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For Solar Installers

Solar Businesses

New Mexico Solar Rebates and Incentives

Solar Market Development Tax Credit

New Mexico’s Solar Tax Credit is funded at $5 million a year and is available to home owners and non-corporate business owners. Eligible PV and other solar energy systems must be operational after Jan. 1 2009, to be eligible for the credit.
Program Type Tax Credit
Technologies Photovoltaics, Solar Hot Water, Solar Space Heating, and Cooling and Solar Thermal
Amount Limited to $9,000 or 10 percent of system installation and cost
Required Documentation Solar System Certification Application Form and Solar System Installation Form
Official Web Site http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/solartaxcredit.htm

New Mexico’s Solar Tax Credit is funded at $5 million a year and is available to home owners and non-corporate business owners. Applicants are eligible to receive up to $9,000 or 10 percent of system costs. And they may apply for multiple incentives. For instance, someone installing a PV system and a solar thermal system could qualify for up to $18,000 in tax credits in a year. Applicants are also eligible for the 30 percent federal tax credit on a qualified system.

The program is funded through Dec. 31, 2016.