ECAM : New Solar Market Development Tax Credit : Solar Panels
Rebate Overview
Overview
The New Solar Market Development Tax Credit is a tax credit that helps New Mexico taxpayers save on solar energy systems. You can receive a refundable tax credit for 10 percent of the cost of a solar photovoltaic or solar thermal system, up to six thousand dollars. This means you could save between zero and six thousand dollars on your solar installation.Benefits
Upgrading to solar energy can make your home more comfortable and increase its value. It also helps the environment by reducing pollution from traditional energy sources. By choosing solar, you contribute to a cleaner, healthier planet for everyone.More Information
To qualify for this tax credit, you must be a New Mexico taxpayer and install a solar photovoltaic or solar thermal system. This incentive is designed to support homeowners looking to invest in renewable energy solutions. 10/01/2023Details
- Expiration date: December 31, 2031
- Incentive type: Tax Credit
- Maximum Amount: $ 6,000.00
- Maximum Percent: 10.0%
- Link: More details
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