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New Mexico Renewable Energy Production Tax Credit

New Mexico Energy, Minerals and Natural Resources Department (EMNRD)NM-REPT
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

New Mexico

About This Program

Provides New Mexico income or gross receipts tax credits for electricity generated by qualified renewable energy facilities including solar, wind, and biomass generators in New Mexico.

Key Requirements & Eligibility

  • 1Facility must be a qualified generator using solar, wind, biomass, or geothermal
  • 2Credit: $0.01/kWh for 10-year period from plant commissioning date
  • 3Minimum capacity: 1 MW for commercial generators; 100 kW for smaller projects
  • 4Must be located in New Mexico and connected to a New Mexico utility or grid
  • 5Credit may be sold or transferred to another taxpayer in New Mexico

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

Clean TechnologyEnergy ManagementAgriculture
Official Source