3.3.14.15

CALCULATING THE STATE TAX CREDIT OR supplemental state tax credit:

1. A. A state tax credit or supplemental state tax credit to an applicant for a solar energy system the department has certified shall not exceed:

   1. (1) up to ten percent of the purchase and installation costs of a solar thermal or photovoltaic system as provided in 3.3.14.14 NMAC; and
   2. (2) six thousand dollars ($6,000) per taxpayer per taxable year.
2. B. The taxation and revenue department shall make the final determination of the amount of a state tax credit.

[3.3.14.15 NMAC – N, 7/16/2024]