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Energy Efficiency & Renewable Energy Bond Program

Date Last Updated11/16/2012
Incentive TypeBond
State/FederalNM
Incentive Administrator/Contact OfficeNew Mexico Finance Authority
Incentive Initiation Date7/1/2005
Incentive Size and Funding SourceNew Mexico's Energy Efficiency and Renewable Energy Bonding Act authorizes up to $20 million in bonds, backed by the State's Gross Receipts Tax, to be issued to finance energy efficiency and renewable energy improvements in state government and school buildings. The bonds are exempt from taxation by the state. Projects financed with the bonds will be paid back to the bonding authority using the savings on energy bills.
Eligible RecipientState agencies, universities and public schools.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaAny type of renewable energy system and most energy efficiency measures, including energy recovery and CHP systems, are eligible for funding.
Application Form(s)Application Instructions
Other Incentive DetailsAt the request of a state agency or school district, the New Mexico Energy, Minerals and Natural Resources Department will conduct an energy assessment of a building to determine specific efficiency measures which will result in energy and cost savings. A state agency or school district may install or enter into contracts for the installation of energy efficiency measures on the building identified in the assessment. An installation contract may be entered into for a term of up to 10 years.
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