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I have not found any solar energy residential programs available to residents in the state of New Mexico. Why aren't there any solar energy residential programs available in the state of New Mexico? -Danny
The SunShot Solar Outreach Partnership has been tasked with helping accelerate adoption of photovoltaic (PV) solar at the local level by providing timely and actionable information to local governments.
The Database of State Incentives for Renewables and Efficiency (DSIRE) website is a federally-funded database that provides summaries of every federal, state, and utility financial incentive and regulatory policy that supports the use of renewable energy and energy efficiency across all 50 states. You can use DSIRE’s search tool to find all the applicable incentives for residential solar in New Mexico.
In short, there are state and federal tax credits for PV, and if you’re a customer of one of the three investor-owned utilities in New Mexico, you may qualify for a performance-based incentive. Each of these utilities has a renewable energy credit (REC) purchasing program, which is available to residential and commercial PV systems. The utilities purchase these RECs to demonstrate compliance with New Mexico’s renewables portfolio standard, which requires them to have a certain portion of their generation portfolio come from renewables. These REC-purchasing programs will pay a PV owner over time based on the amount of electricity the system generates. These payments are also in addition to net metering, which allows a system owner to use the power they generate on-site, and receive bill credits for any excess electricity they generate during the month.
You can read more about the REC-purchasing programs, and find contact information for the program administrators, by following these links:
- El Paso Electric Company - Small and Medium System Renewable Energy Certificate Purchase Program
- PNM - Performance-Based Solar PV Program
- Xcel Energy - Solar*Rewards Program
And you can read more about the tax credits by following these links:
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