Community Solar in New Mexico

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Finray connects you to a solar farm and helps you lower your electric bills!

Are you a renter? Do you want to go solar but you don’t have the right roof (or you can’t afford it) ?

With New Mexico’s community solar program, you can cut your utility bill and save 10-25% in electric costs every year. 

The best part? No cost to install and zero opt-in or exit fee!

How does it work?

1. Link your utility bill with a solar project

Connect your electric account with a nearby solar farm. You just need a copy of your recent utility bill. Enroll online in less than 2 minutes, completely free.

2. Start generating solar power

When the sun shines, the solar farm generates power and feeds it to your utility’s electric grid on your behalf, earning you credits.

3. Receive solar credits

Your utility bill is credited for the amount of solar power generated for you during this billing cycle, reducing what you owe the utility (see example below).

4. Pay for your solar credits

After your reduced utility bill arrives, you pay your solar project directly for your solar credits at the guaranteed discount of 10-25% (discount depends on state, utility, customer status and project).

Example Utility Bill with Solar Credits

Sample Utility Bill with Community Solar from Finray Solar

Click image to expand & zoom

What is Community Solar?

Community Solar is possible thanks to your state’s Renewable Energy Program, which encourages the development of solar farms to meet key clean energy targets over the next few years.

New Mexico’s Community Solar Program will facilitate energy savings for people who can’t afford rooftop solar or simply can’t install their own solar panels. This initiative will not only help to decarbonize the state’s electrical grid but it will also create jobs and boost economic growth.      

Real Savings, Real Stories

See What Our Customers Are Saying

All testimonials provided by actual Finray Solar customers.

Frequently Asked Questions

How long does it take to start receiving solar credits?

Community solar credits will start reducing your utility bill about 2 to 3 billing cycles after enrollment, if the project is live. If a project is under construction, it may take 3-8 months for credits to start, but rest assured, your spot is reserved! Your first e-statement from the solar project will be after your credited utility bill arrives.

Can I transfer the program if I move?

You can transfer the program if you move within the approved region for the project. Simply call or email the developer to confirm. If your consumption is much higher or lower at the next property, you may ask the developer to readjust your solar credit allocation.

What if I move out of the area or wish to cancel? (ie. getting solar on the home)

There are no exit fees for residential consumers. Please provide 90 days (or as much as possible) notice to the solar project ahead of a move/cancellation so they can assign solar credits to other customers and stop allocating them towards your account.

Once you move, contact Finray Solar to see if we have a solar farm with availability in your new area.

How are credits calculated?

The solar farm will allocate credits for 90% of your historical consumption with your utility (based on past 12 months). If your usage increases (ie. you buy an EV), you may contact the solar project and ask for them to recalculate your share of credits. If you don’t use up all your credits in a given month, they will roll over to the following month.

Annually, your utility will provide a monetary credit for the kWh not applied to prior bills at the avoided cost of power.

Enroll and Start Saving

Step 1: Submit your information below, use code NM50

Step 2: Go to your email to continue the enrollment

Step 3: Finish the enrollment with our partner in New Mexico

Step 4: Email us ([email protected]) your first discounted solar statement to earn a $50 bonus!

Still have questions?

Learn more about Finray Solar — WHO we are, WHAT we do, and WHY.

Or, feel free to Contact Us to ASK A QUESTION. We look forward to speaking with you. And we are excited to help you connect your home to a discounted clean source of electricity!