Three great solar bills finally passed!
NM IPL has advocated for many years now for versions of the following bills, which finally passed in this session! They are:
New Mexico Solar Access Fund (HB 128)
Establishes a grant fund at the New Mexico Finance Authority, which will issue both planning and implementation grants to Tribes, Counties, Municipalities, School Districts, and Land Grants for solar and storage projects to power public buildings like community centers, libraries, schools, and fire stations, and infrastructure like water, wastewater, and street lighting. Planning includes procuring grant writers and technical expertise to plan and fund projects, and implementation includes funding construction, purchase, installation, and equipment of solar energy and storage systems. Public Power New Mexico has more information HERE.
Low-Income Utility Users (SB 156)
This will help provide stability and financial predictability for low-income solar systems owners by safeguarding the financial benefits of net-metering. The Coalition of Sustainable Communities NM, estimates that over 5,000 low income NM households could receive residential leased or owned systems through over the next 4 years. These systems would have 20-25 yr lifetimes, generating $10,000 - $20,000 in bill savings for low-income households. These savings would disappear if utilities imposed rooftop solar rate riders that don't exempt low-income households (defined as 80% AMI or lower). SB 156 exempts low-income solar cystomers from rate riders, adds a defenition for "low-incme customer" to the public utility act, and directs annual verification of low-income customers.
Public Utility Rate Structures (HB 91)
Our friends at the Southwestern Energy Efficiency Project (SWEEP) and Prosperity Works, worked hard to pass this bill that gives investor-owned utilities the power to provide New Mexico's most vulnerable residents with lower electric and gas bills. This bill grants the PRC (Public Regulatory Commission) the authority to review and approve reasonable low-income rate proposal submitted by Investor Owned Utilities. It supports utilities in addressing energy burdens while ensuring that rates meet regulatory standards for fairness and reasonableness.
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