New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit

New Mexico Taxation and Revenue Department

Available Energy Assistance

About This Program

New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit is available to homeowners in Las Vegas, NM.

State tax credit worth 30% of the cost of purchasing and installing a geothermal ground-coupled heat pump system for space heating or cooling, up to $9,000. Stacks with federal geothermal tax credit for total savings of 60%.

Tax credit equals 30% of geothermal system installation cost, max $9,000

Official program page checked live on 2026-06-22.

Data last verified 2026-06-09. How we verify our data.

In Las Vegas, NM, you can combine this program with other local help to cut your cost:

Key Details

  • 30% state tax credit for geothermal heat pump installation
  • Maximum credit of $9,000
  • Combines with 30% federal geothermal credit
  • Total savings up to 60% of system cost
  • No income restrictions

How to Apply

Get free help applying Visit Official Program Page Track this program

(505) 476-3200

A grant-savvy contractor in Las Vegas, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Las Vegas early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

Documents you will likely need

  • Your federal tax return for the year of the work (this benefit is claimed on your taxes, not through a separate application).
  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • A recent utility bill for the home (energy and weatherization programs use it to confirm service and usage).
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Through December 31, 2024; expected to be renewed

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

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Frequently asked questions

How much can New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit provide in Las Vegas, NM?

30% tax credit up to $9,000.

Who qualifies for New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit in Las Vegas?

New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit is open to homeowners in Las Vegas, NM. It has no income limit.

How do I apply for New Mexico Geothermal Ground-Coupled Heat Pump Tax Credit in Las Vegas, NM?

Apply directly with New Mexico Taxation and Revenue Department using the official program link on this page or call (505) 476-3200. There is no middleman and no fee. Deadline: Through December 31, 2024; expected to be renewed.

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Find More Programs in Las Vegas, NM

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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