PNM SolarPV

We're glad you're considering adding solar energy to your home or business.

Using the power of the sun to generate your own electricity is smart for you and smart for the environment.

• Smart for you because the energy you produce and use reduces your PNM electric bill.
• Smart for the environment because solar PV systems produce clean, renewable energy that reduces greenhouse gas emmissions and saves water.

The PNM Small PV Program pays you in two ways:

• Metering credit: 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 also pay you 13 cents per kilowatt-hour for helping us meet our environmental goals.

Tax credits

Not only does PNM offer two ways to reduce your electric bill, but generous federal and state tax credits make investing in a solar PV system even more affordable.

• The federal government is offering a tax credit for 30% of the cost of your system.
• The state of New Mexico is also offering a tax credit for up to 10 percent ($9,000 max.) of the cost your system.

Find out more about tax credits for solar PV equipment and installation (emnrd.state.nm.us)

Learn more

Get answers to common questions about the PNM Solar PV Program (.pdf)
Steps to get started
Find a list of solar PV installers who can provide bids at New Mexico Solar Energy Association (nmsea.org)
Estimate costs and system size at Solar Estimate.org (solar-estimate.org)
Review The New Mexico Interconnection Manual and regulations that apply to small PV systems

Questions

If this information doesn't answer your questions, please call us at 505-241-2750 or e-mail the PNM Small PV Program.

The PNM Small PV Program is for home or business small solar photovoltaic (PV) systems 10 kW or less.