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Programs for Homeowners and Businesses

 

Low-Interest Loans

The City has partnered with Homewise Inc., a local non-profit organization, to provide low-interest loans to homeowners making less than $99,000 per year for energy efficiency upgrades and/or solar equipment installations. Qualified projects include solar hot water, solar electric (PV), high efficiency furnaces, window and door replacement, and roofs and stucco with insulation.

For more information, contact Homewise by e-mail[bot protected email address] or at 983-WISE (9473).

Rebates

Both the Public Service Company of New Mexico (PNM) and the New Mexico Gas Company offer rebates for various residential and commercial energy efficiency installations:

Tax Credits

The federal government offers a 30% tax credit on the purchase of renewable energy systems like solar panels. Businesses may be eligible for a direct payment in lieu of a tax credit as directed at the U.S. Treasury Department's website.

In addition, residents and businesses are eligible for a number of other federal tax breaks for energy efficiency projects and the purchase of hybrid and electric vehicles.

 

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