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NM agency tallies renewable energy tax credits

Published on NewsOK Modified: January 1, 2013 at 11:31 am •  Published: January 1, 2013

ALBUQUERQUE, N.M. (AP) — New Mexico officials reviewed and processed thousands of requests in 2012 for tax credits and other funding aimed at boosting renewable energy development in the state.

The growth over the past year included 50 new megawatts of wind power and four times the amount of solar-generated power than what was available in 2011, according to the latest annual report from the Energy, Minerals and Natural Resources Department.

State officials said there's now 152 megawatts of solar power operating in New Mexico. That includes new arrays brought online by the state's largest electric provider, Public Service Company of New Mexico, and thousands of new residential photovoltaic units.

New Mexico's not alone in its interest in solar. Nationally, in the third quarter alone, the photovoltaic market saw 44 percent growth over the same period in 2011, according to the Solar Energy Industries Association.

New Mexico continues to rank sixth in the nation for installed solar electric capacity, according to the association.

Officials at the state energy and minerals agency said they received more than a dozen applications for the renewable energy production tax credit over a 12-month period through October 2012. The agency awarded nine certificates for solar generators and one for a wind farm.

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