NM – Solar Energy Gross Receipts Tax Deduction

Title: Solar Energy Gross Receipts Sales Tax Incentive in New Mexico

Details:

The Solar Energy Gross Receipts Sales Tax Incentive is an Installer/Contractor, Commercial, Residential, Construction, Solar Distributors, and Retail Supplier program for those who have energy efficient improvements made with the following: Solar Space Heat, Solar Thermal Electric, Photovoltaic, Passive Solar Space Heat, and Solar Water Heat. The program offers 100% off sales tax. The following legislation set up this program: N.M. Stat. § 7-9-112 and NMAC 3.2.247. For more details use the following links and contact below:

http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/grossreceiptstaxexemption.htm

http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/documents/RPD41341.pdf

Contact for more information:

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/

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