← All states
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 30% of the purchase and installation costs of a geothermal ground-coupled heat pump system, up to $9,000. Applicants must obtain a certificate of eligibility from the Energy, Minerals, and Natural Resources Department and include it when filing state taxes.
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. Must be 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 (EMNRD) / New Mexico Taxation and Revenue Department
Source: New Mexico — state program. Confirm current terms with the administering agency before applying.