New Mexico Administrative Code › Title 3 - TAXATION › Chapter 3 - PERSONAL INCOME TAXES › Part 28 - SOLAR MARKET DEVELOPMENT TAX CREDIT › Section 3.3.28.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
A. "Applicant"
				means a New Mexico taxpayer that has installed a solar energy system and that
				desires to have the department certify the solar energy system pursuant to
				3.3.28 NMAC so that the taxpayer may receive a state tax credit.
B. "Application package" means the
				application documents an applicant submits to the division for certification to
				receive a state tax credit.
C.
				"Array" means the collectors of a solar thermal system or the modules of a
				photovoltaic system.
D. "Balance of
				system" means portions of a solar energy system other than the array.
E. "Building code authority" means the New
				Mexico regulation and licensing department, construction industries division or
				the local government agency having jurisdiction for building, electrical and
				mechanical codes.
F. "Certified" or
				"certification" means department approval of a solar energy system, which makes
				the taxpayer owning the system eligible for a state tax credit.
G. "Collector" means the solar thermal system
				component that absorbs solar energy for conversion into heat.
H. "Collector aperture" means the area of a
				solar thermal collector that absorbs solar energy for conversion into usable
				heat.
I. "Component" means a solar
				energy system's equipment and materials.
J. "Department" means the energy, minerals
				and natural resources department.
K. "Division" means the department's energy
				conservation and management division.
L. "Energy system" means an engineered system
				that delivers solar energy to an end use by flow of fluid or electricity caused
				by energized components such as pumps, fans, inverters or
				controllers.
M. "Homeowner" means a
				taxpayer that may obtain a permit limited to construction of single-family
				dwellings, private garages, carports, sheds, agricultural buildings and
				fences.
N. "Innovative" means an
				alternative method or material that is not commercialized for use in a solar
				energy system.
O. "Install" or
				"installation" means the direct work of placing a solar energy system into
				service to operate and produce energy at the expected level for a system of its
				size.
P. "Interconnection" means
				connection of a photovoltaic system that an electric utility customer operates
				to that utility's distribution grid system.
Q. "Interconnection agreement" means an
				agreement allowing the applicant to interconnect a solar energy system of a
				specified type and size to a suitable electric transmission or distribution
				line.
R. "Module" means the
				photovoltaic system component that absorbs sunlight for conversion into
				electricity.
S. "New" means the
				condition of being recently manufactured and not used previously in any
				installation.
T. "Non-residential"
				means a business or agricultural enterprise.
U. "OG" means operating guidelines that the
				solar rating and certification corporation has or will establish including
				system performance or component characteristics the SRCC defines in its
				directory. Operating guidelines shall be from the directory in effect on July
				1, 2006 and all successive revisions.
V. "Photovoltaic system" means an energy
				system that collects or absorbs sunlight for conversion into
				electricity.
W. "Portable" means
				not permanently connected to a residence, business or agricultural enterprise
				or connected to a mobile vehicle that is a part of a residence, business or
				agricultural enterprise.
X. "Solar
				collector" means a solar thermal collector or photovoltaic module.
Y. "Solar market development tax credit"
				means the personal income tax credit the state of New Mexico issues to a
				taxpayer for a solar energy system the department has certified.
Z. "Solar energy system" means a solar
				thermal system or photovoltaic system.
AA. "Solar storage tank" means a tank
				provided as a component in a solar thermal system that is not heated by
				electricity or a heating fuel.
BB.
				"Solar thermal system" means an energy system that collects or absorbs solar
				energy for conversion into heat for the purposes of space heating, space
				cooling or water heating.
CC.
				"SRCC" means the solar rating and certification corporation.
DD. "Standard test conditions" means the
				environmental conditions under which a manufacturer tests a photovoltaic module
				for power output, which are a photovoltaic cell temperature of 25 degrees
				celsius and solar insolation of 1000 watts per square meter on the photovoltaic
				cell surface.
EE. "State tax
				credit" means the solar market development tax credit.
FF. "Taxpayer" means the owner of a solar
				energy system and the residence, business or agricultural enterprise where the
				solar energy system is located who applies for certification of an operating
				solar energy system in order to receive a state tax credit.