About PNM Solar

In November of 2016, PNM was approved to extend the Customer Solar REC Purchase Programs for three more years, starting January 1, 2017 and continuing through the end of 2019 (see Final Order for NMPRC Case No. 16-00148-UT at NMPRC.state.nm.us). The program extension is for new applicants who apply on or after January 1, 2017 and do not have an interconnected system at the time of application for a new system. The program consists of two size categories of new solar and solar thermal systems, small and large systems described below. Starting January 1, 2018, PNM has been approved to extend the Customer Solar REC Purchase Program, through December 31, 2018, to include large systems above 100 kWAC up to and including 1 MWAC of inverter capacity. Detailed information on all programs:

Small Systems: systems up to and including 10 kWAC of inverter capacity. The annual program capacity limit for Small systems is 2 MWAC (6 MW AC total for the 3-year extension). Projects will have nine (9) months from passing technical screening to construction/ permitting in order to receive the REC credit. The application fee is $150.
Large Systems: systems above 10 kWAC up to and including 100 kWAC of inverter capacity. The annual program capacity limit for Large systems is 1 MWAC (3 MWAC total for the 3-year extension). Projects will have twelve (12) months from passing technical screening to construction/permitting in order to receive the REC credit. The application fee is $450.
Large Systems above 100 kWAC: systems above 100 kWAC up to and including 1 MWAC of inverter capacity. The annual program capacity limit for large systems is 2 MWAC. Projects will have twelve (12) months from passing the technical screening to construction/permitting in order to receive the REC credit. The application fee is $450 plus $1.00 for each kWAC above 100 kWAC.
All awarded REC purchase agreements will have a term of eight (8) years and a REC purchase price of $.0025/kWh for energy produced and consumed on-site. The annual available capacity for both the Small and Large categories is reset every year; unused capacity from the previous year will not carry over to the next year. If the annual allotment in either the Small or Large category becomes fully subscribed, new applicants will be placed on a waiting list. If REC capacity becomes available (due to a cancelled project or a project which doesn’t make the construction deadline), the next applicant on the waiting list will be awarded the REC purchase contract.

If your projects involve a third party, please make sure the third-party information on page two (2) of the application is complete and correct, and make sure that this third party will be receiving the REC credits. This is very important; changes to this information after-the-fact are difficult and time-consuming.