Webp v2b1tsrvo4u7ljhglxfdsomqya7s

Sierra Club applauds New Mexico's new tax incentives for clean energy

ORGANIZATIONS IN THIS STORY

Rep. Yanira Gurrola House District 16 | Sierra Club Rio Grande Chapter

Governor Lujan Grisham has signed a new tax package aimed at benefiting New Mexicans through various climate and family-related incentives. The package includes savings for clean cars, rooftop solar, and efficient home heat pumps. It introduces a credit for used electric vehicles and offers compensation to households that purchased solar systems after previous credits expired.

Camilla Feibelman, Director of the Sierra Club Rio Grande Chapter, stated, "Governor Lujan Grisham signed a climate and families tax package today. New Mexicans can save money on clean cars, rooftop solar and efficient home heat pumps. Adding a credit for used electric vehicles and compensating households that purchased solar after the credit ran out in previous years make a real difference for lower- and middle-income people."

The state climate credits are designed to be paired with federal rebates to encourage faster adoption of these technologies, which are crucial for reducing climate change impacts and air pollution. The package also supports large-scale renewable energy projects, manufacturing, geothermal initiatives, and storage solutions.

Feibelman expressed gratitude towards the legislative leadership for enhancing the package: "The state climate credits can be paired with federal rebates that will drive faster uptake of these technologies so key to reducing our climate and air pollution. The package also supports large-scale renewables buildout, manufacturing, geothermal and storage. This is the type of urgent action that the climate crisis demands. We’re grateful to House and Senate leadership and the governor for bringing back a bigger and better package."

ORGANIZATIONS IN THIS STORY

More News