2017 SB 41 Extend Solar Market Tax Credit

CVNM Position:

Support

Priority:

CVNM Priority Vote

Year:

2017

Sponsors:

Mimi Stewart

Topics:

Energy & Climate Change

Legislative Info:

SB 41 on nmlegis.gov »

Description

This bill would have reinstated and extended the tax credit for residential and commercial construction of solar systems. The bill provided for gradually phasing out of the tax credit over 8 years and established an aggregate cap. This 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 41 died in the Senate Corporations and Transportation Committee.