Advanced Energy Tax Credit
Information Specialist
New Mexico Taxation & Revenue Department
1100 South St. Francis Drive
Santa Fe, NM 87504
Phone: (505) 827-0700
Web Site: http://www.tax.newmexico.gov
| Incentive Type | Corporate Tax Credit |
|---|---|
| Eligible Technologies | Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Daylighting |
| Applicable Sectors | Commercial, Residential, Multi-Family Residential |
| Incentive Amount | Varies based on the square footage of the building and the certification level |
| Maximum Incentive | None Listed |
| Eligible System Size(s) | None Listed |
| Equipment Standards | None Listed |
| Installation Standards | None Listed |
| Start Date | 1/1/2007 |
| Incentive Type | PACE Financing |
|---|---|
| Eligible Technologies | Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Geothermal Electric, Geothermal Heat Pumps, Others (determined locally) |
| Applicable Sectors | Commercial, Residential |
| Incentive Amount | None Listed |
| Maximum Incentive | None Listed |
| Eligible System Size(s) | None Listed |
| Equipment Standards | None Listed |
| Installation Standards | None Listed |
| Start Date | 07/01/2009 |
| 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 |
|
| Incentive Type | Property Tax Incentive |
|---|---|
| Eligible Technologies | Solar Water Heat, Solar Space Heat, Photovoltaics |
| Applicable Sectors | Residential |
| Incentive Amount | None Listed |
| Maximum Incentive | None Listed |
| Eligible System Size(s) | None Listed |
| Equipment Standards | None Listed |
| Installation Standards | None Listed |
| Start Date | 1/1/2010 |
| Incentive Type | Sales Tax Incentive |
|---|---|
| Eligible Technologies | Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics |
| Applicable Sectors | Commercial, Residential, Construction, Installer/Contractor, Retail Supplier, Solar Distributors |
| Incentive Amount | 100% of gross receipts from sale and installation of solar energy systems |
| Maximum Incentive | None Listed |
| Eligible System Size(s) | None Listed |
| Equipment Standards | None Listed |
| Installation Standards | None Listed |
| Start Date | 7/1/2007 |