New Mexico Taxation and Revenue Department
New Mexico Solar Market Development Tax Credit is available to homeowners in Las Vegas, NM.
State tax credit worth 10% of the solar system installation cost, up to $6,000 for residential systems. Combines with federal solar Investment Tax Credit. Available to all New Mexico homeowners installing photovoltaic solar panels.
Tax credit equals 10% of system cost, up to $6,000 maximum
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:
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 contractorEach program sets its own contractor rules. Check the official program page for exact requirements.
New Mexico's New Solar Market Development Tax Credit is a state income tax credit for up to 10 percent of the cost of a solar energy system on a home you own, capped at 6,000 dollars. You must first apply to the Energy, Minerals and Natural Resources Department (EMNRD) for certification through its online portal, within one year of installation, then claim the certified credit on your New Mexico return.
Steps to apply
Documents you will likely need
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, 2027
Ask us. It is free, and a real person answers within a business day.
Email us about this program10% tax credit up to $6,000.
New Mexico Solar Market Development Tax Credit is open to homeowners in Las Vegas, NM. It has no income limit.
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, 2027.
Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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