Renewable Energy Production Tax Credit

Category: State Incentives, Tax Incentives

Each qualified energy generator may earn an income tax credit of 1 cent ($.01) per kilowatt-hour for the first 400,000 megawatt-hours ( equivalent to 400,000,000 kilowatts) of electricity produced using a qualified energy source for 10 consecutive years, beginning with the first year of production.


New Mexico Economic Development Department