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IRA Sections 45 PTC and 48E ITC
New Mexico — state programSee program
Federal Section 45 production tax credit and new technology-neutral Section 48E investment tax credit provide long-term incentives for clean electricity. Additional bonuses are available for projects meeting domestic content requirements and sited in designated energy communities. Practical use is described as tenuous until full phase-out on July 4th, 2026.
Program details
- Type
- tax-credit
- Eligibility
- Clean electricity projects; additional bonuses for projects meeting domestic content requirements and sited in designated energy communities; local NM governments, tribes, co-ops, and nonprofits may use direct pay option
- Status
- open
Source: New Mexico — state program. Confirm current terms with the administering agency before applying.