Renewable Energy - Solar


ECMD Contact: Mark Gaiser

(505) 476-3318


New Mexico's Solar Tax Credit

Solar Market Development Tax Credit (SMDTC)

Frequently Asked Questions

Solar Gross Receipts Tax Exemption - Guidance
          RPD-41341 - Solar Energy Systems Tax Deduction Form

2016 Solar Tax Credit Data

2016 SMDTC Tracker as of May 13, 2016
802 Applications Received
40 Applications incomplete
212 Applications Approved for TY 2016
$2,753.04 Average Tax Credit Approved
323 Projected # of Applications Still Available for TY 2016
$888,416.21 Projected Tax Credit Remaining for TY 2016
Friday, July 8, 2016 Projected Last Day to Submit and Qualify for Tax Year 2016 PV Applications
The SMDTC program for PV systems will end when the 2016 allotment of tax credits is issued. Applications received after the allotment is reached will be returned to the applicant.


2014 Solar Tax Credit Data

Economics of Residential Solar in NM - February 4, 2015 Presentation Slides

Investment by County - 2014 2013 2012 2011 2010 2009

NM Residential Solar Installed Capacity - 2009 through 2014

New Mexico Solar Market Development Tax Credit Statistics - 2009 to 2014
NM State Solar Tax Credit Data
Totals for tax year 2008 through 2015*
Dollars Invested in Residential PV Systems $191,176,785
PV DC MW Capacity Installed 40.32 MW
State Tax Credit Issued $18,390,999
Labor Dollars Spent $35,646,448
* data from 2015 is 99.9% complete at this date 03/16/16

Residential solar power is better than breakeven in New Mexico - Scenario Viewer

Check your local electricity rates here

The Open PV Project - real-time status of the solar photovoltaic market

State Purchasing Agreement for PV Systems:
The State of New Mexico has developed a statewide price agreement for PV systems. It is a multi-vendor award available to any governmental agency in New Mexico.

Resource to Help Local Governments Expand Use of Solar Energy
Solar Powering Your Community: A Guide for Local Governments, provides local governments with proven best practices enabling them to drive economic development, support clean energy jobs, and reduce carbon emissions by building a robust local solar market.

IREC 2009 Model Interconnection Procedures and Net Metering Rules Incorporating Best Practices

The Interstate Renewable Energy Council (IREC) released the 2009 updates for its rules and procedures for interconnecting and net metering distributed generation. IREC first developed its model net metering rules in 2003 and developed its model interconnection procedures in 2005.


Additional Information

Federal Tax Credits for Consumer Energy Efficiency

NM Solar Statutes

Types of Solar Systems

Concentrating Solar Power information

Shared Solar: Current Landscape and Market Potential

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