Committee advances bill to boost state solar tax credit to 30% The House committee advanced Senate Bill 55 to increase New Mexico's rooftop solar income tax credit from 10% to 30%, raise the per-project cap and extend a sunset to 2032; sponsors and installers said the change would stabilize jobs after the end of a federal credit, while fiscal questions were discussed.

New Mexico is set to supercharge its solar market with a bold new bill that could triple tax credits and bring economic stability to the industry!

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#NM #EconomicStability #CitizenPortal #TribalAccess #RenewableEnergy #NewMexicoSolar

Committee advances bill to raise state solar tax credit to 30% after federal incentives drop The committee advanced SB55 to increase New Mexico’s rooftop and small-scale solar tax credit from 10% to 30%, a refundable credit with a statutory $30 million annual cap; industry and advocacy groups said the change would protect jobs and local installers, while senators raised permitting and consumer-protection concerns.

New Mexico is one step closer to boosting solar energy with a proposed bill that could triple tax credits for residential and small commercial installations!

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#NM #JobProtection #TaxCredits #CitizenPortal #RenewableEnergy #NewMexicoSolar

Interconnection Agreement Settled as Final Designs Proceed for Solar Plant Expansion Final designs are underway for the solar plant expansion scheduled for completion by 2027.

The solar energy expansion in New Mexico is set to make waves, but new tariffs and market conditions could pose unexpected challenges!

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#NM #CitizenPortal #CommunitySustainability #RenewableEnergy #NewMexicoSolar #InfrastructureDevelopment

Taxpayers eligible for new solar market development income tax credits in 2023 Taxpayers can apply for solar tax credits within twelve months of certification approval.

New Mexico is making a bold move to supercharge its solar market with new tax incentives that could reshape the state's energy landscape!

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#NM #CitizenPortal #NewMexicoSolar #EconomicBenefits #ClimateChange #RenewableEnergy

Taxation Department to report on new solar tax credit impacts Tax department will analyze and report on solar market tax credit effects annually.

New Mexico is stepping up its game in renewable energy with a new tax credit aimed at boosting solar energy adoption—could this be the key to a greener future?

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#NM #CitizenPortal #NewMexicoSolar #SustainablePractices #RenewableEnergy #ClimateAction

New law voids restrictions on solar collector installations in historic districts Law bans enforceable restrictions on solar collectors in historic districts effective July 1, 1978.

New Mexico is set to revolutionize solar energy access by declaring restrictive covenants on solar installations void, paving the way for sustainable living.

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#NM #HomeownerRights #NewMexicoSolar #RenewableEnergy #CitizenPortal