Solar Market Income Tax Credit

Where it is in the process

Plain-English Summary

This bill increases the New Mexico income tax credit for installing solar energy systems in homes, businesses, or farms. It raises the credit from 10% to 30% of the cost, with a maximum credit of $15,000, up from $6,000. The total amount of credits the state can approve each year remains at $30 million, and these changes would apply to tax years starting on or after January 1, 2026.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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