New Mexico Solar Market Development Tax Credit

New Mexico Taxation and Revenue Department

Available Solar & Renewable

About This Program

State tax credit for solar photovoltaic systems installed on residential properties in New Mexico. Credit is 10% of system cost up to $6,000 and can be claimed over multiple tax years.

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

Key Details

  • State tax credit 10% of solar system cost
  • Maximum $6,000 credit
  • Available to all NM homeowners
  • Can be combined with federal solar tax credit
  • Claim on state tax return

How to Apply

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

Deadline: Claim on state tax return after installation

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 Rio Rancho, NM

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