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Sustainable building tax credit extended for 5 years

By April 9, 2013November 29th, 2022Climate & Energy, Legislature, Press Releases
(Santa Fe, NM) – Governor Susana Martinez signed Senate Bill 14, jointly sponsored by Senator Peter Wirth and Representative Carl Trujillo, into law on April 1. The bill extends New Mexico’s sustainable building tax credit for 5 years.“The sustainable building tax credit has proven to be a critical incentive for the home building and construction industries in adopting energy efficient building practices,” said Sarah Propst, CVNM Board Chair. “Energy efficient homes also save New Mexicans money on their utility bills. It’s a win-win.”The bill received only 2 dissenting votes in the New Mexico Senate and passed the House unanimously. Conservation Voters New Mexico and Southwest Energy Efficiency Project, along with the building industry, other conservation and environmental groups and consumer advocates supported the bill throughout the 2013 Legislative Session.
Senate Bill 14 extends the sustainable building tax credit through 2018. This is a highly successful program that has helped the building industry rebound by building efficient, green homes and commercial buildings.
“New Mexico’s Sustainable Building Tax Credit is a step above similar programs in other states because of its well-designed incentive levels. It drives consumers and builders to use increasingly efficient building methods via an increasing incentive structure that encourages higher efficiency, less material use and lower operating costs. We are thrilled that the benefits of this tax credit will continue for New Mexicans,” said Tammy Fiebelkorn, Southwest Energy Efficiency Project’s (SWEEP) New Mexico Representative.
Conservation Voters New Mexico, a nonpartisan, non-profit 501(c)(4) organization, works to protect New Mexico’s natural environment and our cherished way of life. The Southwest Energy Efficiency Project is a public interest organization dedicated to advancing energy efficiency in Arizona, Colorado, Nevada, New Mexico, Utah, and Wyoming.
Contacts: Tammy Fiebelkorn at 505.410.3884
Liliana Castillo at 505-992-8683