New Mexico Taxation and Revenue Department
State income tax credit for residential geothermal heat pump installations. Credit equals 30% of system cost up to $9,000 maximum. Can be combined with federal tax credits for total potential savings of 60% of system cost.
Credit is 30% of equipment and installation cost, capped at $9,000
Official source site checked live on 2026-06-17.
Data last verified 2026-06-09. How we verify our data.
A grant-savvy contractor in Alamogordo, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
You will likely need a contractor to apply
Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Alamogordo early keeps your application moving.
Get matched with a contractorEach program sets its own contractor rules. Check the official program page for exact requirements.
Documents you will likely need
Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.
Deadline: Through December 31, 2025
Ask us. It is free, and a real person answers within a business day.
Email us about this programGrant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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