PNM Solar Energy Incentive Program

New customer solar incentive program

• PNM is offering a new customer solar energy incentive program.
  • Effective Aug. 31, 2010, as a result of Final Order Case No. 10-00037-UT
  • A modified version of our renewable energy plan was approved by N.M. Public Regulation Commission.
• Systems up to 1 Megawatt AC installed, qualify.
• Now includes solar thermal electric technologies.
• Net metering incentive is still offered.
• REC Purchase incentive is still offered, however payment levels will change.

Additional details about the new program will be provided in the near future.

If you wish to participate in the new program, complete an application (see links below). PNM will begin processing applications upon approval of the new program tariff.

In brief, the PNM incentives work like this:

• PNM Net Metering: When your solar panels produce more electricity than you use in a given month, PNM credits that energy toward your future bills.
   
• PNM REC Purchase: Because you’re adding renewable-fueled power to the PNM system, we pay you for helping us meet our environmental goals. This is in addition to the credit you receive under the Net Metering incentive.

Learn more

Learn how to participate
Already familiar with the solar energy incentive program? Get applications and review sample agreements
Get advice about solar equipment from the New Mexico Solar Energy Association (nmsea.org)
Review The New Mexico Interconnection Manual and regulations that apply to small PV systems

Interested in installing a solar PV system larger than 10 kW up to 1 MW?
Still have questions? Contact PNM