[NMSEA-news] NMSEA News, Events & Announcements: URGENT CALL TO ACTION! Solar Bill Before House TODAY!
News from New Mexico Solar Energy Association
nmsea-news at nmsea.org
Thu Feb 26 10:08:48 MST 2009
*HOUSE Bill **572**
Goes Before the House Business and Industry Committee*
*Thursday, February 26, 2009
In Room 309 of the Roundhouse, Santa Fe
*Please Express YOUR SUPPORT for This Bill ! *
The House agenda opens at 1:30. Supporters should be prepared for it to
possibly go first. Rep. Brian Egolf will present the bill, and after
this time the Chair will take public commentary in support or opposition
to the bill.
There was a very impressive showing in favor for this bill last Sunday.
It will be in front of the Committee again today, so despite this short
notice, if you can please add your support!
*~SHOW UP _OR_ CALL YOUR REPRESENTATIVES!~*
This bill has power to really move the solar market in a short period of
time, so it is of primary interest to solar industry supporters this
The most effective way to approach the Committee is to speak in terms of
/jobs, jobs, jobs/, not only for integrators, but also for products
manufactured and distributed from New Mexico.
*_Detailed Information About This Bill_: *
*HOUSE BILL HB-572*
*"SOLAR ENERGY IMPROVMENT SPECIAL ASSESSMENT ACT"*
This is a program that has already been adopted in California and
Colorado. It allows for a special assessment to the property owners tax
bill via a special assessment to pay for renewable energy. It has NO
impact on State or County funding. All administration fees are included
in the program.**
This program is completely voluntary at the County level and at the
Property Owner level.*
* *If a Property owner wishes to opt-in he or she simply goes to the web
site and fills out the simple application form. The third party
financial institution receives the key information about the property,
the proposed system, and the cost, and administers a qualification process.
Once the owner is approved he is directed to one of the approved
renewable energy providers in his or her community (approved by the New
Mexico Department of Minerals and Natural Resources) who oversees the
renewable industry in regards to investment tax credits available from
the State. ENMRD already has experience dealing with solar equipment
financing and they support this bill.
Upon approval and installation of the system and inspection by the
Utility company and local building inspectors, the specific financing
institution files a Property Tax Lien on the property and is paid
annually or semi-annually for such funding via a property tax assessment
amortized over 20 years. The assessment is against the property and not
the individual owner, so it is easily transferable.
The County Treasurers office is paid a fee that is acceptable to the
county to administer the transaction typically 1.25% annually for the
processing which amounts to $30-40.00 per transaction.
Value to Property Owner*
*No up front cost to add solar to their home allows for a much broader
socio-economic spectrum of property owners who want to "go solar" to do
so, and not just the affluent homeowner which has unfortunately been the
case in New Mexico.
· *Allows for a stable predictable electrical cost over the next
· *Reduces the carbon footprint of the homeowner and encourages
conservation and overall energy awareness, important policy aims.
· *Cost for system increases the value of the home and reduces
the long-term cost of ownership.
· *Protects New Mexicans from erratic swings in cost of fossil
*System transfers with sale of home to new owner since the underlying
tax lien is tied to the property and assessed to the property taxes not
Value to the New Mexico Economy*
· *Increases jobs in the renewable energy field and can create
thousands of direct and supporting skilled positions.
· *This program along with other renewable projects now provides
more new jobs in Colorado than the oil and gas industries combined.
(Reference source: www.ases.org/greenjobs)
· *Reduces the reliance on fossil fuels and uncontrollable fuel
costs for producing energy.
*Eases New Mexico's "day of reckoning" when fossil fuels will no longer
be plentiful and cheap.
Value to the Utility*
· *Provides Renewable energy credits for the Utilities to meet
their RPS quotas under New Mexico Law.
· *Provides a reduction in Transmission and Distribution loads
during portions of the Peak energy times of the day.
· *Gives Utility experience in an area that is only growing and
will become demanded more and more so they can continue to be profitable.
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