EnergyPal

Buyer's Guide 2024

Alternative Energy Product Manufacturers Tax Credit

Solar & Battery Regulation & Incentive Programs

Program Overview

Category
Financial Incentive
Program Type
Industry Recruitment/Support
Implementing Sector
State
State
New Mexico
Eligible Storage Technologies
Geothermal Electric, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Biomass, Municipal Solid Waste, Fuel Cells using Non-Renewable Fuels, Landfill Gas, Wind (Small), Anaerobic Digestion, Fuel Cells using Renewable Fuels
Website
https://www.tax.newmexico.gov/forms-publications/
Incentive Amount
Determined by New Mexico Department of Taxation and Revenue
Maximum Incentive
5% of taxpayer's qualified expenditures
Terms
5-year tax credit carryover
Administrator
New Mexico Energy, Minerals and Natural Resources Department
Applicable Sectors
Commercial, Industrial
Budget
Start Date
07/01/2006
Last Updated
07/18/2021
Funding Source

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