Bill > SB2

This bill, the Low Income Solar Act, aims to promote the equitable distribution of benefits from on-site solar energy generation on affordable housing. The key provisions include: 1. Defining "low-income housing shared distributed generation systems" and outlining requirements for such systems, including that they use renewable energy and are designed to meet the electricity needs of the affordable housing property. 2. Requiring utilities to provide virtual net metering bill credits at the full retail value to users of these systems, which can include individual tenants, common areas, or master meters. 3. Prohibiting utilities from charging users of these systems any fees or charges different from other customers in the same rate class, and allowing them to be placed in residential or small commercial rate classes. 4. Directing the Public Regulation Commission to adopt rules regarding the standard tariff and contract for these systems, including provisions for equitable allocation of benefits to tenants. 5. Exempting residential solar energy systems from property tax valuation, starting in 2025. The overall aim is to facilitate the deployment of on-site solar energy in affordable housing communities and ensure that the benefits are equitably distributed to low-income residents.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=2&year=24