Title: Renewable Energy Production Corporate Tax Credit in New Mexico
Details:
The Renewable Energy Production Corporate Tax Credit is an Industrial and Commercial program for those who have energy efficient improvements made with the following: Wind, Biomass, Municipal Solid Waste, Anaerobic Digestion, Solar Thermal Electric, Photovoltaic, and Landfill Gas. The program offers up to $4 million/yr with 1cent/kWh for wind and biomass and 2.7cents/kWh for solar. The system needs to have a min capacity of 1MW. The following legislation set up this program: N.M. Stat. § 7-2A-19. For more details use the following links and contact below:
http://www.tax.state.nm.us/forms/year07/rpd41227.pdf
Contact for more information:
Michael McDiarmid, P.E.
New Mexico Energy, Minerals and Natural Resources Department
Energy Conservation and Management Division
1220 South Saint Francis Drive
Santa Fe, NM 87505
Phone: (505) 476-3319
Fax: (505) 476-3322
E-Mail: mmcdiarmid@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/
