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Geothermal Ground-Coupled Heat Pump Tax Credit
New Mexico — state program30% of the purchase and installation costs, up to $9,000
Provides a New Mexico state tax credit for the purchase and installation of a geothermal ground-coupled heat pump system. The system must be fully operational and installed by a certified professional recognized by IGSHPA or a similar authority.
Program details
- Type
- tax-credit
- Amount
- 30% of the purchase and installation costs, up to $9,000
- Eligibility
- Fully operational geothermal ground-coupled heat pump systems with Coefficient of Performance (COP) ≥3.4 or Energy Efficiency Ratio (EER) ≥16. Installed by a certified professional recognized by the International Ground Source Heat Pump Association (IGSHPA) or a similar authority.
- Status
- open
- Administrator
- Energy, Minerals, and Natural Resources Department / New Mexico Taxation and Revenue Department
Source: New Mexico — state program. Confirm current terms with the administering agency before applying.