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

   (1) 10 percent of the net solar energy system cost as provided in 3.3.28.16 NMAC; and

   (2) $9000.

2. B. The total sum of the state tax credit and the federal tax credit shall not exceed 10 percent of the net solar energy system cost.
3. C. The taxation and revenue department shall make the final determination of the amount of a state tax credit.

[3.3.28.17 NMAC - N, 7-1-06; A, 1-31-08; A, 7-16-09]