NM Solar Group Becomes Employee Owned

NM Solar Group NM Solar Group   

I started NM Solar Group in 2015.   It had always been my dream to start a company.   I had been warned of all the risks and challenges, but they didn't scare me. In my heart, I knew I could do it.   

 As the son of entrepreneurial parents, I learned that the key to any successful business venture is hard work. Quite simply, I was taught that if you just kept the faith and kept working, eventually you’d get to the other side. So that was what I did.

 The first year of NM Solar Group was very easily the hardest year of my life to date.  As any prospective small business owner will tell you, being solely responsible for the success of your dream can be daunting.

Throughout the stresses of the first year, there were several months where I was sick to my stomach every single minute of every single day. It was during that time that I realized the true challenges of entrepreneurship. No one wanted to help with anything; prospective advertisers, software programmers, and other business owners took advantage of me. I had never felt so alone or frustrated.

 But I stuck to my dreams and to parents’ advice. I worked hard, I kept the faith and piece by piece, NM Solar Group came together. In year two, with the right people by my side, the business grew 500%. What a miracle.

 With growth, comes problems. As the demand for solar increased, the need for NM Solar group to expand was apparent so we migrated from our home base in Albuquerque and established a second location in Alamogordo. Initially, working in both Alamogordo and Albuquerque proved to be much more difficult than I could’ve imagined. However, thanks to the great people in Alamogordo, and their acceptance of us, the expansion paid off. We were able to bring our solar services to an entire community; they took care of us and we took care of them. Still, having so much growth and only having one me made it somewhat scary to be the sole owner of an LLC.

 NM Solar Group quickly became the largest residential solar installer in the state of New Mexico. Our success is primarily attributed to our fair pricing, honest dealings and customer focused values. With all of this evolution and activity, I wanted the culture to continue. I wanted the company to succeed. I wanted the employees who built the company to be rewarded for the hard work. But wanting it wasn’t enough and I knew I needed guidance in getting us to where we wanted to go.

 During my research, I explored many different options: business brokers, venture capitalists, partners or even franchising but still, nothing felt quite right. As a company, we had built such an amazing culture of honesty, hard work and trust. I had to protect it! And as I learned more about ESOP programs, I knew it was the right fit.

 By choosing the Employee Stock Option Plan (ESOP), the employees that have worked tirelessly to build this company become it's true owners. That’s right, I’ve sold NM Solar Group! But to the best buyers around: my employees. As an authentically employee-owned company, NM Solar Group will continue to service our clients and provide the best experience possible. Prior to organizing the ESOP, I worked hard to build the best executive team, the best project management teams and the best install crews possible. It was no easy feat and it was certainly not without hardships, but we did it. 

 So what changes? Giving each employee a vested individual interest in the company’s success guarantees that we will reach new heights in our achievements as a team. It means that every screw on every system will be fastened by an owner of the company. Every service call placed to an NM Solar Group employee will be placed to an owner of the company. The person sweeping the floor in the warehouse? You guessed it. An owner. The successes and challenges of the business will be shared by every employee at NM Solar Group which means our team really, truly cares.

 NM Solar Group’s mission is to do as much solar as possible, the right way. I fully believe in our mission, more so every day. Over the past few years, the solar coaster has been more intense than I could’ve imagined but I am looking forward to continuing to lead the company, now as an employee. In doing so, NM Solar Group will continue to lead the industry and personally, I hope to continue to bring solar to home and business owners throughout New Mexico.

 NM Solar Group, a local and employee-owned company, would love to bring solar to your home and into your community. We are, without a doubt, the best solar provider for New Mexicans. We’re helping homeowners, we’re growing and we sure aren’t done yet. 

--- Ryan Wallace, Founder of NM Solar Group

New Mexico Deficit

New Mexico Deficit On The Rise

Solar energy companies in Albuquerque

New Mexico is currently running a large financial deficit.  The New Mexico deficit has been caused by many different things.

Mainly, the fact that we hung our hat on oil and gas and population growth in New Mexico is negative.

A lot of people want to blame Susana for this New Mexico deficit, but for me I blame the state as a whole.   WHY AREN'T WE FOCUSING ON OUR GREATEST ASSET?   The sun.

Best Sun In Unitied States

We have literally the best sun in the entire United States for solar.   This asset can't be duplicated in any other state.

New Mexico solar is where it is at!  We have a solar panel testing facility in Albuquerque called CFV that tests solar panels from all over the world because of our great sun.

The irradiance that is produced is 30-40% more than San Diego.   Many consider San Diego the capital of solar in the USA.

Transmission Lines Are Available

New Mexico as a state has decided to start shutting down the Four Corner power plans that do coal.   Their is a transmission line that could allow us to push electricity to California.

Why don't we sell them electricity produced by a large solar farm?    California currently buys electricity at about twice the rate than New Mexico does.

If we produced electricity for them we could not only get our deficit under control, but we could create a wealth never before seen in New Mexico.  We have the sun.

We have the transmission line.  All we need is some action.

Debt Free Solar Company in Albuquerque

Nm Solar Group LLC is currently now operating completely debt free.

We charge the lowest amount per watt in the state out of any other solar company doing any type of volume (aka legally operating).

We have only had five star reviews from our clients and haven't ran into a single problem we haven't been able to overcome.   Join up with us and lets use the greatest asset New Mexico has.   The sun.

Let Us See If We Can Help You Get Electricity FREE

If you are interested in talking to someone about solar for your home or business, we would love the chance to talk to you.

Please call us at (505) 415-6172 or you can use our contact form, just provide a small amount of information and we can get an idea of what will work for you, just click this link.

We are fast becoming the go to solar company in Albuquerque and soon around the state of New Mexico. Call or contact us, we would love to hear from you.

SolAero Technologies

SolAero Technologies and One Web Satellites are teaming up bringing high speed internet to the entire world and they are doing it with solar.

Right now if you want high speed internet you have to have cables run underground to your place of residence often times "fiber"... Solaero is working on a way to do it without any cables.

They are sending satellites into space along with OneWeb to do this.

Solar Panels Made Here in Albuquerque

The satellites are powered by super efficient solar panels that are being made right here in Albuquerque, New Mexico.

We won't be using these panels (not for terrestrial use) with NM Solar Group, but any solar done right is good solar.

LEDA and JTIP are great incentives that really helped pull in these 100 new jobs to ABQ metro.

Nm Solar Group loves seeing the progression of New Mexico 🙂

Reach out to us at nmsolargroup.com or call us at 5054156172.

Owning your solar in New Mexico is the way to go for the New Mexican.

Reach out to the growing and soon to be go to Albuquerque solar company, you will be glad that you did, we can save you money.