Tuesday, October 23, 2012

CNMEC REC credits

I received a letter last week from CNMEC saying they are finally able to buy REC credits. The lawyers are still looking at the fine print on the contract that will have to be signed by both parties, but I'm looking forward to shortening the payback time on my system to the tune of $14.97/1000kWh. They are multiplying any production back to December of last year by a factor of 4 as an incentive, so I will qualify for that as well. Since New Mexico does not yet have a formal exchange for REC credits, this seems like the best way to go ahead and get started with some additional income from my PV system.