EnergyPal

Buyer's Guide 2024

Alternative Fuel Vehicle Loan Program

Solar & Battery Regulation & Incentive Programs

Program Overview

Category
Financial Incentive
Program Type
Loan Program
Implementing Sector
State
State
New Mexico
Eligible Storage Technologies
Medium-Duty Electric Vehicles, Heavy-Duty Electric Vehicles
Website
https://nmonesource.com/nmos/nmsa/en/item/4378/index.do#!fragment/zoupio-_Toc60646458/BQCwhgziBcwMYgK4DsDWszIQewE4BUBTADwBdoAvbRABwEtsBaAfX2zgDYAGDgFj4CsADgCUAGmTZShCAEVEhXAE9oAclViIhMLgTzFK9Zu26QAZTykAQioBKAUQAy9gGoBBAHIBhe2NJgAI2hSdhERIA
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%
Administrator
New Mexico Department of Energy, Minerals, and Natural Resources
Applicable Sectors
Local Government, Schools, State Government, Institutional
Budget
$5 million
Last Updated
12/10/2021

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