New Mexico Solar Market Development Tax Credit

New Mexico Taxation and Revenue Department

Available Solar & Renewable

About This Program

New Mexico state tax credit equal to 10% of solar installation cost, up to $6,000. Stacks with federal 30% ITC. System must be installed on your New Mexico residence and interconnected with utility. Credit can be carried forward 5 years.

10% of installation cost up to $6,000 maximum state credit

Key Details

  • 10% state tax credit for solar installation
  • Maximum credit: $6,000
  • Stacks with 30% federal tax credit
  • Credit can be carried forward 5 years
  • Available through December 31, 2027

How to Apply

A grant-savvy contractor in Farmington, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Available through 2027

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Farmington, NM

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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