Advanced Energy Tax Credit (Corporate)

Advanced Energy Tax Credit (Corporate);
State: New Mexico

  • Incentive Type: Corporate Tax Credit
  • Eligible Renewable/Other Technologies: Solar Thermal Electric, Photovoltaics, Geothermal Electric
  • Applicable Sectors: Commercial
  • Amount: 6% credit against personal, corporate, gross receipts, compensating, or withholding taxes
  • Maximum Incentive: $60 million
  • Eligible System Size: 1 Megawatt or greater
  • Carryover Provisions: 10 years
  • Program Start Date: 7/1/2009

Contact:

Craig O’Hare
New Mexico Energy, Minerals and Natural Resources Department
Energy Conservation and Management Division
1220 S. St. Francis Drive
Santa Fe, NM 87505
Phone: (505) 476-3207
Fax: (505) 476-3322
E-Mail: craig.ohare@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/