There are a number of policy options that will ensure that 30% of power in NM comes from renwable sources by 2020" and then list the energy policy options including the RPS, Rebates, and Incentives.
Expand the Renewable Portfolio Standard (RPS)
An RPS requires that a certain percentage of a utility's
overall or new generating capacity or energy sales must be
derived from renewable resources. Currently the state of New
Mexico has a law that requires 10% of electricity from utilities
come from renewable sources including solar, wind and biomass. We can and should
expand this standard, which will help grow our renewable energy
industries.
Promote Rebates
Local and state governments can introduce rebates to help
guide and influence consumers to purchase more efficient appliances
and vehicles. Many states now have rebates, which help consumers
purchase renewable energy systems for their homes or businesses.
Although New Mexico does not yet have a rebate program for
energy, twenty-five states offer some form of rebate for renewable
energy installations.
California recently approved a $3billion
solar rebate program, which will create tens of thousands
of jobs and billions of dollars in net economic benefits.
New Mexico could foster our new energy industries and reduce
our global warming pollution by adopting a similar program.
New Mexico communities have used rebates very effectively
to get consumers to buy more water-efficient washers and toilets.
This intervention has helped consumers save money and helped
New Mexico save water. A renewable energy rebate program in
New Mexico would stimulate economic growth and help consumers
save money.
Provide Incentives
Tax credits for renewable energy systems could help consumers
save money and create new industries in New Mexico. A state-based
solar tax credit will complement the new federal
tax credit, which is too weak to support either larger
solar heating systems, or residential photovoltaic systems.
The federal credit also expires in 2008—not long enough
to provide the certainty that developing businesses need.
The NM Legislature just passed a solar tax credit bill, which will provide up to $50 million in support of solar power and solar heating in New Mexico. This is the first significant financial solar incentive in New Mexico in 20 years, and will help invigorate the solar industry in our state. |
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