Implementing Sector |
State |
Category |
Financial Incentive |
State |
New Mexico |
Incentive Type |
Corporate Tax Credit |
Web Site |
https://www.emnrd.nm.gov/ecmd/tax-incentives/sustainable-building-tax-credit-sbtc/ |
Administrator |
New Mexico Taxation & Revenue Department |
Start Date |
01/01/2022 |
Expiration Date |
01/01/2028 |
Eligible Renewable/Other Technologies |
Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics, Wind (All), Daylighting, Wind (Small) Broadband-ready |
Eligible Efficiency Technologies |
Water Heaters, Heat pumps, Building Insulation, Windows, Doors, Comprehensive Measures/Whole Building, Insulation |
Eligible Electric Vehicle Technologies |
Make-Ready Equipment |
Applicable Sectors |
Commercial, Residential, Multifamily Residential, Low Income Residential |
Incentive Amount |
Varies based on the square footage of the building, the certification level, and additional technological upgrades. |
Eligible System Size |
- Up to 200,000 square feet for LEED Certified commercial buildings.
- At least 20,000 square feet for commercial buildings' additional renovation credit.
- Up to 20,000 square feet for commercial buildings' energy-saving technology credit.
- Up to 2,000 square feet for all residential buildings.
- No size requirement for residential buildings' energy-saving technology credit.
|
Carryover Provisions |
Excess credits may be carried forward for up to 7 years. |