$9,000 to Be Energy Efficient in New Mexico
The New Mexico Solar Market Development Tax Credit offers a 30% personal income tax credit (up to $9,000) for residents and businesses (non-corporate), including agricultural enterprises, who purchase and install certified photovoltaic (PV) and solar thermal systems. Eligible systems include grid-tied commercial PV systems, off-grid and grid-tied residential PV systems, and (active) solar hot water or hot air systems. To be eligible, systems must first be certified by the New Mexico Energy, Minerals, and Natural Resources Department. Note that solar pool or hot tub heaters are not eligible for this tax credit. For more details: New Mexico Energy, Minerals and Natural Resources Department, Energy Conservation and Management Division, 1220 S. St. Francis Drive, Santa Fe, NM 87505; 505-476-3318; Fax: 505-476-3322; http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/solartaxcredit.htm
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