New Mexico Solar Rebates and Incentives
|Program Type||Net Metering|
|Technologies||Photovoltaics and Solar Thermal|
|Amount||Up to 80 megawatts (MWs)|
|Required Documentation|| |
Interconnection agreement sent to customer’s utility for systems up to 10 kW. For larger systems,
additional studies and paperwork are required.
|Official Web Site||http://www.nmprc.state.nm.us/energy/solar.htm#|
New Mexico allows customer-generators producing up to 80 megawatts of electricity to sign up for net metering—the highest in the country.
Customer-generators, businesses and industrial operations may qualify to net-meter. Systems up to 10 kilowatts (more than enough for most homes and small businesses) may sign up using only the interconnection agreement. When customer-generators net meter, they sell any renewable energy credits (RECs) to their utility.
Utilities set the rate at which they reimburse customer-generators for the electricity and generation credits. For net excess generation, net-metered customers must be credited at the utility’s avoided-cost rate for power produced. In addition, the credit either is carried forward to the next month’s bill, or if net excess generation exceeds $50 during a monthly period, the utility will pay the customer-generator for the power produced. Net metering customer-generators producing less than 10.1 kW of power do not need additional equipment other than an inverter capable of being tied to the grid to enter into net-metering arrangements with their utility. The rates paid to customer-generators are set by their utilities.
The three main utilities in the state, PNM, Xcel Energy and El Paso Electric, all offer performance-based incentives in addition to the net-metering payments. The performance-based incentives are purchased by the utilities in the form of RECs. The utilities use the credits to count toward their renewable energy portfolio.
Related Links: New Mexico Solar Installers