Gov. Susana Martinez pocket vetoed a measure that would have restored a tax credit aimed at offsetting the costs of solar energy systems for homes, small businesses and farms.
She failed to sign the legislation by her deadline Wednesday.
The original tax credit expired in 2016.
The proposal called for a credit that would have gradually declined from ten percent of the purchase and installation price to 6 percent over a 15-year period.
Supporters say the credit would have bolstered New Mexico’s solar industry.