For Families
For Businesses
For Communities
For Seniors
For Taxpayers
100
Hundreds of thousands of New Mexico low- and moderate-income households are eligible for these.
What are rebates or tax credits on electric appliances like super-efficient heat pumps, water heaters and stoves?
See how you can save money: https://www.whitehouse.gov/cleanenergy/
100
Besides individuals and families, who else, critical to New Mexico's economy, can save money through the new ACA subsidies?
8,000 small business owners and self-employed adults (they make up 22% of working-age New Mexicans enrolled in the ACA).
100
Every community relies on this aging network of transmission lines, generating facilities, and transformers to provide light and heat 24 hours a day, 365 days a year.
What is the grid?
(The IRA will modernize and weatherize the grid to make it more resilient.)
100
$35 a month.
What is the most Medicare recipients will be charged for insulin thanks to the Inflation Reduction Act?
100
People who make less than $400,000 a year.
Whose taxes will NOT go up because of the Inflation Reduction Act?
200
Over 90,000 New Mexico households will install rooftop panels because of these.
What are tax credits covering 30% of the costs to install solar panels?
(You can also get tax credits for battery storage systems, energy leakage reduction or heating and cooling upgrades.)
200
Tax credits for improving energy efficiency, installing solar power, or buying clean trucks and vans for commercial fleets can benefit 159,000 of these.
What are small businesses in New Mexico?
200
Preparing for these events is one of the purposes of upgrading the grid, upgrading people's homes, helping farmers practice climate-smart agriculture and planting trees in urban areas (and more!)
What are extreme weather events?
200
These will be capped for Medicare recipients, providing peace of mind for people with conditions such as cancer.
What are out-of-pocket drug expenses?
200
Because of the IRA, it will be reduced by $300 billion.
What is the deficit?
300
$7,500 for new and $4,000 for used, plus you can skip the gas pump.
How much can you save if you purchase an electric vehicle?
300
Between now and 2030, this much money will be invested in New Mexico for large-scale clean power generation and storage.
What is $15 billion?
(Right now 12,000 New Mexicans are employed in clean energy jobs. Think how many more jobs will be created with $15 billion.)
300
Generating our own renewable and reliable energy will allow us to accomplish this goal that the U.S. has talked about for years.
What is becoming energy independent?
300
Vaccines, such as the shingles vaccine.
What is now free for Medicare beneficiaries?
300
What government agency is already serving you better because of new funding from the Inflation Reduction Act?
What is the IRS?
400
The average New Mexican – even if they don't install energy-saving appliances in their homes – could save 12% ($266/year) on his utility bills because of these.
What are grants to state and local governments to adopt the latest building energy codes?
400
By spending $2 to $3 for every federal dollar, these New Mexicans can bring $10 billion extra dollars to New Mexico.
Who are developers?
(The "stackable" incentives and grants work like this: on top of a 30% tax credit, developers can earn more credits for 1) using prevailing wage labor, 2) employing apprentices, and 3) using American-made steel and aluminum, etc.)
400
Underserved communities who will now benefit from expanded broadband, guaranteed loans, money to mitigate drought, and projects such as fish hatcheries.
What are New Mexico's 23 federally recognized tribes?
400
Drug companies that raise the price of drugs faster than inflation.
Who will have to pay Medicare a rebate?
400
The Inflation Reduction Act requires the richest 1% of Americans to do this.
What is "pay what they owe."
500
10,000 more New Mexicans will reduce their debt, avoid bankruptcies and evictions (not to mention be able to pay their health care bills) because of these.
What are the new ACA subsidies?
500
Tax credits for carbon capture, carbon conversion, carbon dioxide removal, carbon transport and storage will benefit companies in this region of New Mexico.
What is the Permian Basin?
500
Up until now, these entities in rural New Mexico have not been able to receive federal tax credits. Now they are eligible for billions of dollars in loans and tax credits to acquire renewable and carbon-free energy.
What are New Mexico's 16 electric co-ops?
500
This will save billions of dollars for seniors, people with disabilities, and the federal government all at the same time.
What is allowing Medicare to negotiate the price of high-cost prescription drugs?
500
Large corporations with over $1billion in income will have to pay this.
What is a 15% minimum tax?