New Mexico Solar Market Development Tax Credit
NM Taxation and Revenue Department
About This Program
The Grant Map catalogs New Mexico Solar Market Development Tax Credit in its Albuquerque, NM research directory. The record carries audience tags for homeowners; those tags do not establish eligibility or current service coverage.
New Mexico provides a 10% state income tax credit (up to $9,000 per taxpayer per year) on the purchase and installation of solar photovoltaic or solar thermal systems for residential properties. Combined with the 30% federal Investment Tax Credit (ITC), homeowners can offset up to 40% of solar installation costs. Credits may carry forward if not fully used in the current year.
10% NM credit up to $9,000 + 30% federal ITC. Combined potential offset of 40% on a $30,000 system. NM credit non-refundable; requires NM tax liability.
The cited general URL responded on 2026-07-21; it does not confirm this program or amount.
Record set last reviewed 2026-04-03. How we verify our data.
Other published resources for Albuquerque, NM, are listed below. Review each separately and ask the administrators whether they can coordinate funding for the same work:
- City of Albuquerque CDBG Housing Rehabilitation Up to $50,000
- Bernalillo County Housing Rehabilitation Program Up to $40,000
- NM Energy$mart Weatherization Assistance Program Up to ~$10,000 in weatherization measures
- New Mexico HEAR Home Electrification & Appliance Rebate Up to $14,000
Key Details
- 10% NM state tax credit on solar PV or solar thermal installation
- Maximum $9,000 credit per taxpayer per year
- Combine with 30% federal Investment Tax Credit for up to 40% savings
- Non-refundable; unused credit may carry forward
- File with NM state income tax return
How to Apply
Some programs require contractor estimates, licenses, or inspections. A cited link may be general, so confirm the current rules with the administrator before hiring; a directory match does not guarantee contractor eligibility or funding.
You may need a contractor or estimate
Some programs for this project type ask for a license, inspection, or written estimate. Confirm the rule before contacting a contractor in Albuquerque.
Get matched with a contractorEach administrator sets its contractor rules. Confirm exact requirements directly; the cited URL may be a general agency page.
Your application paperwork
New Mexico's New Solar Market Development Tax Credit is a state income tax credit for up to 10 percent of the cost of a solar energy system on a home you own, capped at 6,000 dollars. You must first apply to the Energy, Minerals and Natural Resources Department (EMNRD) for certification through its online portal, within one year of installation, then claim the certified credit on your New Mexico return.
Steps to apply
- Have a solar energy system installed and pass the local building code inspection.
- Apply for certification on the EMNRD online portal within one calendar year of installation.
- Submit proof of ownership, the itemized invoice, and the building code inspection report.
- After EMNRD issues your certificate of eligibility, file it with the New Mexico Taxation and Revenue Department to claim the credit.
Documents you will likely need
- A current property tax bill or other proof you own the home where the system is installed.
- An itemized invoice of equipment, materials, and labor costs.
- The building code inspection report (authority, permit number, inspection date).
- The EMNRD certificate of eligibility, filed with your New Mexico tax return.
Requirements vary by program and locality. Confirm the exact rules and application route with the administrator. We can help you prepare your paperwork, but you submit it yourself.
Deadline: Annual, file with NM state income tax return
Questions about this program?
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Frequently asked questions
What amount is listed for New Mexico Solar Market Development Tax Credit in Albuquerque, NM?
The Grant Map record states: Up to $9,000 (10% of eligible costs, $9,000 max per taxpayer per year). Confirm the current amount and eligible costs with the administrator.
What audience tags are recorded for New Mexico Solar Market Development Tax Credit in Albuquerque?
The directory record carries audience tags for homeowners. It also carries a no-income-limit tag. These tags do not establish eligibility; confirm the complete current rules with the administrator.
How do I apply for New Mexico Solar Market Development Tax Credit in Albuquerque, NM?
Confirm the application route directly with NM Taxation and Revenue Department; use the cited source on this page as a starting point. Confirm any fee or cost with the administrator.
Need a Contractor for This Project?
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More ways to save on this project
Rebates and discounts that may reduce project cost. Confirm eligibility and coordination rules before including one in your budget.
Find More Programs in Albuquerque, NM
This is one of several kinds of assistance that may be available. Review other programs separately and confirm whether their administrators allow coordination for the same work.
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