New Mexico is offering a second chance for solar tax credits with new funding, allowing taxpayers who missed out between 2020 and 2023 to apply for credits covering up to 10% of solar installation costs, up to $6,000 annually, to make solar energy more affordable.
New Mexico Offers Second Chance for Solar Tax Credits with Up to $6,000 Savings
According to the report of Yahoo News, New Mexico is giving taxpayers a second chance to get solar tax credits. If you missed out on these credits from 2020 to 2023 because the program was full, you can now apply again with new funding available. This chance helps people who want to install solar panels but were previously denied.
You can get a credit for up to 10% of the cost of installing solar panels, with a maximum of $6,000 each year. This can help lower the cost of going solar and make it more affordable. To find out more and see if you qualify, check the Energy, Minerals, and Natural Resources Department (EMNRD) Website
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$6,000 Tax Credits Available for New Mexico Residents: Second Chance to Go Solar! (PHOTO: Yahoo)
New Funding Boosts Solar Tax Credits in New Mexico, Supporting Green Energy Choices
This new funding aims to help more New Mexicans use solar energy and save on their energy bills. It shows the state’s effort to support renewable energy and make it easier for people to choose green solutions.
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