New Mexico, Kansas Create New Incentives for Renewables

The Democratic governors of New Mexico and Kansas have signed into law new bills boosting support for renewable energy production in their states. 

Bill Richardson signed a package of proposals for New Mexico, one of which expands an income tax credit for the installation of solar power systems in residences and businesses. Another provides an income tax credit for part of the construction costs of plants that generate electricity from solar or geothermal energy or coal-fired plants meeting certain emissions standards.

He also signed measures giving commercial and residential property owners new options for financing solar or other renewable energy power systems.

Kathleen Sebelius signed a new bill that modifies the Kansas Economic Revitalization and Reinvestment Act to add economic incentives for solar or wind energy projects.

Under the new law, eligible projects must be related to the research, development, engineering or manufacturing of wind or solar energy industries. Project also must commit a minimum of $30 million in investments within the state and employ a minimum of 200 full-time employees within five years, at an average salary of at least $32,500.

"To recover from this economic recession, we must look to new industries and new opportunities," Sebelius said. "Renewable energy companies are a perfect fit for Kansas, as we’re the third-best state in the nation for wind energy, and we have a trained and able workforce."

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