Renewable energy

Posted on Jan 7, 2016

A THEnergy analysis exemplarily shows the mining sector why the timing is excellent for intensive energy consumers to commit to solar and wind energy The price for crude oil is falling, and the diesel price is following. This development is triggered partly by the demand side, as China’s economy is not growing as quickly as expected. We can however see a more interesting development on the supply side. OPEC is sitting on the driver’s seat of the recent oil price tumble. The price of the OPEC basket of twelve crudes recently fell below USD 28.50 per barrel.

A dumping-like strategy by OPEC seems to be aimed at preventing long-term investment by other oil producing nations. An oil price in the twenties means hardly a dozen nations can produce oil economically. Similar consequences arise for related energy forms, such as renewables. In solar– and wind–diesel hybrid applications,...

Tax credit for solar installation

Posted on Jan 6, 2016

Several years ago, the New Mexico Legislature passed a new tax credit to incentivize homeowners and businesses to install solar energy systems. And it was incredibly successful. The state Energy Conservation Division estimates that more than $31 million was spent by New Mexico businesses and homeowners on solar panels and heating systems in just the past year. But, the tax credit is set to expire this year unless the Legislature takes action to renew it. Rep. Sarah Maestas Barnes, R-Albuquerque, and Sen. Mimi Stewart, D-Albuquerque, have both introduced legislation to restore the tax credits. Both bills would maintain the current benefit of as much as 10 percent of the total cost, up to $9,000, in the upcoming years, with that amount being reduced incrementally starting in the year 2019.

We have argued before, and continue to believe, that New Mexico’s tax code has far too...