Take advantage of the current tax incentives that are available to you!
State of New Mexico Tax Incentives New Mexico residents, you are eligible for a 10% tax rebate. The New Mexico Solar Market Development Tax Credit, or Solar Tax Credit (STC), will pay up to 10% (up to $9,000) of your solar photovoltaic (PV) or solar thermal system. In addition to the STC, the federal government will pay 30% in a federal tax credit for your solar system. The STC was established in 2006 to help you invest in clean energy for your home or business. Federal Tax Incentives The Federal Rebate Program can also offer you a 30% tax credit. As of January 1, 2009, the purchase of a residential solar electric system will make you eligible for a tax credit equal to 30% of the cost of your solar system, including installation. Also, there is NO SALES TAX on a solar electric system, or renewable energy equipment! Helpful Links: New Mexico Energy, Minerals and Natural Resources Department: Clean Energy Tax Incentives US Department of Energy - Tax Breaks Residential Renewable Energy Tax Credits DSIRE: Incentives for all States DSIRE is a comprehensive source of information on all states, local, utility, and federal incentives that promote renewable energy and energy efficiency. |
