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Public Service NM Net Metering Policy

How Public Service NM compensates solar customers for excess energy in New Mexico.

Full Retail
Net Metering Policy
$0.128
Rate per kWh
No overall limit
Capacity Limit
Excellent

Policy Rating

You are credited at the full retail rate for every kWh you export. This maximizes your solar ROI.

How Net Metering Affects Your Solar Payback

With Full Retail net metering at Public Service NM, here's how your solar economics look for a typical $150/month bill:

System Size
6.1 kW
Annual Production
11,406 kWh
Annual Savings
$1,460
Payback Period
3.9 yrs

Note: With avoided-cost net metering, savings may be 20–30% lower than shown since exported power is credited below retail rate.

Understanding Net Metering

What is net metering? Net metering is a billing mechanism that credits solar owners for electricity exported to the grid. When your panels produce more than you use, the excess flows to the grid and your meter runs backward.

Compensation: Full retail rate. The credit rate determines how quickly you recover your investment.

Capacity limit: No overall limit. Systems larger than the capacity limit may be subject to different rules.

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