New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit
New Mexico Taxation and Revenue Department
About This Program
The Grant Map catalogs New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit in its Las Vegas, NM research directory. The record carries audience tags for homeowners; those tags do not establish eligibility or current service coverage.
State tax credit worth 30% of the cost of purchasing and installing a geothermal ground-coupled heat pump system for space heating or cooling, up to $9,000. Stacks with federal geothermal tax credit for total savings of 60%.
Tax credit equals 30% of geothermal system installation cost, max $9,000
Each program administrator alone decides its combination rules. The Grant Map has not verified those rules.
The cited program-specific URL responded on 2026-09-18; confirm current terms.
Record set last reviewed 2026-06-09. How we verify our data.
Other published resources for Las Vegas, NM, are listed below. Review each separately and ask the administrators whether they can coordinate funding for the same work:
- FEMA Hazard Mitigation Grant Program (HMGP) Varies, no individual cap; projects typically $10K-$200K+
- FEMA Increased Cost of Compliance (ICC) Coverage Up to $30,000
- HUD Lead Hazard Control & Healthy Homes Varies by jurisdiction, typically $5,000-$15,000 per unit
- EPA / WIIN Act Lead Service Line Replacement Local lead-service-line replacement assistance varies; contact your water utility
Key Details
- 30% state tax credit for geothermal heat pump installation
- Maximum credit of $9,000
- Combines with 30% federal geothermal credit
- Total savings up to 60% of system cost
- No income restrictions
How to Apply
Confirm the current application route with the administrator. Verified official forms and steps appear below when available.
Prepare your application
Review the likely documents and download a blank preparation checklist. The blank PDF does not include saved personal details.
Documents you will likely need
- Your federal tax return for the year of the work (this benefit is claimed on your taxes, not through a separate application).
- Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
- A government-issued photo ID for every owner on title.
- A written estimate from a licensed contractor for the work (many programs require this to apply).
- A recent utility bill for the home (energy and weatherization programs use it to confirm service and usage).
- The program's own application form, completed (use the official link or phone number on this page).
Already sent us your project details? Sign in to download a preparation sheet with those details. For supported VA programs, you can also get a partially completed official form.
Open my application toolsRequirements 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.
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 Las Vegas.
Get matched with a contractorEach administrator sets its contractor rules. Confirm exact requirements directly; the cited URL may be a general agency page.
Deadline: Through December 31, 2024; expected to be renewed
Questions about this program?
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Frequently asked questions
What amount is listed for New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit in Las Vegas, NM?
The Grant Map record states: 30% tax credit up to $9,000. Confirm the current amount and eligible costs with the administrator.
What audience tags are recorded for New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit in Las Vegas?
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 Geothermal Ground-Coupled Heat Pump Tax Credit in Las Vegas, NM?
Confirm the application route directly with New Mexico Taxation and Revenue Department; use the cited source on this page as a starting point or call (505) 476-3200. Confirm any fee or cost with the administrator. Deadline: Through December 31, 2024; expected to be renewed.
Need a Contractor for This Project?
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Find More Programs in Las Vegas, 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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