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The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are!

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New Mexico

New Mexico

Incentives/Policies for Renewables & Efficiency

Printable Version
Xcel Energy - Solar*Rewards Program   

Last DSIRE Review: 09/09/2014
Program Overview:
State: New Mexico
Incentive Type: Performance-Based Incentive
Eligible Renewable/Other Technologies: Photovoltaics
Applicable Sectors: Commercial, Industrial, Residential
Amount:REC Prices as of 09/04/2014
Systems between 0.5 kW and 10.0 kW DC: $0.08 per kWh
Systems between 10.1 kW and 100.0 kW DC: $0.05 per kWh
Systems between 100.1 kW and 2 MW DC: determined through RFP process Prices will step down over time as participation targets are met
Terms:Systems between 0.5 kW and 10.0 kW DC: 12-year contract
Systems between 10.1 kW and 100.0 kW DC: 10-year contract
Systems between 100.1 kW and 2 MW DC: competitive
Equipment Requirements:Must use California Energy Commission-certified PV modules and inverters
Web Site:*Rewa...

Through the Solar*Rewards program, Xcel Energy is purchasing renewable energy credits (RECs) from customers in New Mexico who install photovoltaic (PV) systems. The RECs that Xcel purchases will help the utility comply with New Mexico's renewable portfolio standard (RPS) in exchange for a financial incentive to homeowners and businesses who install PV systems.

Participating systems will be net-metered, and a separate production meter will be installed to measure the system's output. The electricity output of participating systems will be measured each month and will be paid in the form of a bill credit. If the total amount of the credit reaches $50, a check will be issued to the customer. To be eligible for the program, PV equipment must appear on the California Energy Commission's lists of eligible modules and inverters. All systems must also carry a five-year warranty from both the manufacturer and the installer, including parts and labor.

The following incentives are available to customers, depending on PV system size.

Small Program – Standard Offer

Xcel has a standard offer for new PV systems (both customer owned and third party developer) between 0.5 kilowatts (kW)-AC and 100 kW-AC. The utility will pay $0.08 per kilowatt-hour (kWh) for RECs from systems between 0.5 kW and 10.0 kW.

Medium Program – Standard Offer

Projects between 10.1 kW-AC and 100 kW-AC can receive a payment of $0.05 per kWh for 10 years.

Large Program – Request for Proposals

Larger systems between 100.1 kW and two megawatts can participate through a request for proposals (RFP) and will receive a per-kWh payment for their RECs at a rate to be determined through the RFP process.

  Solar*Rewards Program Manager
Xcel Energy
1225 17th St., Suite 1200
Denver, CO 80202
Web Site:
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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.

Copyright 2014 - 2015 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.