New Mexico Energy Efficiency Financial Incentives

Full Site
Publications

Programs Page --> Energy Policy --> State Energy Policy Database --> New Mexico --> Financial Incentives

New Mexico

Financial Incentives

Information provided the Database of State Incentives for Renewables and Efficiency (DSIRE)

Statute § 7-2-18.19 (Personal) and Statute § 7-2A-21 (Corporate), Sustainable Building Tax Credit

Summary: Introduced in April 2007, SB 463, the Sustainable Building Tax Credit, allows for a tax credit for the construction of a sustainable building or the renovation of an existing building into a sustainable building. The credit applies to residential, multifamily residential and commercial buildings. The amount of the tax credit is calculated based on the certification level the building has achieved in the LEED green building rating system and the amount of qualified occupied square footage in the building.

Recent legislation passed April 2009 (Senate Bill 291) expanded the current credits to manufactured housing and non-profit entities.

Links:

For more information on New Mexico's tax incentives, please visit DSIRE.
Click on the following to peruse the text of Statute § 7-2-18.19.
Click on the following to peruse the text of Statute § 7-2A-21.
For more information on the Sustainable Building Tax Credit, please visit the New Mexico Energy, Minerals and Natural Resources Department.

Contact:

Susie Marbury, Energy Efficiency & Green Building Administrator
(505) 476-3254
(505) 730-2140 cell
Email: susie.marbury@state.nm.us

Energy Efficiency and Renewable Energy Bond Program

Summary: New Mexico's Energy Efficiency and Renewable Energy Bonding Act, which became law in April 2005, authorizes up to $20 million in bonds to finance energy efficiency and renewable energy improvements in state government and school district buildings.

The bonds are exempt from taxation by the state, and any type of renewable energy system and most energy efficiency measures, including energy recovery and combined heat and power (CHP) systems, are eligible for funding. Projects financed with the bonds will be paid back to the bonding authority using the savings on energy bills.

Links:

Last Updated 08/03/2009

Back to Top

For more information contact:
Max Neubauer, Energy Policy Research Assistant