Solar Energy Incentive Program:
REC Prices

REC price determination

The price PNM will pay you for renewable energy certificates - called "RECs" - generated by your solar energy system is determined when your application is considered complete by PNM.

• REC prices are based on the size of the installed system.

PNM will:

• Notify you within 10 business days if your application is complete.
• Notify you of the REC price you will be receiving.
  

REC price tables will be updated weekly. Tables last updated on: 05/22/2013

Small Solar -Systems up to 10 kWAC
Capacity is available from January 1, 2013 to June 30, 2013
Total Available Capacity	3758 kWAC
Capacity Reserved	1005 kWAC
Percent Reserved (%)	27 %
Capacity Remaining	2754 kWAC
Percent Remaining (%)	73 %
REC price per kWh	4¢

 

Systems larger than 10 kWAC up to 100 kWAC
Capacity is available from January 1, 2013 to June 30, 2013
Total Available Capacity	1603 kWAC
Capacity Reserved	260 kWAC
Percent Reserved (%)	16 %
Capacity Remaining	1343 kWAC
Percent Remaining (%)	84 %
REC price per kWh	5¢

 

Systems larger than 100 kWAC up to 1 MWAC
Capacity is available from January 1, 2013 to December 31, 2013
Total Available Capacity	2000 kWAC
Capacity Reserved	2000 kWAC
Percent Reserved (%)	100 %
Capacity Remaining	0 kWAC
Percent Remaining (%)	0 %
REC price per kWh	2¢