New Mexico boasts world-class solar energy, ranking second in the nation after Arizona, with the potential to provide 1,000 times more energy than Public Service Company of New Mexico’s current demand. New transmission in our state would allow the export of large quantities of clean energy. Advancements in solar energy production are possible thanks to strong state leadership willing to focus on solutions that provide real world incentives for citizens, businesses and schools.

The New Mexico Solar Market Development Tax Credit, or Solar Tax Credit (STC), will pay up to 10% (up to $9,000) of your solar photovoltaic (PV) or solar thermal system that is operational subsequent to January 1, 2009. In addition to the STC, the federal government will pay 30% in a federal tax credit for your solar system. The STC was established in 2006 to help you invest in clean energy for your home or business.

Click on Frequently Asked Questions for information on how to apply for the tax credit.

New Mexico's STC benefits homeowners, businesses and agricultural entities that install PV or solar heating systems. Up to $5 million in state government tax credit support is available annually through 2016. Since its inception in 2006, more than $13.8 million has been invested in solar installations. Of that, $2.8 million in state solar credits was used to leverage $1.2 million in federal tax credits. 372 solar PV systems producing 986 kilowatts and 268 solar heating systems generating 20.5 million British Thermal Units (BTUs) per day have been installed.

In order to reduce the amount of paper for each application, please only provide the information that is indicated on the Checklist. The Checklist is included in the Solar System Certification Application.