The Alternative Energy Product Manufacturers tax credit may be claimed for manufacturing alternative energy products and components, including renewable energy systems, fuel cell systems, and electric and hybrid-electric vehicles. Alternative energy components include parts, assembly of parts, materials, ingredients, or supplies that are incorporated directly into end-use products. In 2011 S.B. 233 added "products extracted from or secreted by a single cell photosynthetic organism" to the list of eligible alternative energy products.

Tax Credit

The total amount of the credit is approved by the Taxation and Revenue Department and is not to exceed 5% of the taxpayer’s qualified expenditures. A

New Mexico has a gross receipts tax structure for businesses instead of a sales tax. Businesses are taxed on the gross amount of their business receipts each year before expenses are deducted. Revenue generated by the sale and installation of solar systems used to provide space heat, hot water, or electricity to the property on which it is installed may be deducted from gross receipts before the gross receipts tax is calculated. Dark-colored water tanks exposed to sunlight, including all equipment necessary for the installation and operation of the water tank as a part of the overall water system of

Note: The tax credits are fully subscribed. As of July 2016, there were 973 MW (2,148,000 MWh) of projects in the waiting queue for the wind/biomass tax credit and 1,103 MW (2,369,000 MWh) of projects in the waiting queue for the solar tax credit.

Enacted in 2002, the New Mexico Renewable Energy Production Tax Credit provides a tax credit against personal or corporate income tax. To qualify, an energy generator must have a capacity of at least 1 megawatt and be installed before January 2018. 

Amount

The tax credit is $0.01 per kilowatt-hour (kWh) for companies that generate electricity from

Southern Minnesota Municipal Power Agency (SMMPA) is a joint-action agency which generates and sells reliable electricity at wholesale to its seventeen non-profit, municipally-owned member utilities, and develops innovative products and services to help them deliver value to customers. With help from SMMPA, Princeton PUC provides incentives for residential and commercial customers to improve the energy efficiency of homes. Rebates are available for qualified dishwashers, clothes washers, air conditioners (central and room), lighting, heat pumps (air-source and geothermal), dehumidifiers, refrigerators, and freezers. Appliances must be ENERGY STAR to qualify for the rebate, and bonus incentives are available in some cases if

Southern Minnesota Municipal Power Agency (SMMPA) is a joint-action agency which generates and sells reliable electricity at wholesale to its seventeen non-profit, municipally-owned member utilities, and develops innovative products and services to help them deliver value to customers. With help from SMMPA, Preston Public Utilities provides incentives for residential and commercial customers to improve the energy efficiency of homes. Rebates are available for qualified dishwashers, clothes washers and dryers, air conditioners (central and room), lighting, heat pumps (air-source and geothermal), dehumidifiers, refrigerators, freezers, and furnace fan motors. Specific program details and requirements can be found on the website listed above.

Southern Minnesota Municipal Power Agency (SMMPA) is a joint-action agency which generates and sells reliable electricity at wholesale to its eighteen non-profit, municipally-owned member utilities, and develops innovative products and services to help them deliver value to customers. With help from SMMPA, North Branch Municipal Water & Light provides incentives for residential and commercial customers to improve the energy efficiency of homes. Rebates are available for qualified dishwashers, clothes washers, air conditioners (central and room), lighting, heat pumps (air-source and geothermal), dehumidifiers, refrigerators, and freezers. Appliances must be ENERGY STAR to qualify for the rebate, and bonus incentives are available

Southern Minnesota Municipal Power Agency (SMMPA) is a joint-action agency which generates and sells reliable electricity at wholesale to its eighteen non-profit, municipally-owned member utilities, and develops innovative products and services to help them deliver value to customers. With help from SMMPA, New Prague Public Utilities provides incentives for residential and commercial customers to improve the energy efficiency of homes. Rebates are available for qualified dishwashers, clothes washers, air conditioners (central and room), lighting, heat pumps (air-source and geothermal), dehumidifiers, refrigerators, and freezers. Appliances must be ENERGY STAR to qualify for the rebate, and bonus incentives are available in some

Southern Minnesota Municipal Power Agency (SMMPA) is a joint-action agency that generates and sells reliable electricity at wholesale to its seventeen non-profit, municipally-owned member utilities, and develops innovative products and services to help them deliver value to customers. With help from SMMPA, Mora Municipal Utilities provides incentives for residential and commercial customers to improve the energy efficiency of homes. Rebates are available for qualified technologies such as dishwashers, clothes washers, air conditioners (central and room), lighting, heat pumps (air-source and geothermal), dehumidifiers, refrigerators, and freezers. Appliances must be ENERGY STAR to qualify for the rebate, and bonus incentives are available

Southern Minnesota Municipal Power Agency (SMMPA) is a joint-action agency which generates and sells reliable electricity at wholesale to its seventeen non-profit, municipally-owned member utilities, and develops innovative products and services to help them deliver value to customers. With help from SMMPA, Litchfield Public Utilities provides incentives for residential and commercial customers to improve the energy efficiency of homes. Rebates are available for qualified technologies such as dishwashers, clothes washers, air conditioners (central and room), lighting, heat pumps (air-source and geothermal), dehumidifiers, refrigerators, and freezers. Appliances must be ENERGY STAR to qualify for the rebate, and bonus incentives are available

Southern Minnesota Municipal Power Agency (SMMPA) is a joint-action agency which generates and sells reliable electricity at wholesale to its eighteen non-profit, municipally-owned member utilities, and develops innovative products and services to help them deliver value to customers. With help from SMMPA, Lake City Utilities provides incentives for residential and commercial customers to improve the energy efficiency of homes. Rebates are available for qualified dishwashers, clothes washers, air conditioners (central and room), lighting, heat pumps (air-source and geothermal), dehumidifiers, refrigerators, and freezers. Appliances must be ENERGY STAR to qualify for the rebate, and bonus incentives are available in some cases