New Mexico's renewable portfolio standard calls for 20% of the generation requirement to come from solar by 2020. Additionally, 3% is mandated to come from distributed generation. Although there is a specific solar requirement, the state does not currently have a viable SREC market. New Mexico has not put in place a solar alternative compliance payment (SACP) to help drive a market price for SRECs. Investor Owned Utilities are required to purchase RECs to meet RPS requirements, but have implemented direct buy-back programs to achieve the requirements.
Markets for NM systems
Eligible System Locations
By 2020, 20% of the RPS requirement from solar and 3% of the RPS requirement from distributed generation.
Utilities with REC buy-back programs install production meters to measure a PV system's production on a monthly basis.
None currently in place.
SRECs may be carried forward for up to 4 years from the date of creation.
Manage your SREC portfolio the smart way with SRECTrade's market leading software
Manage your facility and SREC portfolio online with full transparency and control over when and how your SRECs are sold.
We don't lock you into a contract to use our service and we don't take a principal position with your SRECs, so you can rest assured we're always targeting the best prices for you.
With over 533 MW of solar facilities under management, we're able to access more transaction opportunities for our clients.