1. A. The department will not accept paper applications or applications submitted by e-mail unless specifically authorized by the division.
2. B. To be considered complete, an application must include the state tax credit application form and all required attachments; partial applications will not be accepted.
3. C. If there are multiple owners of the property on which the geothermal ground-coupled heat pump system is installed that wish to apply for the credit, they must submit a joint application.
4. D. The application package must meet the requirements of 3.3.32 NMAC. If an application package fails to meet any requirement, the department may disapprove the application.

5. E. A complete application form shall include the following information:

   1. (1) The applicant’s name, mailing address, e-mail address, telephone number and the applicant’s social security number.
   2. (2) The address where the geothermal ground-coupled heat pump system is located.
   3. (3) The geothermal ground-coupled heat pump system’s type.
   4. (4) The date the geothermal ground-coupled heat pump system received a passing inspection from the local building authority.
   5. (5) The accredited installer’s name, address, email address, telephone number, license category.
   6. (6) Manufacturer’s heat pump model, specifications, and efficiency ratings, including proof that the system has a minimum coefficient of performance of 3.4 or an energy efficiency ratio of 16 or greater.

6. (7) A statement the applicant signed and dated, which may be a form of electronic signature if approved by the department, agreeing:

   1. (a) That all information provided in the application package is true and correct to the best of the applicant’s knowledge.
   2. (b) Applicant has read the certification requirements contained in 3.3.32 NMAC.
   3. (c) Applicant acknowledges that there are annual aggregate tax credit limits in place for geothermal ground-coupled heat pump systems.
   4. (d) Applicant acknowledges that they have not claimed a 2021 Sustainable Building Tax Credit for using this same geothermal ground-coupled heat pump system as a component of qualification, or for the rating system certification level achieved.
   5. (e) Each geothermal ground-coupled heat pump income tax credit shall not exceed nine thousand dollars ($9,000), per taxpayer, per taxable year.
   6. (f) Applicant agrees to make changes the department requires to the geothermal ground-coupled heat pump application package for compliance with 3.3.32 NMAC.
   7. (g) For the purposes of monitoring compliance with 3.3.32 NMAC, applicant agrees to allow the department or its authorized representative to inspect the geothermal ground-coupled heat pump system owned by the applicant that is submitted for certification, upon the department providing at least five days’ notice to the applicant.
   8. (h) Applicant understands that the department must certify the geothermal ground-coupled heat pump system documents in the application package before the applicant becomes eligible for a state tax credit.
   9. (i) If, after the department has issued a certification, any of these requirements are found to be insufficient, the department may rescind the certification.

[3.3.32.10 NMAC - Rp 3.3.32.10 NMAC, 11/18/2025]