The Economic Development Corporation of Lea County (EDCLC) is a private, non-profit organization dedicated to recruiting new, quality businesses to Lea County and assisting with retaining and expanding the existing industry.
Lea County is a unique intersection of our state’s major energy industries, earning it the EnergyPlex, moniker. The EDCLC works closely with renewable energy companies, providing support for parties interested in locating or expanding into Lea County. Under their leadership and welcoming atmosphere, Lea County has seen promising growth in renewable energy development in the area in recent years.
With 320 days of sunshine a year, Lea County provides an advantageous location for solar development. Further, the National Renewable Energy Laboratory ranks New Mexico among the top 10 states for wind potential.
As of late 2020, Lea County is home to nearly 60 megawatts of clean wind energy. As Lea County continues to complement its oil and gas production by diversifying into wind and solar power, the county can expect to see growing economic opportunities for residents.
The EDCLC has compiled a helpful database of renewable energy incentives available to renewable energy projects and manufacturers in the area, including the Advanced Energy Deduction and Advanced Energy Tax Credit, the Alternative Energy Product Manufacturer’s Tax Credit, and the Renewable Energy Production Tax Credit.
Their yearly EnergyPlex Conference is the capstone of their efforts to facilitate energy development in the area, offering an in-depth look at different energy industries within Lea County and the opportunity to network with industry professionals. Watch this year’s event.
The EDCLC is a member of the Powering New Mexico coalition.