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Combined Heat and Power Partnership

Alternative Energy Product Manufacturers Tax Credit

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated11/16/2012
Incentive TypeTax
Incentive Administrator/Contact OfficeNew Mexico Energy, Minerals and Natural Resources Department
Incentive Initiation Date7/1/2006
Incentive Size and Funding SourceThe 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 qualified expenditure is the purchase of manufacturing equipment made after July 1, 2006. The alternative energy product manufacturers tax credit may only be deducted from the taxpayer's modified combined tax liability, which is the total liability for the reporting period for the gross receipts, compensating tax and withholding tax. Any portion of the alternative energy product manufacturers tax credit that remains unused at the end of the taxpayer's reporting period may be carried forward for 5 years.
Eligible RecipientManufacturers may claim the tax credit for manufacturing alternative energy products and components, including renewable energy systems, fuel cell systems and electric and hybrid-electric vehicles.
Eligible FuelBiogas; Woody Biomass; Landfill Gas; Municipal Solid Waste; Other
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaAlternative energy components include parts, assembly of parts, materials, ingredients or supplies that are incorporated directly into end-use products. In addition, "products extracted from or secreted by a single cell photosynthetic organism" are eligible alternative energy products.
Application Form(s)Credit Application (PDF) (6 pp, 222K)
Resource Website(s) http://programs.dsireusa.org/system/program/detail/2567 exit EPA

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