In 2023, New Mexico adopted the Commercial Property Assessed Clean Energy (C-PACE) program to assist eligible property owners with obtaining long-term financing for a range of energy efficiency and resiliency improvements. The financing is then secured via a special improvement assessment on the improved property. In June 2024, Bernalillo County and the City of Albuquerque became the first local governments in the state to pass legislation opting into the New Mexico C-PACE program.
Commercial property owners can make clean energy building improvements to enhance their operations, save money, and increase profits whether or not they are engaged in manufacturing because the program is available to commercial properties that qualify under the C-PACE program.
More information and an application can be found on the New Mexico Economic Development Department’s program contractor’s website here.