The Alternative Fuel Acquisition Loan Fund was created in the state treasury as a revolving loan fund. The fund balance does not exceed $5 million and is administered by the New Mexico Department of Energy, Minerals, and Natural Resources. The loans are for the state government, political subdivisions, and educational institutions. For more information, visit the program website.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | New Mexico |
| Incentive Type: | Loan Program |
| Web Site: | https://nmonesource.com/nmos/nmsa/en/item/4378/index.do#!fragment/zoupio-_Toc60646458/BQCwhgziBcwMYgK4DsDWszIQewE4BUBTADwBdoAvbRABwEtsBaAfX2zgDYAGDgFj4CsADgCUAGmTZShCAEVEhXAE9oAclViIhMLgTzFK9Zu26QAZTykAQioBKAUQAy9gGoBBAHIBhe2NJgAI2hSdhERIA |
| Administrator: | New Mexico Department of Energy, Minerals, and Natural Resources |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: |
Vehicles up to 14,000 lbs: $5,000 Vehicles from 14,000 lbs - 26,000 lbs: $10,000 Vehicles over 26,000 lbs: $20,000 |
| Loan Term: | 7 years maximum |
| Interest Rate: | 0% |
| Technologies: | Medium-Duty Electric Vehicles, Heavy-Duty Electric Vehicles |
| Sectors: | Local Government, Schools, State Government, Institutional |
| Parameters: | The incentive has a maximum of $5000.00, The incentive has a minimum of $20000.00 |
| Name: | New Mexico Statutes 13-B1, et seq. |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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