Home New mexico tax New Mexico’s Community Solar Act receives public comment – pv magazine usa

New Mexico’s Community Solar Act receives public comment – pv magazine usa

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New Mexico’s community solar power law is expected to be finalized in April.

New Mexico’s community solar power law was signed into law in April 2021 by Governor Michelle Lujan Grisham and is expected to be passed in April of this year. A public session was held yesterday, and as the Commission extended the deadline for written response for comments until January 21, 2022, the Public Regulatory Commission (PRC) is still collecting formal comments and information.

While most of the comments were submitted to the commission in writing, two people appeared in person yesterday. One of the people who spoke in favor of the law was Ona Porter. She is the CEO of Prosperity Works, an Albuquerque-based non-profit organization that has worked with community groups to raise awareness of existing energy efficiency programs. She said most of the families her group works with have annual incomes of $ 25,000 or less and can’t take tax cuts or wait to be reimbursed for personal expenses. She suggested that a fund be developed so that people can subscribe to community solar power for free. Additionally, Porter suggested that training low-income residents would allow them to enter the renewable energy workforce.

The PRC is the state agency that oversees this rulemaking process to establish the procedures and requirements for the start-up of community solar projects. These rules are expected to be completed by April 1, 2022. Currently, the PRC is collecting feedback and best practices from developers, utilities, community organizations and other technical experts in the field to develop these rules. rules.

New Mexico has historically ranked among one of the poorest states in the country, with its economy based on the service sector, mining, and oil production. A recent study from the University of New Mexico found that community solar power can provide a major economic stimulus in New Mexico at a time when it is desperately needed. The study found that community solar power:

  • Generate $ 517 million in economic spinoffs
  • Create 3,760 quality jobs in various sectors over the next 5 years
  • Generate over $ 2.9 million in tax revenue per year for the state funded by private companies without tax increases or state investment

The study also concluded that each county in New Mexico would benefit from $ 15 million in economic output and 117 new jobs over a 20-year period.

“Developing the rules of the Community Solar Act is important work that will make a difference for the people of New Mexico, and those involved should be proud of their efforts,” said Commissioner Joseph Maestas, whose office has led the rule making process within the agency’s Community Solar Action. Team. The framework developed by the Commission stipulates that 30% of the electricity produced from each community solar installation should be reserved for low-income customers and low-income service organizations.

Read “New Mexico Wins Community Solar Program.”

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