During the 2009 New Mexico legislature, several new incentives were passed to assist with energy efficiency improvements and solar equipment installation. In some cases the state incentive is intended to complement the federal incentive to further incentivize New Mexican's to reduce their greenhouse gas footprint:
SB 237, Renewable Energy Tax Credit (Sen. Carlos Cisneros) expands the Advanced Energy Tax Credit of 2007 to include utility-scale solar photovoltaic and geothermal technologies.
SB 257, Solar Market Tex Development Credit (Sen. Tim Keller) allows New Mexico’s Solar Market Development Tax Credit to piggyback on federal solar credits.
HB 375, Certain Geothermal Heat Pump Tax Credits (Rep. Bobby Gonzalez) provides a tax credit for purchase and installation of ground-coupled heat pumps.
HB 572, Solar Energy Improvement Special Assessments (Rep. Brian Egolf) allows counties to impose solar energy improvement special assessments on single-family residential or commercial property of the property owner requests it, improving access to up-front financing.
SB 647, Renewable Energy Financing District Act (Sen. Peter Wirth) allows counties and municipalities to form renewable energy financing districts to help fund renewable energy improvements including solar photovoltaic, solar thermal, geothermal, and wind energy.