2015 SB 391 Extend Solar Market Development Tax Credit

CVNM Position:

Support

Year:

2015

Sponsors:

Mimi Stewart

Topics:

Energy & Climate Change

Legislative Info:

SB 391 on nmlegis.gov »

Description

SB 391 would extend the existing 10% tax credit for the installation of commercial, residential and agricultural solar systems, which is set to expire December 31, 2016. This 10% tax credit has helped many New Mexicans invest in solar energy for their homes, businesses and farms, improving the environment and public health by reducing the demand for coal-fired electricity.

Outcome

SB 391 passed the Senate (37-5) and passed the House (39-24) but was pocket vetoed by the Governor.