Energy Efficiency & Renewable Energy Bond Program (New Mexico)
From Open Energy Information
Last modified on August 12, 2011.
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 | Building Insulation, Caulking/Weather-stripping, Custom/Others pending approval, Doors, Energy Mgmt. Systems/Building Controls, Lighting, Windows, Biomass, CHP/Cogeneration, Daylighting, Fuel Cells, Passive Solar Space Heat, Photovoltaics, Solar Space Heat, Solar Water Heat, Wind, Energy Recovery Systems |
| Active Incentive | Yes |
| Implementing Sector | State/Territory |
| Energy Category | Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs |
| Amount | Varies |
| Program Administrator | New Mexico Finance Authority |
| Website | http://www.nmfa.net/NMFAInternet/NMFA_Web.aspx?ContentID=13 |
| Date added to DSIRE | 2005-04-29 |
| Last DSIRE Review | 2011-08-12 |
| References | DSIRE[1] |
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.
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 |
| 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. (Amended 2007) |
|---|---|
| Date Enacted | 7/1/2005 |
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]
References