Renewable Energy Tax Credit News Briefs – May 2020

Thursday, May 7, 2020

Renewable Energy Briefs

New Mexico Gov. Michel Lujan Grisham signed legislation Feb. 19 to create a state solar market development income tax credit. S.B. 29 creates a credit for 10 percent of the purchase and installation of solar thermal or photovoltaic systems from March 1, 2020, until Dec. 31, 2027. The annual statewide cap is $8 million on a first-come, first-served basis, with a taxpayer cap of $6,000 per year.

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Renewable Energy Tax Credits