NM – Solar Market Development Tax Credit

Title: Solar Market Development Personal Tax Credit in New Mexico

Details:

The Solar Market Development Personal Tax Credit is an Industrial, Commercial, Residential, and Agricultural program for those who have energy efficient improvements made with the following: Solar Thermal Process Heat, Photovoltaic, Solar Space Cooling, Solar Water Heat, and Solar Space Heat. The program offers up to $9k or 10% of costs. The following legislation set up this program: NM Stat. § 7-2-18.14, SB 257, and 3.3.28 NMAC (Solar System Certification Requirements). For more details use the following links and contact below:

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

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/

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/

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