New Mexico Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 08/13/2012
Program Overview:
| State: |
New Mexico |
| Incentive Type: |
Net Metering |
| Eligible Renewable/Other Technologies: |
Photovoltaics, Wind, Small Hydroelectric, Other Distributed Generation Technologies |
| Applicable Sectors: |
Residential |
| Applicable Utilities: | Farmington Electric
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| System Capacity Limit: | 10 kW
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| Aggregate Capacity Limit: | No limit specified
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| Net Excess Generation: | Credited to customer's next bill at retail rate. After 12-month cycle, customer may opt to roll over credit indefinitely or to receive payment for credit at a rate determined by utility.
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| REC Ownership: | Not addressed
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| Meter Aggregation: | Not addressed
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| Web Site: |
http://www.fmtn.org/city_government/electric_utility
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Authority 1:
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Net Metering Tariff and Interconnection Agreement
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Summary:
Net metering rules developed by the New Mexico Public Regulation Commission (PRC) apply to the state's investor-owned utilities and electric cooperatives. Municipal utilities, which are not regulated by the commission, are exempt from the PRC rules but authorized to develop their own net metering programs.
Farmington Electric, a municipal utility, offers net metering to residential customers with systems up to 10 kilowatts (kW) in capacity. This option is available for photovoltaic (PV), wind, hydro and other (unspecified) non-carbon-based fuels. Any customer net excess generation (NEG) is credited to the customer's next monthly bill at the utility's retail rate. Accounts are trued-up at the end of twelve calendar months. At this point, the customer has the option of either receiving a payment for any remaining NEG or carrying the credits forward. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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