A qualified small business R&D small business is eligible for a credit equal to the sum of all gross receipts taxes, compensating taxes, or withholding taxes due to the state for up to three years. Qualified R&D small businesses can employ no more than 25 employees or have a total revenue of more than $5 million.
This entry lists the states with Renewable Portfolio Standard (RPS) policies that accept generation located in New Mexico as eligible sources towards their RPS targets or goals. For specific information with regard to eligible technologies or other restrictions which may vary by state, see the RPS policy entries for the individual states, shown below in the Authority listings. Typically energy must be delivered to an in-state utility or Load Serving Entity, and often only a portion of compliance targets may be met by out-of-state generation.
The New Mexico Finance Authority’s Public Project Revolving Fund (PPRF) funds infrastructure and capital equipment projects with low-cost and low-interest rate loans. The key characteristics of the PPRF is that all participating borrowers, regardless of their credit worthiness, receive ‘AAA’ insured interest rates; among the lowest interest rates available in the market.
[http://www.nmlegis.gov/Sessions/10%20Regular/final/HB0233.pdf HB 233 of 2010] exempted residential solar energy systems from property tax assessments. According to state law, for the purposes of determining property taxes, the value of a property cannot increase by the greater of 3% of the previous year's assessment, or 6.1% of the assessment from two years ago. An assessment may exceed these restrictions, however, if physical improvements are made to the property.
PNM offers incentives for residential customers to improve the efficiency of eligible homes. PNM will provide a $50 rebate for the proper recycling of old refrigerators or freezers. Customers who agree to cycle the operation of residential air conditioning systems are also eligible for a $25 check annually. Additionally, PNM sponsors discounts on standard and specialty CFLs at a variety of retailers. For a complete list of participating stores, as well as additional program details and requirements, visit the program web site.
PNM is offering home builders a rebate for each Energy Star-qualified home they build in PNM service areas. Every Energy Star-qualified home must include effective insulation and air sealing, high performance windows, doors and skylights, tight construction and ducts, and independent testing and inspection. The builder must arrange for a qualified Home Energy Rater to inspect the new home.
PNM provides a range of incentives for commercial customers to increase the efficiency of new and existing facilities. Buildings which exceed the current building code by 10% can get 8 cents per estimated first year kilowatt hours saved. Buildings which exceed the current building code by 20% can get 10 cents per estimated first year kilowatt hours saved. Buildings projects which utilize enhanced commissioning may also receive additional incentives.
The New Mexico Environment Department's Air Quality Bureau processes permit applications for industries that emit pollutants to the air. The Permitting Section consists of three units, the Minor Source Unit, the Major Source Unit and the Technical Services Unit.
The New Mexico Environment Department's Air Quality Bureau regulates the open burning rules established by the Environmental Improvement Board. These rules are established to protect public health and welfare by establishing controls on pollution produced by open burning. Open burning is allowed for recreational and ceremonial purposes, for barbecuing, for heating purposes in fireplaces, for the noncommercial cooking of food for human consumption and for warming by small wood fires at construction sites. This rule does not apply to open burning for the purpose of waste disposal.