Energy Efficiency & Renewable Energy Bond Program (New Mexico)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Energy Efficiency & Renewable Energy Bond Program|
|Incentive Type||State Bond Program|
|Applicable Sector||Schools, State Government|
|Eligible Technologies||Lighting, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Custom/Others pending approval, CHP/Cogeneration, Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Fuel Cells, CHP/Cogeneration, Daylighting, Fuel Cells using Renewable Fuels|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Program Administrator||New Mexico Finance Authority|
|Date added to DSIRE||2005-04-29|
|Last DSIRE Review||2014-08-05|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
New Mexico's Energy Efficiency and Renewable Energy Bonding Act, which became law in April 2005, authorizes up to $20,000,000 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.
|Contact Name||Zach Dillenback|
|Department||New Mexico Finance Authority|
|Address||409 St. Michael’s Drive|
|Place||Santa Fe, New Mexico|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||N.M. Stat. 6-21D-1 et seq.|
|Date Enacted||07/01/2005, subsequently amended|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.