Solar Market Development Tax Credit;
State: New Mexico
- Incentive Type: Personal Tax Credit
- Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Photovoltaics, Solar Space Cooling
- Applicable Sectors: Commercial, Residential, Agricultural
- Amount: 10% of purchase and installation costs
- Maximum Incentive: $9,000
- Eligible System Size: 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 Requirements: 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.
- Carryover Provisions: Maximum 10-year carryover
- Program Start Date: 1/1/2009
- Program Expiration Date: 12/31/2016
- Web Site: http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/solartaxcredit.htm
Contact:
Ryan Helton
New Mexico Energy, Minerals and Natural Resources Department
Energy Conservation and Management Division
1220 S. St. Francis Drive
Santa Fe, NM 87505
Phone: (505) 476-3318
Fax: (505) 476-3322
E-Mail: ryan.helton@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/