Energy and Fuel Cost Savings Contracts
Government fleets may finance alternative fuel vehicles or related infrastructure through guaranteed utility savings contracts where vehicle operational and fuel cost savings pay for the capital investment. Guaranteed utility savings contracts must show that the cost savings resulting from the alternative fuel and infrastructure projects are equal to or higher than the annual contract payments.
(Reference New Mexico Statutes 6-23-2 and 6-23-3)
Jurisdiction: New Mexico
Type: Laws and Regulations
Enacted: Jul 1, 2009
Technologies: Biodiesel, Ethanol, EVs, Hydrogen Fuel Cells, Natural Gas, PHEVs, Propane (LPG)
See all New Mexico Laws and Incentives.