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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 StandardsMust 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 StandardsNone Listed
Start Date
Start Date:1/1/2009
Expiration Date:12/31/2016

More Information Contact:

Edward Trujillo
New Mexico Energy, Minerals and Natural Resources Department
Energy Conservation and Management Division
E-Mail: EdwardD.Trujillo@state.nm.us
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/

 

 

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