NMSA 1978, § 7-9-54.3 — 7-9-54.3

Deduction; gross receipts tax; wind and solar generation
equipment; energy storage equipment; sales to governments.

# A.

Prior to July 1, 2034, receipts from selling wind generation equipment or solar
generation equipment to a government for the purpose of installing a wind or solar
electric generation facility may be deducted from gross receipts.

# B.

Prior to July 1, 2034, receipts from selling energy storage equipment or related
equipment to a government for the purpose of installing an energy storage facility may
be deducted from gross receipts.

# C.

As used in this section:
(1) "energy storage equipment" means equipment that is installed for the
purpose of storing electric energy in an energy storage facility that uses mechanical,
chemical, thermal, kinetic or other processes to store energy for release at a later time
to integrate energy supply associated with renewable generation across the electric
grid;
(2) "government" means the United States or the state or a governmental unit
or a subdivision, agency, department or instrumentality of the federal government or the
state;
(3) "related equipment" means transformers, power conversion equipment,
circuit breakers and switching and metering equipment used to connect:
(a) a wind or solar electric generation plant to the electric grid; or
(b) an energy storage facility to the electric grid or to a wind or solar electric
generation plant;
(4) "solar generation equipment" means solar thermal energy collection,
concentration and heat transfer and conversion equipment; solar tracking hardware and
software; photovoltaic panels and inverters; support structures; turbines and associated
electrical generating equipment used to generate electricity from solar thermal energy;
and related equipment; and
(5) "wind generation equipment" means wind generation turbines, blades,
nacelles, rotors and supporting structures used to generate electricity from wind and
related equipment.