← All states
Advanced Energy Equipment Income Tax Credit
New Mexico — state program20% of qualified equipment costs (up to 25 million dollars per project)
New Mexico's Advanced Energy Equipment Tax Credit offsets a percentage of qualified equipment costs for facilities that manufacture components eligible under the federal Section 45X advanced manufacturing credit, including solar, wind, battery, and critical mineral components.
Program details
- Type
- tax-credit
- Amount
- 20% of qualified equipment costs (up to 25 million dollars per project)
- Eligibility
- Facilities that manufacture components eligible under the federal Section 45X advanced manufacturing credit (e.g., solar, wind, battery, and critical mineral components)
- Status
- open
- Administrator
- New Mexico Energy Conservation and Management Division (ECAM)
Source: New Mexico — state program. Confirm current terms with the administering agency before applying.