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

Eligibility 
Commercial
Fed. Government
Industrial
Nonprofit
Residential
State Government
Savings Category 
Photovoltaics
Program Info
Start Date 

3/1/2009

State 
New Mexico
Program Type 
Performance-Based Incentive
Rebate Amount 

Systems 10 kW or less:
PV: $0.02/kWh for RECs produced for a period of 8 years
Wind: $0.02 /kWh for RECs produced for a period of 8 years
Systems greater than 10 kW and up to 100 kW:
PV: $0.02/kWh for RECs produced for a period of 8 years
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

Provider 
El Paso Electric Company

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 [http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=N... New Mexico's renewable portfolio standard] (RPS), and provide a financial incentive for homeowners and businesses to install PV and wind energy systems.

Only systems connected to the utility's grid and net-metered are eligible. REC's 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.