Energy Rebates and Tax Credits in Grant County, NM
New Mexico
Tax credits for solar thermal electric, solar panels, landfill gas, wind systems, biomass and anaerobic digestion.
New Mexico
Income tax credit for solar panels and solar thermal systems for up to $9,000.
New Mexico
Tax credits for solar space/water heaters, solar panels, wind systems and daylighting.
New Mexico
Tax credit up to $9000 for installing a geothermal heat pump.
New Mexico
Property tax exemption for solar energy systems.
New Mexico
Gross tax deductions for solar energy installations.
New Mexico Gas Company
Rebates up to $1,250 for water heaters, insulation and furnaces. Another $6,500 worth of weatherization improvements for income-qualifying customers through the Energy$mart program.
PNM
Rebates for solar panel systems between $0.09-$0.12/kWh in the form of purchased REC credits.
US Government
Rebates and incentives from utilities for efficiency are not taxable.
US Government
Federal tax credit of 30% of cost for solar panels, wind energy, solar water heaters, geothermal heat pumps and fuel cells.
US Government
Federal tax credit of 10% up to $500 of cost for energy efficiency upgrades like heat pumps, furnaces, air conditioners, insulation, water heaters, windows, doors and roofs.
US Government
Loans from FHA, VA and other lenders for energy efficiency upgrades and renewable energy upgrades like solar panels and passive solar space heaters.
US Government
Grants for energy generation, transmission and distribution facitlities in rural communities.
