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Solar Market Development Tax Credit (SMDTC)

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Solar Market Development Tax Credit (SMDTC)

Attention New Mexico Solar Market Development Tax Credit Applicants

EMNRD is no longer accepting 2022 SMDTC applications. For projects completed in tax year 2022 (January 1, 2022 – December 31, 2022), the annual funding cap has been reached. Applications are processed on a first-come, first-served basis. Once the tax credit allocation cap has been reached in a given year, we cannot issue additional certificates (NMAC

EMNRD is not accepting walk-in application drop-offs or walk-in requests for technical assistance. We have installed a secure lockbox outside for application drop-off. Please allow 3-4 weeks for processing of completed applications. Certificates of Eligibility are sent electronically to the email address provided on the application.

Should you have any questions, please contact our office at

How to Apply

For best results, download and save the application form and fill it using one of the following PDF applications which has been tested and verified to produce a form compliant with AcroForm standards. These software are free versions available for many platforms which will produce a file compatible with the “Submission Site -NSMD Income Tax Credit Application” below.

For Adobe Reader go to the Adobe Reader download page

For Foxit Reader go to the Foxit Reader download page