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Combined Heat and Power Partnership

Advanced Energy Tax Credit

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated5/28/2014
Incentive TypeTax
State/FederalNM
Incentive Administrator/Contact OfficeNew Mexico Taxation & Revenue Department
Incentive Initiation Date7/1/2009
Incentive Size and Funding SourceThe development and construction costs of solar thermal electric, photovoltaic and geothermal plants and associated energy storage devices, and recycled energy projects are eligible for a 6% tax credit against gross receipts and certain other state taxes. Any unused credit may be carried forward for up to 10 years. The tax credit amount is capped at $60 million.
Eligible RecipientDoes Not Specify
Eligible FuelDoes Not Specify
Eligible Project Size (MW)15 MW or less.
Minimum Efficiency Required (%)Does Not Specify
Other Incentive DetailsRecycled energy is defined as "energy produced by a generation unit with a name-plate capacity of not more than 15 MW that converts the otherwise lost energy from the exhaust stacks or pipes to electricity without combustion of additional fossil fuel."
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