Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
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.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Facility must be a qualified generator using solar, wind, biomass, or geothermal
2.Credit: $0.01/kWh for 10-year period from plant commissioning date
3.Minimum capacity: 1 MW for commercial generators; 100 kW for smaller projects
4.Must be located in New Mexico and connected to a New Mexico utility or grid
5.Credit may be sold or transferred to another taxpayer in New Mexico
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
ACA · Arizona
Provides Arizona corporate income tax credits for qualified renewable energy operations manufacturing solar, wind, geothermal, or fuel cell equipment in Arizona, creating qualifying jobs.