New Mexico
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 08/18/2009
| Incentive Type: |
State Bond Program |
| State: |
New Mexico |
| Eligible Efficiency Technologies: |
Lighting,
CHP/Cogeneration,
Energy Mgmt. Systems/Building Controls,
Caulking/Weather-stripping,
Building Insulation,
Windows,
Doors,
Custom/Others pending approval,
Energy Recovery Systems
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| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat,
Solar Water Heat,
Solar Space Heat,
Photovoltaics,
Wind,
Biomass,
Fuel Cells,
CHP/Cogeneration,
Daylighting
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| Applicable Sectors: |
Schools,
State Government
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| Amount: | Varies |
| Maximum Amount: | $20 million in bonds outstanding at any one time |
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Web Site: |
http://www.nmfa.net/loan/?t=State%20Building%20Automation%20Project%20Financing
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Authority 1:
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N.M. Stat. 6-21D-1 et seq. (Amended 2007)
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| Date Enacted: | 7/1/2005 |
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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. At the request of a state agency or school district, the New Mexico Energy, Minerals and Natural Resources Department will conduct an energy assessment of a building to determine specific efficiency measures which will result in energy and cost savings. A state agency or school district may install or enter into contracts for the installation of energy efficiency measures on the building identified in the assessment. An installation contract may be entered into for a term of up to 10 years.
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.
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Contact:
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Marquita Russel
New Mexico Finance Authority
409 St. Michael’s Drive
Santa Fe, NM 87505
Phone: (505) 984-1454
Fax: (505) 984-0002
Web Site: http://www.nmfa.net
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Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
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