The Grid Modernization Roadmap and Grant Program supports improvements to the New Mexico grid through grants to municipalities, state agencies, educational institutions, and Indian nations, tribes, and pueblos. Grantmaking primarily focuses on smart meters and transmission technologies, but the program guidelines allow for grants for
This tax credit applies to new or renovated sustainable buildings that utilize certain upgrades, such as air source and water source heat pumps, to increase energy efficiency or energy conservation. As of 2021, this tax credit requires a higher level of LEED certification for a
The New Mexico Economic Development Department commissioned this report, released in January 2022, laying out a vision for how the state can draw on its existing oil and gas infrastructure, wind and solar resources, and geologic resources to establish a clean hydrogen hub. The report
This policy allows for geothermal resources, in addition to solar and wind, to receive renewable energy credits which utilities may use to meet certain Renewable Portfolio Standards (RPS) goals. It also allows for biomass resources to receive credits.
This is an income tax credit given to an individual who purchases and installs a solar thermal or photovoltaic system in a residence, business, or agricultural enterprise in New Mexico. This income tax credit may not exceed $6,000 per taxpayer per taxable year. There is
As of 2009, the Renewable Energy Financing District (REFD) Act allows New Mexico municipalities to create REFDs that repay the costs of renewable energy improvements through assessments on property tax over terms of no more than twenty years. Solar thermal and geothermal systems permanently installed
The Solar Energy Improvement Special Assessment Act allows New Mexico counties to support solar energy improvement projects for properties, including solar photovoltaics and solar thermal. While a county may not itself fund these projects, the Act allows it to create rules for certifying private financial
Any taxpayer who owns a dairy or feedlot can be given a tax credit for agricultural biomass transported to facilities generating electricity or making biocrude or other liquid or gaseous fuel for commercial use. This income tax credit will be equivalent to $5.00 per wet
This tax credit allows for a person holding the title to a qualified energy generator to receive a tax credit for every kWh of electricity produced. The tax credit rate rises gradually to $0.04 per kWh by the sixth taxable year in which the generator
Stay Informed with the Monthly RTC Newsletter: Get updates on Member & Solutions Provider news, stay current with events, reports, publications, & working group activities.
The Renewable Thermal Collaborative (RTC) is the global coalition for companies, institutions, and governments committed to scaling up renewable heating and cooling at their facilities, dramatically cutting carbon emissions.Â
