← All states
New Mexico Solar Market Development Tax Credit (SMDTC)
New Mexico — state program10% of eligible solar costs
New Mexico state tax credit covering 10% of eligible solar costs for commercial and agricultural on-site solar systems. Can be combined with the federal Section 48/48E investment tax credit and utility net-metering or solar export programs.
Program details
- Type
- tax-credit
- Amount
- 10% of eligible solar costs
- Eligibility
- Commercial and agricultural systems installing on-site solar
- Status
- open
- Administrator
- Energy Conservation and Management Division (EMNRD)
Source: New Mexico — state program. Confirm current terms with the administering agency before applying.