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Solar tax credit near the finish line

By March 19, 2015Legislature

With less than 48 hours left in the New Mexico legislature’s 2015 session, you have an opportunity to support solar energy in a big way.
Extend Solar Market Development Tax Credit (SB 391), sponsored by Sen. Mimi Stewart, just passed its last committee hearing with bipartisan support and is ready to go to the House floor. Call your Representative NOW and urge them vote “YES” on SB 391 when it is heard on the House floor in the final days of the session.
This bill extends the current tax credit for residential, commercial and agricultural solar installations that is set to expire at the end of 2016.
Solar energy is great for New Mexico for many reasons. It reduces air and water pollution, improves public health and creates jobs. This tax credit has proven to be successful, assisting the booming local industry to grow 73% from 2012 to 2013, for a total of 1,900 solar jobs in New Mexico.
As the second sunniest state, we only get 2% of our electricity from the sun – far below our potential.
SB 391 already passed the Senate with strong bipartisan support (37-5), and we need the House of Representatives to do the same.