New Mexico H.B. 82 was introduced Jan. 17 by Rep. Matthew McQueen. The bill would reinstate the state solar tax credit and adjust the individual and statewide ceiling. The bill would extend the tax credit that expired at the end of 2016 at 10 percent, gradually phasing down until it sunsets at the end of 2024. The individual project cap would be $9,000. The statewide cap would be $5 million, rather than the previous cap of $2 million for solar thermal systems and $3 million for photovoltaic systems. H.B. 2 is available at www.energytaxcredits.com.
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