El Paso Electric Solar Savings: Net Metering, Rates & Rebates (2026)
How much can El Paso Electric customers save with solar in 2026? With retail net metering and $0.06/kWh export compensation, solar is a strong investment. Plus the 30% federal tax credit cuts your upfront cost significantly. See the full breakdown below.
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Solar Policy Details for El Paso Electric
| Policy | Details |
|---|---|
| Net Metering | retail |
| Export Compensation | $0.06/kWh |
| Interconnection Fee | $75 |
| Time-of-Use Rates | Yes (Peak: $0.17, Off-Peak: $0.06) |
| Net Metering Cap | Not yet reached |
| Renewable Program | Available |
| Battery Incentive | Not available |
| EV Rate Program | Not available |
Maximizing Solar Savings with El Paso Electric
El Paso Electric customers — a major utility provider in New Mexico — can leverage time-of-use rates to maximize solar value. With a peak/off-peak spread of $0.11/kWh, strategically timing energy usage around solar production and optional battery storage can significantly boost savings beyond standard net metering credits.
Time-of-Use Rate Optimization
El Paso Electric uses time-of-use rates with peak pricing at $0.17/kWh and off-peak at $0.06/kWh. Solar panels produce the most energy during peak afternoon hours when rates are highest, maximizing your bill savings. Adding battery storage lets you store excess solar energy and use it during expensive peak periods.
Export Compensation
When your solar system produces more electricity than you use, the excess is exported to the grid. El Paso Electric compensates you at $0.06/kWh for exported energy under their retail policy.
State Incentives in New Mexico
In addition to El Paso Electric's policies, New Mexico homeowners can access:
- Federal ITC: 30% tax credit on solar installation
- State Tax Credit: 10% additional state credit
- Property Tax Exemption: Solar increases home value without raising property taxes
- Sales Tax Exemption: No sales tax on solar equipment
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