Solar Investment Gains Momentum

Solar Investment Gains Momentum

Santa Fe, NM – This week, the Business and Industry Committee passed House Bill 87, sponsored by Reps. Carl Trujillo (D-Santa Fe), Debbie Rodella (D-Española), and Patricio Ruiloba (D-Albuquerque), legislation to create a solar market development income tax credit and repeal the expired solar market development tax credit. With more than three hundred days of sunlight New Mexico is a prime candidate for solar development.

“This bill makes it easier and more affordable for businesses and families to take part in using solar energy. Not only will this bill help New Mexicans save money on solar, it will promote clean energy and preserve our beautiful state,” said Rep. Carl Trujillo.

“New Mexico has long been able to benefit from our natural resources. Now, it’s time to bolster our solar energy development and make it easier for New Mexicans to afford solar and ultimately lower their electric bills,” said Rep. Debbie Rodella.

“New Mexico is a beautiful state with plenty of sunshine, but we could do more to support our solar industry and put money back into New Mexicans’ pockets. This bill will not only save our families money, it will diversify our economy and create high paying jobs,” said Rep. Patricio Ruiloba.

House Democrats remain committed to investing in renewable energy and smart ways to diversify New Mexico’s economy that protect the state’s land, air, water, and health.

HB 87 is now in the Tax and Revenue Committee.