Solar Market Development Tax Credit (SMDTC)

Attention New Mexico Solar Market Development Tax Credit Applicants

Energy Minerals Natural Resources Department (EMNRD) is aware of outstanding Solar Market Development Tax Credit (SMDTC) applications for tax year 2022 (January 1, 2022 – December 31, 2022). We strongly encourage applicants to submit a completed application as soon as the installed system is fully connected, inspected, and meets all requirements detailed in NMAC 3.3.14.17. To be considered for a 2022 tax credit certificate, the system must have passed inspection on or before December 31, 2022. We remind applicants that the current tax credit allocation is $12 million, and 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 3.3.14.10C).

For projects completed in tax year 2021 (January 1, 2021 – December 31, 2021), the annual funding cap has been reached. EMNRD is no longer accepting 2021 SMDTC applications.

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 emnrd.taxcredits@emnrd.nm.gov.

How to Apply

• Instruction Manual – SMDTC Income Tax Credit
• Application Form – SMDTC Income Tax Credit Application Form

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

• Submission Site – SMDTC Income Tax Credit Application