in News Departments > Policy Watch
print the content item

Gov. Bill Richardson, D-N.M., recently enacted several bills to promote the investment in renewable energy and reduce the state's dependence on foreign oil.

"These bills will keep New Mexico's rapidly growing clean energy economy moving forward," Richardson explains. "New Mexico is showing that we can create jobs through spurring significant investment in electricity generation from our world-class solar and wind resources, promoting advanced coal technologies, building more efficient homes and offices, and increasing the production and use of biodiesel."

The governor signed Senate Bill (S.B.) 994, which is a tax credit that may be given to developers building a renewable energy generating facility, including wind and solar. S.B.463 was also signed by the governor - it contains several tax incentives that were originally proposed as separate bills.

S.B.463 includes the Renewable Energy Production Tax Credit Amendments for wind, solar and biomass projects; the Sustainable Building Tax Credit that gives owners of new or renovated sustainable buildings a tax credit based on the Leadership in Energy and Environmental Design green building rating system; and the Solar Energy Systems Gross Receipts that allows property owners to deduct receipts from their gross receipts for the installation of photovoltaic, wind, biomass, solar thermal or hydrogen systems.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
BG 2015DblBox_id2032
Canwea_id1984