New Mexico Taxation and Revenue Department
State tax credit worth 30% of the cost of purchasing and installing a geothermal ground-coupled heat pump system for space heating or cooling, up to $9,000. Stacks with federal geothermal tax credit for total savings of 60%.
Tax credit equals 30% of geothermal system installation cost, max $9,000
Data last verified 2026-06-09. How we verify our data.
A grant-savvy contractor in Las Vegas, 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 Las Vegas early keeps your application moving.
Get matched with a contractorEach program sets its own contractor rules. Check the official program page for exact requirements.
Deadline: Through December 31, 2024; expected to be renewed
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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