PNM Large PV Program
The solar energy incentive program for large photovoltaic systems

If your business relies on PNM for power and you’re interested in adding solar to your facility, consider participating in our Large PV Program.

The PNM Large PV Program is for solar photovoltaic (PV) systems greater than 10 kW up to 1 MW.

PNM offers two incentives that reduce your electric bill:

• PNM REC Purchase Program: Because you’re adding renewable-fueled power to the PNM system, and that helps us meet our environmental goals, we credit your account 15 cents per kilowatt-hour for energy that your facility generates and consumes on site within a given billing period.

• Net metering: When your PV system produces more electricity in a given billing period than your facility uses, PNM will credit your account for the excess.
  • Excess energy is paid at our “avoided cost” rate, which is what it would have cost PNM to produce it.

  If your facility uses more energy than your PV system produces, you will be charged at your usual business rate for the energy PNM provided.

• PNM will send you a check whenever a balance of $200 or more accumulates in your account.

In addition to the PNM incentives, as of Jan. 1, 2009, the federal government is offering a 30% tax credit toward the cost of your system.

Installed customer generation capactiy under the PNM Large PV Program: 127 kW (DC) (Updated 8-30-09.)

Interconnection and net metering rules

Review The N.M. Interconnection Manual and NMPRC rules for large PV systems

Applications and agreements

Download and print the applications needed to participate in the PNM Large PV Program

Interested in installing a solar PV system 10 kW or less? Learn about the PNM Small PV Program
Still have questions? Contact PNM