January 19, 2021

PRC approves extension of PNM solar incentives

Posted on 31. Dec, 2011 by Stephan Helgesen in Economy, Energy/Environment

According to the New Mexico Business Weekly, “The PRC eliminated incentive payments for very large PV systems of above 1 megawatt. At a hearing today in Santa Fe, the New Mexico Public Regulation Commission approved Public Service Co. of New Mexico ’s proposal to extend solar incentive payments to homes and small businesses for six months in 2012. It also approved PNM’s request to continue paying incentives for large solar photovoltaic arrays, but at a lower level. The new incentive pays 2 cents per renewable energy credit (REC), down from about 6 cents per REC now.

The PRC eliminated incentive payments for very large PV systems of above 1 megawatt. The money saved from that will be used to support continued payments for the medium-sized 100-to-999 kilowatt systems, albeit at the reduced price of 2 cents per REC, said Commissioner Jason Marks.”

To read the whole article, log on to www.bizjournals.com/albuquerque

Tags:

Comments are closed.

Bad Behavior has blocked 143 access attempts in the last 7 days.