{"id":136516,"date":"2025-05-13T14:39:22","date_gmt":"2025-05-13T14:39:22","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/"},"modified":"2025-05-13T14:39:22","modified_gmt":"2025-05-13T14:39:22","slug":"how-to-claim-new-mexico-solar-tax-credit","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/","title":{"rendered":"How to claim New Mexico solar tax credit?"},"content":{"rendered":"<p>Harnessing solar energy for your home can be a great way to reduce your carbon footprint and save money on energy bills. In New Mexico, homeowners who invest in solar panels may also be eligible for a state tax credit. This credit can help offset the cost of installing a solar energy system, making it a more affordable option for environmentally conscious individuals. If you&#8217;re considering going solar in New Mexico, here&#8217;s what you need to know about claiming the New Mexico solar tax credit.<\/p>\n<p>**How to claim New Mexico solar tax credit?**<\/p>\n<p>To claim the New Mexico solar tax credit, you will need to fill out Form IT-611, the Sustainable Building Tax Credit form. This form can be found on the New Mexico Taxation and Revenue Department website. You will also need to include a copy of your federal tax return and all necessary documentation related to your solar energy system, such as invoices and receipts.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#1_What_is_the_New_Mexico_solar_tax_credit\" title=\"1. What is the New Mexico solar tax credit?\">1. What is the New Mexico solar tax credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#2_How_much_is_the_New_Mexico_solar_tax_credit_worth\" title=\"2. How much is the New Mexico solar tax credit worth?\">2. How much is the New Mexico solar tax credit worth?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#3_Is_the_New_Mexico_solar_tax_credit_refundable\" title=\"3. Is the New Mexico solar tax credit refundable?\">3. Is the New Mexico solar tax credit refundable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#4_Can_I_claim_the_New_Mexico_solar_tax_credit_for_a_rental_property\" title=\"4. Can I claim the New Mexico solar tax credit for a rental property?\">4. Can I claim the New Mexico solar tax credit for a rental property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#5_Are_there_any_eligibility_requirements_for_the_New_Mexico_solar_tax_credit\" title=\"5. Are there any eligibility requirements for the New Mexico solar tax credit?\">5. Are there any eligibility requirements for the New Mexico solar tax credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#6_Can_I_claim_the_New_Mexico_solar_tax_credit_if_I_lease_my_solar_panels\" title=\"6. Can I claim the New Mexico solar tax credit if I lease my solar panels?\">6. Can I claim the New Mexico solar tax credit if I lease my solar panels?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#7_Do_I_need_to_have_a_professional_install_my_solar_panels_to_claim_the_New_Mexico_solar_tax_credit\" title=\"7. Do I need to have a professional install my solar panels to claim the New Mexico solar tax credit?\">7. Do I need to have a professional install my solar panels to claim the New Mexico solar tax credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#8_How_do_I_calculate_the_cost_of_the_solar_energy_system_for_the_New_Mexico_solar_tax_credit\" title=\"8. How do I calculate the cost of the solar energy system for the New Mexico solar tax credit?\">8. How do I calculate the cost of the solar energy system for the New Mexico solar tax credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#9_When_is_the_deadline_to_claim_the_New_Mexico_solar_tax_credit\" title=\"9. When is the deadline to claim the New Mexico solar tax credit?\">9. When is the deadline to claim the New Mexico solar tax credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#10_Can_I_claim_both_federal_and_state_solar_tax_credits\" title=\"10. Can I claim both federal and state solar tax credits?\">10. Can I claim both federal and state solar tax credits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#11_Can_I_claim_the_New_Mexico_solar_tax_credit_if_I_have_already_claimed_a_tax_credit_for_energy-efficient_improvements\" title=\"11. Can I claim the New Mexico solar tax credit if I have already claimed a tax credit for energy-efficient improvements?\">11. Can I claim the New Mexico solar tax credit if I have already claimed a tax credit for energy-efficient improvements?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#12_How_long_does_it_take_to_receive_the_New_Mexico_solar_tax_credit_once_I_file_my_taxes\" title=\"12. How long does it take to receive the New Mexico solar tax credit once I file my taxes?\">12. How long does it take to receive the New Mexico solar tax credit once I file my taxes?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_the_New_Mexico_solar_tax_credit\"><\/span>1. What is the New Mexico solar tax credit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe New Mexico solar tax credit is a state tax credit that allows homeowners to recoup a portion of the cost of installing a solar energy system on their property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_much_is_the_New_Mexico_solar_tax_credit_worth\"><\/span>2. How much is the New Mexico solar tax credit worth?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe New Mexico solar tax credit is worth 10% of the cost of the solar energy system, up to a maximum of $6,000.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Is_the_New_Mexico_solar_tax_credit_refundable\"><\/span>3. Is the New Mexico solar tax credit refundable?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, the New Mexico solar tax credit is not refundable. However, any excess credit that you cannot use in the current tax year can be carried forward for up to ten years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_I_claim_the_New_Mexico_solar_tax_credit_for_a_rental_property\"><\/span>4. Can I claim the New Mexico solar tax credit for a rental property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, the New Mexico solar tax credit is only available for residential properties.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Are_there_any_eligibility_requirements_for_the_New_Mexico_solar_tax_credit\"><\/span>5. Are there any eligibility requirements for the New Mexico solar tax credit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTo be eligible for the New Mexico solar tax credit, the solar energy system must be installed on a residential property in the state of New Mexico.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Can_I_claim_the_New_Mexico_solar_tax_credit_if_I_lease_my_solar_panels\"><\/span>6. Can I claim the New Mexico solar tax credit if I lease my solar panels?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, you must own the solar energy system outright in order to claim the New Mexico solar tax credit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Do_I_need_to_have_a_professional_install_my_solar_panels_to_claim_the_New_Mexico_solar_tax_credit\"><\/span>7. Do I need to have a professional install my solar panels to claim the New Mexico solar tax credit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, the solar energy system must be installed by a licensed contractor in order to qualify for the New Mexico solar tax credit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_How_do_I_calculate_the_cost_of_the_solar_energy_system_for_the_New_Mexico_solar_tax_credit\"><\/span>8. How do I calculate the cost of the solar energy system for the New Mexico solar tax credit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of the solar energy system for the New Mexico solar tax credit includes all expenses related to the purchase and installation of the system, such as labor costs and equipment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_When_is_the_deadline_to_claim_the_New_Mexico_solar_tax_credit\"><\/span>9. When is the deadline to claim the New Mexico solar tax credit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYou must claim the New Mexico solar tax credit in the tax year in which the solar energy system was installed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_I_claim_both_federal_and_state_solar_tax_credits\"><\/span>10. Can I claim both federal and state solar tax credits?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can claim both the federal solar tax credit and the New Mexico solar tax credit for the same solar energy system.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_I_claim_the_New_Mexico_solar_tax_credit_if_I_have_already_claimed_a_tax_credit_for_energy-efficient_improvements\"><\/span>11. Can I claim the New Mexico solar tax credit if I have already claimed a tax credit for energy-efficient improvements?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can claim the New Mexico solar tax credit in addition to other energy-related tax credits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_How_long_does_it_take_to_receive_the_New_Mexico_solar_tax_credit_once_I_file_my_taxes\"><\/span>12. How long does it take to receive the New Mexico solar tax credit once I file my taxes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe timeframe for receiving the New Mexico solar tax credit can vary, but you can expect to receive the credit within a few weeks to a few months after filing your taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harnessing solar energy for your home can be a great way to reduce your carbon footprint and save money on energy bills. In New Mexico, homeowners who invest in solar panels may also be eligible for a state tax credit. This credit can help offset the cost of installing a solar energy system, making it &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How to claim New Mexico solar tax credit?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-to-claim-new-mexico-solar-tax-credit\/#more-136516\">Read more<span class=\"screen-reader-text\">How to claim New Mexico solar tax credit?<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-136516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to claim New Mexico solar tax credit?<\/title>\n<meta name=\"description\" content=\"Harnessing solar energy for your home can be a great way to reduce your carbon footprint and save money on energy bills. 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