New Mexico Energy, Minerals and Natural Resources Department
New Mexico Solar Market Development Tax Credit is available to homeowners in Lovington, NM.
State income tax credit for residential solar photovoltaic systems installed in New Mexico. Credit equals 10% of system cost up to $6,000. Can be combined with federal solar investment tax credit (30%).
State tax credit is 10% of solar installation cost up to maximum
Official program page checked live on 2026-06-22.
Data last verified 2026-06-09. How we verify our data.
In Lovington, NM, you can combine this program with other local help to cut your cost:
A grant-savvy contractor in Lovington, 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 Lovington 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: Tax year 2025, ongoing program
Ask us. It is free, and a real person answers within a business day.
Email us about this programUp to $6,000 state tax credit.
New Mexico Solar Market Development Tax Credit is open to homeowners in Lovington, NM. It has no income limit.
Apply directly with New Mexico Energy, Minerals and Natural Resources Department using the official program link on this page or call (505) 476-3310. There is no middleman and no fee. Deadline: Tax year 2025, ongoing program.
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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