New Mexico Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 04/24/2012
Program Overview:
| State: |
New Mexico |
| Incentive Type: |
State Loan Program |
| Eligible Efficiency Technologies: |
Unspecified Technologies |
| Eligible Renewable/Other Technologies: |
Photovoltaics, Other Distributed Generation Technologies |
| Applicable Sectors: |
Local Government, Public Water Systems |
| Amount: | Loan recipients can receive principal forgiveness starting at 25% of project costs. Additional principal forgiveness may be available for projects earning "disadvantaged community" status and "green project" status, up to a maximum 75% principal forgiveness. |
| Terms: | 0% to 2% with terms of 20 years following a two-year construction period |
| Funding Source: | Environmental Protection Agency Capitalization Grant; additional funds from state. |
| Start Date: | 1997 |
| Web Site: |
http://www.nmfa.net/NMFAInternet/NMFA_Web.aspx?ContentID=6
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Summary:
The Drinking Water State Revolving Loan Fund provides low cost financial assistance to eligible public water systems to finance the cost of repair and replacement of drinking water infrastructure, maintain or achieve compliance with the federal Safe Drinking Water Act (SWDA) requirements, and protect drinking water quality and public health.
The program offers principal forgiveness starting at 25% of project costs. Depending on determinations to be made by the New Mexico Financing Authority, additional principal forgiveness for up to a total of 75% of project costs may be awarded for communities that qualify as disadvantaged communities, and certified "green projects". See the website above for complete details. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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