House Bill 32, calling for an Energy Storage Tax Credit in New Mexico, is one of REIA’s priorities for the 2023 legislative session. We are at a critical time for tackling climate change and transitioning to a clean energy economy. Energy storage benefits are numerous including providing backup power when there is a power outage, saving utilities and customers money by reducing the need for new infrastructure, and providing the potential to balance energy supply and demand.
You can read the full bill at https://www.nmlegis.gov/Legislation/Legislation?Chamber=H&LegType=B&LegNo=32&year=23 . We encourage your support of this important piece of legislation!
