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New Mexico – Distributed Solar Policy

New Mexico – Distributed Solar PolicyCommunity Solar: In 2021, NM legalized community solar facilities and the NM PRC developed rules which allow customers of a qualifying utility the option of accessing solar energy produced by a community solar facility. (2021 Senate Bill 89) Tax Credit: The Solar Market Development Income Tax Credit (NMSA 7-2-18.31) provides…
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New Mexico – Renewable Portfolio Standards (RPS)

New Mexico – Renewable Portfolio Standards (RPS)RPS targets: Applies to IOUs and Coops: IOUs: 20% in 2020 40% in 2025 50% in 2030 80% in 2040 Zero carbon in 2045 Coops:  10% in 2020 40% in 2025 50% in 2030 80% in 2040 Zero carbon in 2050
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New Mexico – Distributed Energy Policy – Net Metering

New Mexico – Distributed Energy Policy – Net MeteringNet Metering: Net metering available to all qualifying facilities (QFs) up to 80 MW under PURPA. This includes commercial, industrial, residential, government, agriculture customers. Applicable to IOUs and Coops. For customers 10 kW or less, utility may credit at the utility’s avoided cost rate, or credit the…
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New Mexico – Energy Efficiency Policies

New Mexico – Energy Efficiency PoliciesEnergy Efficiency Policies Energy Efficiency Resource Standard: In 2008, NM approved the Efficient Use of Energy Act (HB 305, and updated in 2019 w/ HB 291) that applies to electric and gas utilities. IOUs required to offer customers demand-side programs that achieve savings equal to 5% of 2005 retail sales…
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New Mexico – Electric Vehicle Policies

New Mexico – Electric Vehicle PoliciesEV Policies: The NM Alternative Fuel Acquisition Act, signed into law in 2002 and amended in 2007, requires that 75% of vehicles bought by state agencies and educational institutions meet or exceed national CAFÉ standards, are hybrid vehicles, are capable of using alternative fuel, or are plug-in electric vehicles. NM…
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New Mexico – Energy Storage Policy

New Mexico – Energy Storage PolicyEnergy Storage: In 2017, NM PRC amended a rule governing utility IRPs to require the utilities include energy storage in their IRP process.
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