New Mexico Solar Market Development Tax Credit

New Mexico Energy, Minerals and Natural Resources Department

Available Solar & Renewable

About This Program

State tax credit equal to 10% of solar photovoltaic system purchase and installation cost, capped at $6,000. Available for residential solar systems. Credit can be combined with federal Investment Tax Credit (ITC) for maximum savings.

Credit is 10% of total system cost up to $6,000 maximum

Official program page checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

Key Details

  • 10% state tax credit for solar installations
  • Maximum credit of $6,000
  • Stacks with federal 30% tax credit
  • Available through 2027
  • Must use certified installer

How to Apply

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 contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

New Mexico's New Solar Market Development Tax Credit is a state income tax credit for up to 10 percent of the cost of a solar energy system on a home you own, capped at 6,000 dollars. You must first apply to the Energy, Minerals and Natural Resources Department (EMNRD) for certification through its online portal, within one year of installation, then claim the certified credit on your New Mexico return.

Steps to apply

  1. Have a solar energy system installed and pass the local building code inspection.
  2. Apply for certification on the EMNRD online portal within one calendar year of installation.
  3. Submit proof of ownership, the itemized invoice, and the building code inspection report.
  4. After EMNRD issues your certificate of eligibility, file it with the New Mexico Taxation and Revenue Department to claim the credit.

Documents you will likely need

  • A current property tax bill or other proof you own the home where the system is installed.
  • An itemized invoice of equipment, materials, and labor costs.
  • The building code inspection report (authority, permit number, inspection date).
  • The EMNRD certificate of eligibility, filed with your New Mexico tax return.

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 2027, subject to annual caps

Questions about this program?

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