Solar Panel Laws in New Mexico – Incentives and Protections
Of this amount, at least 20% must be from solar power.
Rural electric cooperatives are required to obtain 10% from renewable sources by 2020.
New Mexico’s Net Metering Program
New Mexico has a net metering program; however, it only applies to the three investor-owned utilities.
Municipal utilities are exempt.
The utility companies set the rates and pay out at the utility’s avoided cost rate.
Solar Panel Laws in New Mexico and Renewable Energy Certificates
Renewable energy certificates (RECs) are performance based incentives issued to generators who produce renewable energy.
This operates in addition to the net metering program.
Interconnected customers must complete an application, pay an application fee and comply with local and national standards.
Insurance may be required depending on the capacity of the system.
New Mexico offers a state tax credit on the purchase and installation of a solar power system.
The PACE program operates on a county level.
Under the Solar Rights Act of 2007, New Mexico determined solar energy to be a property right.
It created protection against counties and municipalities restricting solar power by making void and unenforceable any codes, covenants or deed restrictions that prohibited solar use after July 1, 1978.