New Mexico Solar Incentives

New Mexico Solar Incentives, Tax Credits, and Rebates

There are several incentives in New Mexico that make investing in solar and renewable energy cost-effective.

New Mexico Incentive Database

Name	State	Category	Type
Schools with Sol	NM	Financial Incentive	Grant Program
Fuel Mix and Emissions Disclosure	NM	Regulatory Policy	Generation Disclosure
System Benefits Charge	NM	Regulatory Policy	Public Benefits Fund
Net Metering	NM	Regulatory Policy	Net Metering
New Mexico Solar Easements & Rights Laws	NM	Regulatory Policy	Solar/Wind Access Policy
Clean Energy Revenue Bond Program	NM	Financial Incentive	Bond Program
PV Leasing Program	NM	Financial Incentive	Leasing Program
Renewable Portfolio Standard	NM	Regulatory Policy	Renewables Portfolio Standard
Renewable Energy Production Tax Credit (Corporate)	NM	Financial Incentive	Corporate Tax Credit
Interconnection Standards	NM	Regulatory Policy	Interconnection
Mandatory Utility Green Power Option	NM	Regulatory Policy	Mandatory Utility Green Power Option
Clean Energy Grants Program	NM	Financial Incentive	Grant Program
PNM - Performance-Based Solar Program	NM	Financial Incentive	Performance-Based Incentive
Solar Market Development Tax Credit	NM	Financial Incentive	Personal Tax Credit
Efficient Use of Energy Act	NM	Regulatory Policy	Public Benefits Fund
PNM - Residential Energy Efficiency Rebate Program	NM	Financial Incentive	Rebate Program
Energy Efficiency Standards for State Buildings	NM	Regulatory Policy	Energy Standards for Public Buildings
Kit Carson Electric Cooperative - ETS System Rebate Program	NM	Financial Incentive	Rebate Program
Construction Standards to Accomodate Solar Collectors	NM	Regulatory Policy	Building Energy Code
2015 Sustainable Building Tax Credit (Personal)	NM	Financial Incentive	Personal Tax Credit
2015 Sustainable Building Tax Credit (Corporate)	NM	Financial Incentive	Corporate Tax Credit
Renewable Energy Production Tax Credit (Personal)	NM	Financial Incentive	Personal Tax Credit
Solar Energy Gross Receipts Tax Deduction	NM	Financial Incentive	Sales Tax Incentive
Alternative Energy Product Manufacturers Tax Credit	NM	Financial Incentive	Industry Recruitment/Support
Advanced Energy Tax Credit (Corporate)	NM	Financial Incentive	Corporate Tax Credit
Central New Mexico Electric Cooperative - Residential Energy Efficiency Rebate Program	NM	Financial Incentive	Rebate Program
Interconnection Standards	NM	Regulatory Policy	Interconnection
Farmington Electric Utility System - Net Metering	NM	Regulatory Policy	Net Metering
Xcel Energy - Solar*Rewards Program	NM	Financial Incentive	Performance-Based Incentive
El Paso Electric Company - Small and Medium System Renewable Energy Certificate Purchase Program	NM	Financial Incentive	Performance-Based Incentive
Advanced Energy Tax Credit (Personal)	NM	Financial Incentive	Personal Tax Credit
Local Option - Renewable Energy Financing District/Solar Energy Improvement Special Assessments	NM	Financial Incentive	PACE Financing
PNM - Commercial Energy Efficiency Rebate Program	NM	Financial Incentive	Rebate Program
El Paso Electric Company - Commercial Efficiency Program	NM	Financial Incentive	Rebate Program
El Paso Electric Company - Residential Efficiency Program	NM	Financial Incentive	Rebate Program
El Paso Electric Company - EPESaver High Efficiency Cooling Program	NM	Financial Incentive	Rebate Program
Geothermal Heat Pump Tax Credit (Personal)	NM	Financial Incentive	Personal Tax Credit
Geothermal Heat Pump Tax Credit (Corporate)	NM	Financial Incentive	Corporate Tax Credit
Gross Receipts Tax Exemption for Sales of Wind and Solar Systems to Government Entities	NM	Financial Incentive	Sales Tax Incentive
City of Albuquerque - Green Power Purchasing	NM	Regulatory Policy	Green Power Purchasing
Property Tax Exemption for Residential Solar Systems	NM	Financial Incentive	Property Tax Incentive
Energy Efficiency Resource Standard	NM	Regulatory Policy	Energy Efficiency Resource Standard
Agricultural Biomass Income Tax Credit (Corporate)	NM	Financial Incentive	Corporate Tax Credit
Agricultural Biomass Income Tax Credit (Personal)	NM	Financial Incentive	Personal Tax Credit
New Mexico Gas Company - Residential Efficiency Programs	NM	Financial Incentive	Rebate Program
Xcel Energy (Electric) - Commercial Energy Efficiency Rebate Program	NM	Financial Incentive	Rebate Program
Solar/Wind Construction Permitting Standards	NM	Regulatory Policy	Solar/Wind Permitting Standards
City of Albuquerque - Solar Easements and Rights Laws	NM	Regulatory Policy	Solar/Wind Access Policy
Albuquerque City - Green Path Program	NM	Regulatory Policy	Building Energy Code
PNM EV Charger Rebate Program	NM	Financial Incentive	Rebate Program
2021 Sustainable Building Tax Credit (Corporate)	NM	Financial Incentive	Corporate Tax Credit
2021 Sustainable Building Tax Credit (Personal)	NM	Financial Incentive	Personal Tax Credit
New Solar Market Development Tax Credit	NM	Financial Incentive	Personal Tax Credit
Tax-Exempt Financing for Green Buildings, Renewable Energy & Brownfield Redevelopment	US	Financial Incentive	Loan Program
Conservation Security Program (CSP) Production Incentive	US	Financial Incentive	Performance-Based Incentive
Business Energy Investment Tax Credit (ITC)	US	Financial Incentive	Corporate Tax Credit
Federal Excise Tax Exemption for Gasohol	US	Financial Incentive	Corporate Tax Exemption
Modified Accelerated Cost-Recovery System (MACRS)	US	Financial Incentive	Corporate Depreciation
Energy Star Financing and Mortgages	US	Financial Incentive	Loan Program
USDA Rural Housing Service Loans	US	Financial Incentive	Loan Program
Residential Energy Conservation Subsidy Exclusion (Corporate)	US	Financial Incentive	Corporate Tax Exemption
Renewable Energy Production Incentive (REPI)	US	Financial Incentive	Performance-Based Incentive
Renewable Electricity Production Tax Credit (PTC)	US	Financial Incentive	Corporate Tax Credit
Small Business Administration Loan Programs	US	Financial Incentive	Loan Program
Energy-Efficient Mortgages	US	Financial Incentive	Loan Program
USDA - Rural Energy for America Program (REAP) Grants	US	Financial Incentive	Grant Program
Office of Indian Energy Policy and Programs - Funding Opportunities	US	Financial Incentive	Grant Program
Green Power Purchasing Goal for Federal Government	US	Regulatory Policy	Green Power Purchasing
Energy-Efficient Commercial Buildings Tax Deduction	US	Financial Incentive	Corporate Tax Deduction
Energy-Efficient New Homes Tax Credit for Home Builders	US	Financial Incentive	Corporate Tax Credit
Energy-Efficient Appliance Manufacturing Tax Credit	US	Financial Incentive	Industry Recruitment/Support
Residential Energy Efficiency Tax Credit	US	Financial Incentive	Personal Tax Credit
Veterans Housing Guaranteed and Insured Loans	US	Financial Incentive	Loan Program
Federal Appliance Standards	US	Regulatory Policy	Appliance/Equipment Efficiency Standards
Energy Goals and Standards for Federal Agencies	US	Regulatory Policy	Energy Standards for Public Buildings
Clean Renewable Energy Bonds (CREBs)	US	Financial Incentive	Loan Program
Qualified Energy Conservation Bonds (QECBs)	US	Financial Incentive	Loan Program
U.S. Department of Treasury - Renewable Energy Grants	US	Financial Incentive	Grant Program
USDA - High Energy Cost Grant Program	US	Financial Incentive	Grant Program
USDA - Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program	US	Financial Incentive	Loan Program
USDA - Repowering Assistance Biorefinery Program	US	Financial Incentive	Grant Program
Title I Property Improvement Loans	US	Financial Incentive	Loan Program
USDA - Rural Energy for America Program (REAP) Energy Audit and Renewable Energy Development Assistance (EA/REDA) Program	US	Financial Incentive	Grant Program
Low Income Home Energy Assistance Program (LIHEAP)	US	Financial Incentive	Grant Program
Weatherization Assistance Program (WAP)	US	Financial Incentive	Grant Program
Fannie Mae Green Financing – Loan Program	US	Financial Incentive	Loan Program
Qualified Commercial Clean Vehicle Tax Credit	US	Financial Incentive	Corporate Tax Credit
Alternative Fuel Vehicle Refueling Property Tax Credit (Corporate)	US	Financial Incentive	Corporate Tax Credit
Alternative Fuel Vehicle Refueling Property Tax Credit (Personal)	US	Financial Incentive	Personal Tax Credit
Previously-Owned Clean Vehicle Tax Credit	US	Financial Incentive	Personal Tax Credit

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This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.