United States
Environmental Protection
Agency
vvEPA
State Incentives for Achieving Clean and Renewable
Energy Development on Contaminated Lands
Yew
Mexico
The development of clean and renewable energy on formerly used land offers many economic and environmental benefits. Combining clean and renewable energy and
contaminated land cleanup incentives can allow investors and communities to create economically viable clean and renewable energy redevelopment projects. This
document provides information about incentives in your state that can be leveraged for clean and renewable energy and development of contaminated land.
Incentives for Clean and Renewable Energy
Tax Incentives (abatements, deductions, credits, etc.)
Renewable Energy Production Corporate Tax Credits
www. tax.state.nm. us/forms/year07/rpd41227.pdf
Provides a tax credit against the corporate income tax of one cent per kWh
for companies that generate electricity from wind or biomass. Companies
that generate electricity from solar energy receive a tax incentive that
varies annually.
Advanced Energy Tax Credits
www.edd.state.nm.us/businessAssistance/incentives/industrySpecific/
Offers a 6% credit against gross receipts, compensation, or withholding
taxes for the development and construction costs of advanced energy
facilities, including solar thermal electric generating plants and associated
energy storage devices.
Biomass Equipment and Materials Deduction
www.legis.state.nm.us/Sessions/06%20Regular/firs/SB0640.html
Allows businesses to deduct 100% of the value of biomass equipment and
biomass materials used for the processing of biopower, biofuels, or
biobased products in determining the amount of Compensation Tax due.
Technical Assistance and Other Incentives
Customer Solar PV Program
www.pnm.com/customers/pv/home.htm
Offers a Renewable Energy Credit (REC) purchase program. The public
utility will purchase RECs from customers who install solar photovoltaic
systems (up to 10 kW in capacity) at a rate of $0.13/kWh through 2018.
Net Metering
www.nmprc.state.nm.us/energy/solar.htm (click "Incentives and Rebates
for Home Owner and Business" and scroll down to information on Net
Metering)
Offers availability of net metering to systems up to 80 MW in capacity. Net
metering is available to all qualifying facilities (QFs) including renewable-
energy systems and combined heat and power systems.
Quick Facts
Public Benefit Fund (PBF) Yes D No 0
Renewable Portfolio Standard Yes 0 No D
Investor-owned utilities: 20% by 2020
Rural electric cooperatives: 10% by 2020
Net Metering Yes 0 No D
Interconnection Standards Yes 0 No D
Electric Power Industry Generation by
Primary Energy Source (EIA, 2006)
Petroleum-Fired 0.1% Nuclear
Natural Gas-Fired 15.8% Hydroelectric 0.5%
Coal-Fired 80.1% Other Renewables 3.4%
Points of Contact
New Mexico Energy, Minerals and Natural Resources Department
www.emnrd.state.nm.us/
Renewable Energy Production Corporate Tax Credits
Michael McDiarmid, P.E., mmcdiarmid@state.nm.us, (505) 476-3319
Advanced Energy Tax Credits
Craig O'Hare, craig.ohare@state.nm.us, (505) 476-3207
Net Metering, Jim Brack, jim.brack@state.nm.us, (505) 827-6982
Biomass Equipment and Materials Deduction
Tax Information Office, poffice@state.nm.us, (505) 827-0700
Customer Solar PV Program
PNM Customer Generation Programs, (505) 241-2548
Information current as of November 2008; please refer to www.dsireusa.org and the state Web sites
provided, or contact the points of contact identified above for more up to date information.
New Mexico Incentives for Clean and Renewable Energy - Page '
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Incentives for Development of Contaminated Land
Funding (grants, loans, bonds, etc.)
Clean Water State Revolving Fund
www.nmenv.state.nm.us/cpb/cwsrf.html
Offers low interest (3% base interest rate) loans with a repayment
schedule up to 20 years to municipality-owned brownfields. The fund can
be used to fund non-point source projects, including brownfields
redevelopment projects.
Brownfields Cleanup Revolving Loan Fund (RLF)
www.nmenv.state.nm.us/gwb/New_Pages/ros_files/vrp_new/BF_VRP_ho
me.htm
Offers low-interest loans to developers and municipalities for site cleanup
activities where there is planned redevelopment, through a federally
funded program.
Technical Assistance and Other Incentives
Targeted Brownfields Assessment (TBA) Program
www.nmenv.state.nm.us/gwb/New_Pages/rosJles/vrp_new/BF_about_us.htm
Provides free targeted brownfields assessment (TBA) services at
brownfield properties. TBA funds can only be used for site screenings,
"all appropriate inquiry" (or ASTM Phase I environmental site assessment)
activities, Phase II environmental site assessments, and remediation
planning costs.
Limitations on Liability
Voluntary Response Program
www.nmenv.state.nm.us/
The program issues a Certificate of Completion (COC) for a property, and
provides a Covenant Not To Sue (CNTS) to a purchaser or prospective
purchaser of the property that did not contribute to the contamination.
Quick Facts
Limitations of Liability Yes 0 No D
Number of State-Tracked Contaminated Properties: 62
Includes active Voluntary Remediation Program sites
Number of EPA CERCLIS Sites: 184
Sites identified for potential investigation under the federal Superfund Program
Number of EPA Brownfields Properties: 0
Properties being funded or addressed under the EPA Brownfields Program
There may be some overlap among the categories listed and sites listed may not
represent all potentially contaminated sites in New Mexico.
Information current as of November 2008; please refer to
www.epa.gov/brownfields/pubs/st_res_prog_report.htm and the state Web sites provided,
or contact the points of contact identified above for more up to date information.
Points of Contact
Clean Water State Revolving Fund
New Mexico Environment Department
Jennifer Prada, Jennifer.prada@state.nm.us, (505) 827-2807
Voluntary Response Program
Brownfields Cleanup RLF, TBA Program, Voluntary Response
Program Limitations on Liability
Dana Bahar, dana_bahar@state.nm.us, (505) 827-2908
New Mexico Incentives for Development of Contaminated Land - Page 2
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