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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
El Paso Electric Company - Small and Medium System Renewable Energy Certificate Purchase Program   

Last DSIRE Review: 09/09/2014
Program Overview:
State: New Mexico
Incentive Type: Performance-Based Incentive
Eligible Renewable/Other Technologies: Photovoltaics, Wind, Other Distributed Generation Technologies
Applicable Sectors: Commercial, Industrial, Residential, Nonprofit, State Government, Fed. Government
Amount:Systems 10 kW or less:
PV and Wind: $0.02/kWh for RECs produced for a period of 8 years
Systems greater than 10 kW and up to 100 kW:
PV and Wind: $0.02/kWh for RECs produced for a period of 8 years
Systems greater than 100 kW and up to 1,000 kW:
Prevailing market prices, not to exceed 90% of the price paid for systems greater than 10 kW and up to 100 kW for RECs produced for a period of 8 years
Terms:Must have a REC meter installed
Ownership of Renewable Energy Credits:El Paso Electric Company
Start Date:03/01/2009
Web Site: http://www.epelectric.com/nm/residential/renewable-energy-interco...
Summary:

Effective January 1, 2010, El Paso Electric is purchasing renewable energy certificates (RECs) from its New Mexico customers who install small photovoltaic (PV) systems and wind systems up to 10 kilowatts (kW) in capacity and medium systems between 10 kW and 100 kW. The RECs that El Paso Electric 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 and wind energy systems.

Only systems connected to the utility's grid and net-metered are eligible. RECs will be measured by a separate REC meter and purchased by El Paso Electric on a monthly basis. For contracts signed on or after January 1, 2014, the utility will purchase the REC's from a PV or wind system at a rate of $0.02 per kilowatt-hour (kWh) for small systems and medium systems. 

Payments will not be made for any RECs produced by a medium system that are in excess of the kWh consumed by the site during a month. Payments will be made for a period of 8 years. REC purchase payments will appear as a credit on the customer's monthly bill. Any credit balance up to $30.00 will be applied to the following month's bill. Once the rolling credit exceeds $30.00 a direct payment will be made to the customer.

See application for further details.


 
Contact:
  Manager - Rates
El Paso Electric Company
PO Box 982
El Paso, TX 79960
E-Mail: renewableenergy@epelectric.com
Web Site: http://www.epelectric.com
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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 2013 - 2014 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.