Renewable Energy - Geothermal
| ECMD Contact: Harold Trujillo (505) 476-3372 harold.trujillo@state.nm.us |
GEOTHERMAL ENERGY PROGRAM MISSION The Energy Conservation and Management Division (ECMD) serves as the state liaison to the U.S. Department of Energy geothermal program and coordinates the New Mexico Geothermal Energy Working Group. ECMD disseminates information on geothermal resources, development and incentives, and monitors geothermal development activities to promote environmental and economic sustainability for New Mexico and its citizens. |
New Mexico Geothermal Resources Web Map now available |
GEOTHERMAL GROUND-COUPLED HEAT PUMP TAX CREDIT |
 The New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit will pay up to 30%, with a $9,000 maximum, of yourgeothermal ground-coupled heat pump system that is operational subsequent to January 1, 2010. This incentive is available for both personal and corporate income taxes for purchase and installation costs for these systems. In addition to this state tax credit, the federal government will pay 30% in a federal tax credit (Personal) or 10% (Corporate) for your geothermal ground-coupled heat pump system. New Mexico's incentive was passed by the legislature in 2009 to help citizens invest in clean energy for their homes or businesses. |
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NEW MEXICO'S GEOTHERMAL ENERGY RESOURCE |
WHAT IS GEOTHERMAL ENERGY? Geothermal energy is heat that lies beneath the surface of the earth. It is a clean, abundant, continuously available renewable energy resource. New Mexico has vast geothermal energy resources. High temperature geothermal energy is tapped from reservoirs of hot water, steam, and hot rock. Also, the constant temperature just below the surface of the ground serves as a thermal reservoir that is accessed by conventional trenching or drilling methods.
HOW IS GEOTHERMAL ENERGY USED? Click here to read about ground source heat pumps, direct use and geothermal electricity production. WHY USE GEOTHERMAL ENERGY? Click here to read why geothermal energy is a clean, cost-effective alternative for heating, cooling and electricity generation. NEW MEXICO GEOTHERMAL ENERGY LAWS AND REGULATIONS Click here for information and links. |
ADDITIONAL INFORMATION New Mexico Communities with Geothermal Potential INEEL Map of New Mexico's Geothermal Resources Geothermal Resource Development Needs in New Mexico |
| Click here for information on the 2011 Geothermal Energy Working Group |
