El Paso Electric Company - Small and Medium System Renewable Energy Certificate Purchase Program (New Mexico)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||El Paso Electric Company - Small and Medium System Renewable Energy Certificate Purchase Program|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Commercial, Industrial, Residential, Nonprofit, State Government, Fed. Government|
|Eligible Technologies||Photovoltaics, Wind, Other Distributed Generation Technologies|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| Systems 10 kW or less:|
PV and Wind: 0.02/kWh for RECs produced for a period of 8 years
|Ownership of Renewable Energy Credits||El Paso Electric Company|
|Terms||Must have a REC meter installed|
|Program Administrator||El Paso Electric Company|
|Date added to DSIRE||2009-03-24|
|Last DSIRE Review||2014-09-09|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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 Name||Manager - Rates|
|Department||El Paso Electric Company|
|Address||PO Box 982|
|Place||El Paso, Texas|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.