New Mexico – Solar Market Development Tax Credit
| Incentive Type | Personal Tax Credit | ||||
|---|---|---|---|---|---|
| Eligible Technologies | Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Photovoltaics, Solar Space Cooling | ||||
| Applicable Sectors | Commercial, Residential, Agricultural | ||||
| Incentive Amount | 10% of purchase and installation costs | ||||
| Maximum Incentive | $9,000 | ||||
| Eligible System Size(s) | PV: Minimum 100 W (DC) Solar Thermal: Minimum collector area of 15 square feet Solar Water Heat: At least 50% of the total water heating load must be provided by solar energy | ||||
| Equipment Standards | Must comply with requirements established in 3.3.28 NMAC (see below); includes requirement for solar water heaters to be SRCC-certified or in the certification process. | ||||
| Installation Standards | None Listed | ||||
| Start Date |
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More Information Contact:
Edward Trujillo
New Mexico Energy, Minerals and Natural Resources Department
Energy Conservation and Management Division
E-Mail: [email protected]
Web Site: http://www.emnrd.state.nm.us/ecmd/
Public Information
Taxation and Revenue Department
Administrative Services Division – Joseph Montoya Bldg.
1100 South St. Frances Dr
PO Box 630
Santa Fe, NM 87504-0630
Phone: (505) 827-0369
Phone 2: (505) 827-0870
Web Site: http://www.tax.state.nm.us/