According to the BLGF 2021 data, the town of Solano has the highest locally sourced revenue (LSR) of all the municipalities in Region 2 making it one of the notable economic hubs in Cagayan Valley.

The town was later moved and formally founded in 1767 by Father Alejandro Vidal, a Dominican priest who led a Spanish mission.

In 1851, Governor General Antonio Urbiztondo declared Lumabang a barrio of Bayombong for not having sufficient inhabitants and revenue to maintain itself.

Governor General Ramon Solano y Llanderal authorized the separation of Lumabang as barrio from Bayombong.

The town was redeveloped by Father Juan Villaverde in 1889,[5] and the poblacion consisted of 14 parallel wide streets, each having a width of 20 meters.

(Nueva Vizcaya Lone District) Under the Spanish regime, Solano (then Bintauan) was ruled by a gobernadorcillo, which was elected by the cabezas de barangay (barangay heads) which represented the survival of the earlier tribal organizations and were responsible for the tributes of their groups.

It was during this time when a new province, Isabela, was created, carving a portion of Nueva Vizcaya and a part of Cagayan.

It was during this time when the Royal Decree of the Central Government came, stopping the use of the title gobernadorcillo and in its stead capitán municipal was to be used.

It coincides with Solano's founding anniversary, as well as the feast day of the town's patron Saint Louis Beltran.

[22] Tourist attractions and sites of interest in Solano include: The Schools Division of Nueva Vizcaya governs the town's public education system.