Solar Market Development Tax Credit
ECMD Contact: Mark Gaiser
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 New Mexico's investor owned utilities, and cooperative utilities, presently provide. New transmission in our state would allow the export of large quantities of clean energy. Advancements in solar energy production are possible wtih 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), has ended as of December 31, 2016.
The federal government will pay 30% in a federal tax credit for your solar system through 2019 and lower amounts through 2022.
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 was available annually through 2016. Since its inception in 2006 through 2016, the STC has supported the deployment of 220 million BTUs per day of clean heating energy and 40 megawatts of clean electricity. Over the life of the STC, a significant increase in economic activity for solar, electrical, mechanical and plumbing business has occurred.
New ECMD forms July 2015 - Previous versions will continue to be accepted, but the new forms are preferred.
|Solar System Certification Application Checklist - Form 0|
|Solar System Certification Application - Form 1|
|Solar System Installation - Form 2a|
|Solar System Installation - BCA - Form 2b|
|Taxpayer and Contractor Statement of Understanding - Form 3|
|Tax Forms for Filing|
|Solar Market Development Income Tax Credit Claim Form RPD 41317|
|Solar Federal Form 5695 - Residential Energy Credits|
|Rules for Solar Tax Credit
|Solar Gross Receipts Tax Exemption|
|Property Tax Exemption for Solar Systems|
|Protect Your Solar Rights (brochure)|
|Video: Clean Renewable Solar Energy for Your Home - You Can Do It|
|Video: How to Invest In a Solar System for Your Home|
|Federal Solar Energy Incentives - Frequently Asked Questions (from Solar Energy Industries Association)|
|2016 SMDTC PV Tracker as of June 15, 2016|
|0||Number of PV Applications Still Available for TY 2016|
|$0.00||Tax Credit Remaining for PV systems for TY 2016|
|Tuesday, June 14, 2016||Last Day for PV Applications to be considered for Tax Year 2016|
|The SMDTC program for PV systems has ended because the 2016 allotment of tax credits has been reached. Applications received after today will be returned to the applicant.|
The New Mexico Solar Market Development Program for Solar Thermal systems has ended. Completed applications with all supporting paperwork including building permits were required to be received before 5:00 PM on Friday, December 30, 2016.
April 14, 2016 Press Release: Applications for Solar Tax Credit Pouring In
2014 Solar Tax Credit Data: