New Mexico Solar Market Development Tax Credit

New Mexico Taxation and Revenue Department

Available Solar & Renewable

About This Program

New Mexico Solar Market Development Tax Credit is available to homeowners in Rio Rancho, NM.

State tax credit for solar photovoltaic systems installed on residential properties in New Mexico. Credit is 10% of system cost up to $6,000 and can be claimed over multiple tax years.

10% of installation cost up to $6,000 as state tax credit

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

Data last verified 2026-05-25. How we verify our data.

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

Key Details

  • State tax credit 10% of solar system cost
  • Maximum $6,000 credit
  • Available to all NM homeowners
  • Can be combined with federal solar tax credit
  • Claim on state tax return

How to Apply

Get free help applying Visit Official Program Page Track this program

(505) 476-3200

A grant-savvy contractor in Rio Rancho, 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 Rio Rancho 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

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

  1. Have a solar energy system installed and pass the local building code inspection.
  2. Apply for certification on the EMNRD online portal within one calendar year of installation.
  3. Submit proof of ownership, the itemized invoice, and the building code inspection report.
  4. After EMNRD issues your certificate of eligibility, file it with the New Mexico Taxation and Revenue Department to claim the credit.
Get the official form

Documents you will likely need

  • A current property tax bill or other proof you own the home where the system is installed.
  • An itemized invoice of equipment, materials, and labor costs.
  • The building code inspection report (authority, permit number, inspection date).
  • The EMNRD certificate of eligibility, filed with your New Mexico tax return.
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: Claim on state tax return after installation

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 Solar Market Development Tax Credit provide in Rio Rancho, NM?

Up to $6,000 state tax credit.

Who qualifies for New Mexico Solar Market Development Tax Credit in Rio Rancho?

New Mexico Solar Market Development Tax Credit is open to homeowners in Rio Rancho, NM. It has no income limit.

How do I apply for New Mexico Solar Market Development Tax Credit in Rio Rancho, 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.

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