Energy Efficiency & Renewable Energy Bond Program (New Mexico)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place New Mexico

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
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount Varies







Start Date 2005


















Program Administrator New Mexico Finance Authority
Website http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/CREB.html
Date added to DSIRE 2005-04-29
Last DSIRE Review 2014-08-05



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

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.


Incentive Contact

Contact Name Zach Dillenback
Department New Mexico Finance Authority

Address 409 St. Michael’s Drive

Place Santa Fe, New Mexico
Zip/Postal Code 87505
Phone (505) 984-1454


Email zdillenback@nmfa.net
Website http://www.nmfa.net
     
     

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.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"