Combined Heat and Power Partnership
Energy Efficiency & Renewable Energy Bond Program
| Date Last Updated | 11/16/2012 |
| Incentive Type | Bond |
| State/Federal | NM |
| Incentive Administrator/Contact Office | New Mexico Finance Authority |
| Incentive Initiation Date | 7/1/2005 |
| Incentive Size and Funding Source | New 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 Recipient | State agencies, universities and public schools. |
| Eligible Fuel | Does Not Specify |
| Eligible Project Size (MW) | Does Not Specify |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | Any 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 Details | At 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. |
| Resource Website(s) |
