- Associated Press - Wednesday, February 13, 2019

SANTA FE, N.M. (AP) - New Mexico would provide a $6,000 credit against taxes for households, small business and farms that install rooftop solar energy systems under a bill introduced Tuesday.

The proposal from Democratic Sen. Mimi Stewart of Albuquerque would set aside up to $10 million a year for the credits.

The credit can be carried over the course of up to five years for applicants with small annual tax liabilities.

In a statement, Democratic Gov. Michelle Lujan Grisham endorsed the tax break as a way to create more jobs in the clean-power sector and addressing climate change concerns.

The governor’s Republican predecessor blocked a similar measure approved by the Legislature last year. Republican legislators derided that bill as a tax break for the affluent.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide