Passed One ChamberFiled Jan 21, 2026
Sponsor: Stewart, Mimi
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The bill lets individuals, businesses, farms and eligible tribal lands claim a credit equal to 30% of the cost to buy and install a solar thermal or photovoltaic system. The credit cannot exceed $15,000 per taxpayer each year and is limited to $30 million of total credits statewide per year. It aims to boost solar adoption in New Mexico while allowing the credit to be transferred or sold if desired.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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