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(NM-D) Governor signs solar tax credit, education bills

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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 05:20 PM
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(NM-D) Governor signs solar tax credit, education bills

SANTA FE (AP) - New Mexicans could get state tax credits for installing solar energy systems in their homes and businesses under a bill signed into law Friday by Gov. Bill Richardson.


The tax credit, when used in conjunction with a federal solar energy tax credit, could shave nearly one-third off the cost of installing systems for heating homes and hot water, according to the governor's office.

"This bill helps us take advantage of our world-class solar energy resources to keep New Mexico the clean-energy state," Richardson said.

The credit would be equal to 30 percent of the cost of the system, less the applicable federal tax credits, up to a maximum of $9,000. The systems would have to be purchased by 2015 to be eligible for the credits.

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