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Is Mexico a good place to install solar panels?

Mexico is well suited for residential rooftop solar installations, and we expect the market to grow by roughly 10% to 15% annually through 2025. With the high cost of electricity, many are being encouraged to convert their systems to solar. This can also help tackle the uncertainty of blackouts in regions that have a higher risk of power outages.

Do solar panels need a permit in Mexico?

In fact, systems below 500 kWp do not need any permitting and can reduce energy spending by up to 40%. Mexico is well suited for residential rooftop solar installations, and we expect the market to grow by roughly 10% to 15% annually through 2025. With the high cost of electricity, many are being encouraged to convert their systems to solar.

How much do solar panels cost in Mexico?

Solar panels in Mexico cost an average of $3.07 per watt, and we expect this to decrease further as the development of solar projects becomes more commonplace. The Government of Mexico (GoM) has also helped to support the development of solar generation across the country, taking advantage of Mexico’s average of 300 days of sunshine a year.

Does Mexico have a solar energy sector?

Mexico is also supporting its solar operations with the development of several solar energy plants that include lithium-ion battery storage facilities. However, the sector still faces some restrictions such as a lack of land for solar operations.

How many solar parks does Mexico have?

At the utility scale, Mexico has more than 60 utility-scale solar parks across 15 states, with a combined investment of more than $8 billion. Mexico is also supporting its solar operations with the development of several solar energy plants that include lithium-ion battery storage facilities.