Farmers Electric Cooperative and solar
Farmers Electric Cooperative is an electric cooperative serving about 10,310 homes in New Mexico. Here's what its rates and export rules mean for solar: for a typical customer, solar is a close call.
- Average price (2026 est.)
- 14.1¢8% below New Mexico average
- Typical bill
- $116819 kWh a month
- Exports credited
- ~28%Varies by utility
- Typical payback
- 13.4 yrs5.5 kW, cash
Export rules for Farmers Electric Cooperative customers
Varies by utility (New Mexico rule).
For systems up to 10 kW, New Mexico utilities either carry forward excess kWh credits or pay for them at avoided cost; most small residential systems effectively get retail offset for self-use and monthly netting. Larger systems get avoided cost for excess.
Solar for a typical Farmers Electric Cooperative home
| System | 5.5 kW (100% of 819 kWh/month) |
|---|---|
| Cost | $16,700 |
| First-year savings | $1,294 |
| Payback | 13.4 years |
| 25-year net | $16,860 |
Uses the utility's average price.
Solar adoption
- Homes with solar (2025)
- 63
- Share of customers
- 0.6%
- Residential solar capacity
- 1 MW
- Residential customers
- 10,310
EIA-861, 2025.
Questions about Farmers Electric Cooperative and solar
Does Farmers Electric Cooperative have net metering?
Farmers Electric Cooperative follows New Mexico's rules: For systems up to 10 kW, New Mexico utilities either carry forward excess kWh credits or pay for them at avoided cost; most small residential systems effectively get retail offset for self-use and monthly netting. Larger systems get avoided cost for excess.
How much does electricity cost with Farmers Electric Cooperative?
Residential customers paid an average of 13.7¢ per kWh in 2025 (EIA), about 14.1¢ adjusted to 2026. The typical home uses 819 kWh a month, a bill of about $116.
Is solar worth it with Farmers Electric Cooperative?
For a typical customer, solar is a close call: a 5.5 kW system costing about $16,700 pays back in about 13.4 years, with $16,860 net over 25 years.
How many Farmers Electric Cooperative customers have solar?
About 63 homes had net-metered solar at the end of 2025, roughly 0.6% of residential customers (EIA-861).
Legal name: Farmers Electric Coop, Inc - (NM) (EIA ID 6198). Data: EIA-861 2025 and monthly data through 2026, state policy research October 2026.