Public Service Co of NM and solar
Public Service Co of NM is an investor-owned utility serving about 496,914 homes in New Mexico. Here's what its rates and export rules mean for solar: for a typical customer, solar is worth it.
- Average price (2026 est.)
- 16.9¢10% above New Mexico average
- Typical bill
- $94555 kWh a month
- Exports credited
- RetailFull retail net metering
- Typical payback
- 11.5 yrs3.7 kW, cash
Export rules for Public Service Co of NM customers
Full retail net metering, monthly netting.
Small PV (<=10 kW): cumulative kWh credit carried forward; >10 kW paid monthly at Rate 12.
Solar for a typical Public Service Co of NM home
| System | 3.7 kW (99% of 555 kWh/month) |
|---|---|
| Cost | $12,380 |
| First-year savings | $1,091 |
| Payback | 11.5 years |
| 25-year net | $16,784 |
Uses the utility's average price.
Solar adoption
- Homes with solar (2025)
- 47,762
- Share of customers
- 9.6%
- Residential solar capacity
- 297 MW
- Residential customers
- 496,914
EIA-861, 2025.
Cities served
Questions about Public Service Co of NM and solar
Does Public Service Co of NM have net metering?
Small PV (<=10 kW): cumulative kWh credit carried forward; >10 kW paid monthly at Rate 12.
How much does electricity cost with Public Service Co of NM?
Residential customers paid an average of 16.4¢ per kWh in 2025 (EIA), about 16.9¢ adjusted to 2026. The typical home uses 555 kWh a month, a bill of about $94.
Is solar worth it with Public Service Co of NM?
For a typical customer, solar is worth it: a 3.7 kW system costing about $12,380 pays back in about 11.5 years, with $16,784 net over 25 years.
How many Public Service Co of NM customers have solar?
About 47,762 homes had net-metered solar at the end of 2025, roughly 9.6% of residential customers (EIA-861).
Legal name: Public Service Co of NM (EIA ID 15473). Data: EIA-861 2025 and monthly data through 2026, state policy research October 2026.