answer

Buckhead Energy buys solar lease payments and solar royalties. New Mexico has 86 utility-scale solar plants of at least 1 MW, with 2,600.1 MW (AC) of capacity across 24 counties, according to the U.S. Large-Scale Solar Photovoltaic Database (version 4.0, released April 14, 2026).

Utility-scale solar plants by county in New Mexico

McKinley County, Bernalillo County and Sandoval County have the most utility-scale solar capacity in New Mexico, with 508 MW (AC), 356.7 MW (AC) and 255.6 MW (AC).[1]

Utility-scale solar plants in New Mexico came online between 2010 and 2025.[1]

The table lists the 18 counties with at least 20 MW (AC) in total, each with its own page.[1] Counties with less than 20 MW (AC) in total: Santa Fe County (9.5 MW), Lincoln County (3 MW), Sierra County (2.9 MW), Curry County (2 MW), Grant County (1 MW) and Los Alamos County (1 MW).[1]

CountyPlantsCapacity (MW AC)Online
McKinley County35082018–2024
Bernalillo County10356.72011–2024
Sandoval County7255.62013–2025
Valencia County8254.12013–2024
Rio Arriba County52442019–2025
San Juan County12002024
Chaves County5173.12011–2023
Otero County5147.42011–2023
Luna County491.22013–2017
Cibola County4642015–2019
Torrance County2522018–2019
Lea County5452011–2017
Doña Ana County544.82011–2021
Colfax County341.42010–2021
Eddy County229.92011–2023
San Miguel County426.52011–2019
Quay County1252016
Taos County5222011–2021

Source: U.S. Large-Scale Solar Photovoltaic Database (USGS, LBNL), version 4.0, released April 14, 2026. Data compiled November 1, 2026.

How solar leases pay

Federal guidance for farmers describes solar lease payments as typically structured as a fixed annual or monthly fee per acre, or as a percentage of the energy generated by the solar panels.[2] Rent during the operations period will likely include an inflation adjustment, which may be tied to a measure like the Consumer Price Index or set at a fixed rate.[3] Solar lease agreements can last 20 to 30 years.[4]

What you sell and what you keep

What Buckhead buys depends on the deal, and Buckhead tells the seller up front which interest it is offering to buy — for example, the payments for the rest of the current lease term, a term easement, or a longer-term interest. Solar rent is paid period by period, the operations period may last 20 years or more, and renewals are at the developer's option.[3] The land can be converted back to agricultural uses at the end of the installation's operational life.[2]

Educational information only — not legal, tax, or investment advice. The figures are public reference data, not a valuation or appraisal of any interest. Consult a qualified attorney, CPA, or landman about your specific situation.

Frequently asked questions

How many utility-scale solar plants are in New Mexico?

New Mexico has 86 utility-scale solar plants of at least 1 MW, with 2,600.1 MW (AC) of capacity across 24 counties, according to the U.S. Large-Scale Solar Photovoltaic Database (version 4.0, released April 14, 2026).[1]

Which New Mexico counties have the most solar capacity?

By recorded capacity, the leading counties are McKinley County (508 MW AC), Bernalillo County (356.7 MW AC), Sandoval County (255.6 MW AC), Valencia County (254.1 MW AC) and Rio Arriba County (244 MW AC).[1]

Can I sell solar lease payments or royalties in New Mexico?

Buckhead Energy buys solar lease payments and solar royalties. What Buckhead buys depends on the deal, and Buckhead tells the seller up front which interest it is offering to buy — for example, the payments for the rest of the current lease term, a term easement, or a longer-term interest.

When were New Mexico's utility-scale solar plants built?

Of the plants with a recorded year, 64 came online in the 2010s and 22 in the 2020s.[1] Solar lease agreements can last 20 to 30 years.[4]

Related pages

Selling Solar Lease Payments and Solar Royalties

Mineral rights in New Mexico

Wind Royalties and Lease Payments in New Mexico

Coal Mineral Rights and Royalties in New Mexico

Sources

[1] U.S. Large-Scale Solar Photovoltaic Database (version 4.0, released April 14, 2026) — U.S. Geological Survey and Lawrence Berkeley National Laboratory (accessed November 1, 2026)

[2] Farmer's Guide to Going Solar — U.S. Department of Energy (accessed November 1, 2026)

[3] Farmland Owner's Guide to Solar Leasing — Ohio State University Extension and the National Agricultural Law Center (accessed November 1, 2026)

[4] Solar Lease Considerations for Landowners — Texas A&M AgriLife Extension (accessed November 1, 2026)

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