Support energy and innovation policy for New Mexico’s future
New Mexico has a once-in-a-generation opportunity to strengthen its position as a leader in advanced energy, research and long-term economic growth.
Learn about upcoming bills below and add your voice in their support.
Proposed legislation
The New Mexico Legislature is currently considering three targeted, bipartisan bills that would modernize existing policy tools, unlock private investment, and help New Mexico compete for next-generation industries, without creating a burden on taxpayers.
These bills ensure New Mexico’s policies drive real-world progress, reflect the realities of executing innovative, capital-intensive infrastructure, and enable communities to attract long-term investment and high-quality jobs.
Learn more about each bill and why it matters below. You can support these efforts by contacting your legislators today.
House Bill 154:
Advanced Energy Equipment Tax Credit
This bill clarifies that the Advanced Energy Tax Credit includes manufacturing associated with solar, wind, inverters, battery components, critical minerals, and fusion—without increasing the current $25 million annual cap or creating any new fiscal impact.
House Bill 27 & Senate Bill 97:
Updating the Research & Development Tax Credit
These bills expand the Research and Development Tax Credit to better align with the law's intent. First, the bill allows for recipients of Industrial Revenue Bonds to also qualify for the tax credit. This stackability allows the state to use all of its tools to attract and grow the next generation economy. It makes the credit transferable, allowing it to function as intended by providing early-stage liquidity that supports job creation, infrastructure investment, and in-state growth. Without transferability, those credits sit unused when capital is most needed.
House Bill 165:
C-PACE Clarification for IRB-Financed Properties
This bill clarifies C-PACE financing to unlock private capital for infrastructure investments. Right now, properties financed with Industrial Revenue Bonds can't access C-PACE financing in New Mexico, even though they're privately owned. By making this technical fix, property owners have access to long-term, fixed-rate private financing for energy efficiency and infrastructure improvements without putting additional burden on taxpayers.
Take action
If you believe New Mexico should compete for advanced energy, high-wage jobs, and long-term economic growth, we invite you to message your state legislators and urge them to support these measures.