PNM Solar Energy Customer Program:
|System type||Solar PV or solar thermal electric system|
|System size||Inverter VAC larger than 10 kWAC up to 1 MWAC|
|Contract term||8 years|
|Incentives||REC purchase and net metering|
|REC prices||.0025¢ Check available capacity|
|REC price determination||When application is considered complete by PNM. Completed application (def.)|
|Net excess energy produced||Paid out at PNM's avoided cost rate per billing period|
Apply to Participate
Submit and manage your Application for Interconnection online
- New, easier way to submit applications!
- Upload drawings and other documents.
- Easily track the progress of your project.
Mail us your completed Application for Interconnection
- Large systems (systems above 10 kWACup to and including 1 MWAC) - Get applications and view sample agreements
Solar REC Purchase Program
Customers should consider the application fee and potential REC credits when determining whether or not the Solar REC Purchase Program makes economic sense.
Selling your RECs to PNM: This option requires you to pay a minimum application fee of $450. PNM will purchase your RECs for $.0025 (1/4 cent) per KWh of renewable energy that you produce. If you are a customer with solar energy production of 600 KWh per month, PNM will pay you $1.50 per month for the 8-year term of your contract. When you sell RECs to PNM, PNM may be relieved of its obligation to otherwise provide the amount of renewable energy represented by the RECs you have sold. This means that your solar energy production may not result in any additional renewable energy on PNM's system.
Not selling your RECs to PNM: this option has a lower application fee of $100, rather than a minimum of $450. PNM, however, will not purchase your RECs. If you do not sell your RECs, no-one else may claim the environmental benefits of your renewable energy production. This also means that your renewable energy will be in addition to the amount of renewable energy that utilities must by law provide. Opting to retain RECs means that your solar production may cause more renewable energy on the PNM system.