SANTA FE — A proposal to reinstate an income tax credit for homes and businesses that install solar panels is headed to the House floor.
Senate Bill 79, sponsored by Senate Majority Whip Mimi Stewart, D-Albuquerque, would bring back a tax credit that expired in 2016.
Stewart said it would help make solar energy more affordable, especially as new tariffs are expected to drive up the cost.
The proposal passed the Senate on a 35-6 vote earlier this week, and it cleared a House committee 9-6 on Tuesday.
To become law, it must also pass the full House and be approved by Republican Gov. Susana Martinez.
The Sierra Club, Conservation Voters New Mexico and other groups testified in favor of the proposal.