Displaying 1 - 7 of 7
State
In effect
New Mexico Sustainable Building Tax Credit
NM
Incentive
Minimum certification level: LEED Silver
In 2009, the Governor of New Mexico enacted SB 291, establishing the state's Sustainable Building Tax Credit. This legislation provides tax credits based on the square footage of the building. For commercial buildings, the tax credits range from $3.50 per square feet for buildings that achieve LEED for New Construction Silver certification to $6.25 per square feet for buildings that achieve LEED for New Construction Platinum certification. For residential buildings, the tax credits range from $5.00 per square feet for buildings that achieve LEED for Homes Silver certification to $9.00 per square feet for buildings that achieve LEED for Homes Platinum certification. On March 16, 2013, renewed the Sustainable Building Tax Credit, creating an additional $12 million opportunity for single-family residential green construction and $3 million in commercial and multifamily opportunities spread out over the next three years. LEED Silver-certified commercial buildings for new construction (NC), existing buildings, core and shell, or commercial interiors are eligible for a tax credit. The amount of the credit varies according to the square footage of the building and the level of certification achieved. On April 10, 2015, the Sustainable Building Tax Credit was renewed and updated again. The new SBTC guideline establishes a personal tax credit and a corporate tax credit for new and major renovations that are LEED Silver-certified or higher for taxable years up to 2026. The tax credit amount is based on certification level achieved and the amount of qualified square footage. The tax credit is available for commercial and residential buildings under LEED - NC, LEED EB and LEED CI and LEED for Homes. The 2015 update caps the eligible size per residential project at 2,000 square feet and reduces the amount of the tax credit available per square foot.
City/Town
Amended
Taos Building Code, Ordinance 09-03
Taos, NM
Requirement
Minimum certification level: LEED
In 2009, the Taos Town Council adopted Ordinance 09-03, requiring all new commercial buildings over 6,000 square feet to earn LEED certification and achieve at least three credits in the water conservation category. The ordinance was amended in 2010, requiring that all new commercial buildings earn LEED certification. Renovations that increase the building's size by at least 50% are subject to these requirements.
City/Town
In effect
2007 Albuquerque Energy Conservation Code
Albuquerque, NM
Requirement
Minimum certification level: LEED Silver
In 2007, the Mayor of Albuquerque enacted the 2007 Albuquerque Energy Conservation Code Volumes I and II, requiring commercial and multifamily residential buildings to be 30% more efficient than a baseline building per ASHRAE 90.1 1999 and requiring one- and two-family dwellings to meet ICC 2006 and several other energy efficiency requirements. The code does not apply to LEED-certified commercial and multi-family residential buildings that earn a minimum of 4 credits in EAc1 "Optimize Energy Performance," or one- and two-family dwellings that provide proof of LEED for Homes Silver certification.
State
Amended
Sustainable Building Tax Credit, NM SB 543
NM
Incentive
Minimum certification level: LEED Silver
In 2007, the Governor of New Mexico enacted SB 543. The omnibus bill included a sustainable building tax credit to promote the construction of high performance, green design and construction. The credit increases commensurate with the level of LEED certification achieved. The total amount of tax credits shall not exceed an aggregate amount of $5 million with respect to commercial buildings and an aggregate amount of $5 million with respect to residential buildings.
State
In effect
Executive Order 06-001
NM
Requirement
Minimum certification level: LEED Silver
In 2006, the Governor of New Mexico issued Executive Order 06-001, requiring all new public buildings larger than 15,000 square feet and/or using more than 50 kW peak electrical demand to earn LEED Silver certification. Existing public buildings larger than 15,000 square feet and/or using more than 50kW peak electrical demand must be renovated to achieve LEED Silver, and must achieve a 50% reduction in energy usage compared to the average U.S. energy consumption for that size of building as defined by the Department of Energy. New public buildings between 5,000-15,000 square feet are required to achieve a 50% reduction in energy usage compared to the average U.S. energy consumption for that size of building as defined by the Department of Energy.
City/Town
In effect
Albuquerque Municipal Code, Chapter 3, Article 9, Resolution R-05-258
Albuquerque, NM
Requirement
Minimum certification level: LEED Silver
In 2005, the Mayor of Albuquerque enacted Resolution R-05-258, requiring all city-owned and city-funded projects 5,000 square feet and above and/or using over 50 KW electrical demand to earn LEED Silver certification. This includes existing buildings.
City/Town
In effect
Albuquerque Green Path Program
Albuquerque, NM
Incentive
Minimum certification level: LEED Silver
In 2008, the City of Albuquerque's adopted the Green Path Program, which provides incentives for commercial and residential buildings that earn LEED certification. Commercial buildings are required to exceed minimum code requirements and achieve either LEED Silver or LEED Gold with specific credit requirements. Residential buildings must exceed minimum code requirements and achieve both LEED Homes Silver and Build Green New Mexico Silver. Incentives include expedited permitting and integrated and preliminary plan review.