El Paso Electric Company - Small and Medium System Renewable Energy Certificate Purchase Program (New Mexico)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place New Mexico

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
Active Incentive Yes

Implementing Sector Utility
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
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
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








Start Date 2009-03-01









Ownership of Renewable Energy Credits El Paso Electric Company







Terms Must have a REC meter installed
Program Administrator El Paso Electric Company
Website http://www.epelectric.com/nm/residential/renewable-energy-interconnection-1
Date added to DSIRE 2009-03-24
Last DSIRE Review 2014-09-09



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


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.


Incentive Contact

Contact Name Manager - Rates
Department El Paso Electric Company

Address PO Box 982

Place El Paso, Texas
Zip/Postal Code 79960



Email renewableenergy@epelectric.com
Website http://www.epelectric.com
     
     


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"