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Committee clears bill to clarify property-tax valuation for energy storage
House Energy, Environment & Natural Resources Committee (House of Representatives) · February 10, 2026
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Summary
The committee passed HB309 to apply New Mexico's special valuation method to energy storage assets used in electric generation, which developers said will provide certainty for investment in battery projects.
House Bill 309, which clarifies that energy storage property can be valued under New Mexico’s special valuation method for electric generating plants, received committee support and was passed out of the Energy, Environment & Natural Resources Committee.
Sponsor Representative Small said the amendment simply clarifies that storage is…
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