[NMSEA-news] NMSEA Renewable Energy Legislative Alert!

[News from New Mexico Solar Energy Association]

Hi Solar Enthusiasts!

Legislative Alert!

 
See the NMSEA Event Calendar for a complete list of events: 
http://www.nmsea.org/Events/Event_Calendar.php.  
If you have questions or comments, please contact us!   We value your input!

*LEGISLATIVE ALERT:*

SENATE BILL 257, TAX CREDIT:

NMSEA has learned that the proposed legislation for a New Mexico State 
tax credit for the installation of solar and other renewable energy 
systems is *not moving forward* for passage. This is Senate Bill 257. If 
passed, this would add a 10% State tax credit to the 30% Federal credit 
that was approved in December, for a total credit of 40%. This would be 
a much better incentive for property owners who can afford to make the 
investment. Unfortunately, State revenues have fallen, and this credit 
would further reduce those revenues. If you feel this is an important 
measure for the legislature to consider passing, please contact the 
bill's sponsor, Tim Keller, and encourage he and his colleagues to get 
this passed. Here is contact information for Senator Keller:

District:

	

17

County:

	

Bernalillo

Senator Since:

	

2009

Occupation:

	

Businessman

Address:

	

11023 Vistazo Place SE

 

	

Albuquerque, NM 87123

Capitol Phone:

	

986-4260

Office Phone:

	

(505) 332-9441

Home Phone:

	

 

E-mail:

	

tk at timkellerfornewmexico.com <MAILTO:tk at timkellerfornewmexico.com>

 

	

 

 

SENATE BILL 647 & HOUSE BILLS 893 and 572, SPECIAL ASSESSMENTS:

These bills are apparently similar and are being considered by the NM 
legislature to authorize counties to offer loans to property owners for 
solar and other renewable energy installations. The counties would bill 
owners along with their annual property tax assessments. Proponents 
advocate that this would provide lower loan costs and promote the growth 
of these systems. Opponents consider this predatory and are concerned 
about county ownership of these systems, possible liens against 
property, and a further government entanglement and corruption of 
mortgage banks. If you feel these bills deserve your support, you may 
contact Representative Brian Egolf, District: 47 County: Santa Fe 
Representative Since: 2009 Occupation: Attorney Address: 128 Grant 
Avenue, No. 301 Santa Fe, NM 87501 Capitol Phone: 986-4211 Office Phone: 
(505) 986-9641 Home Phone: (505) 986-1782 E-mail: brian at brianegolf.com 
<MAILTO:brian at brianegolf.com>

NOTE: NMSEA is an advocate for the growth of solar and other renewable 
energy (RE) system installations, and wishes to provide information to 
its membership on legislative actions. However, NMSEA does not claim to 
have a thorough knowledge of the consequences of any legislation and 
encourages members to examine proposals for themselves and support 
legislation they feel will support the RE industry.

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NEW MEXICO SOLAR ENERGY ASSOCIATION

1009 Bradbury Dr. SE, # 35, Albuquerque, NM 87106

505-246-0400, 888-886-6765, Fax: 505-246-2251

info at nmsea.org <mailto:info at nmsea.org> www.nmsea.org <http://www.nmsea.org/>

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