New Mexico Administrative Code › Title 3 - TAXATION › Chapter 3 - PERSONAL INCOME TAXES › Part 28 - SOLAR MARKET DEVELOPMENT TAX CREDIT › Section 3.3.28.9 - APPLICATION

Current through Register Vol. 35, No. 13, July 16, 2024
A. To apply for a
				state tax credit an applicant shall submit an application package to the
				division. An applicant may obtain a state tax credit application form and
				system installation form from the division.
B. An application package shall include a
				completed state tax credit application form and written attachments for a solar
				thermal system or photovoltaic system. The applicant shall submit the state tax
				credit application form and any attachments required at the same time as a
				complete application package. An applicant shall submit one application package
				for each solar energy system. All material submitted in the application package
				shall be capable of being provided on 8½-inch x 11-inch paper.
C. The application package shall meet 3.3.28
				NMAC's requirements. If an application package fails to meet a requirement, the
				department shall disapprove the application.
D. The completed application form shall
				consist of the following information:
(1) the
				taxpayer's name, mailing address, telephone number and social security
				number;
(2) the address where the
				solar energy system is located, if located at a residence, business or
				agricultural facility or, a location description if located at an agricultural
				enterprise;
(3) the solar energy
				system's type and description;
(4)
				the date the solar energy system started continuous operation or that an
				upgrade to an existing system became operational, if applicable;
(5) if a contractor installed the solar
				energy system, the contractor's name, address, telephone number, license
				category and license number;
(6)
				acknowledgement that the homeowner installed the solar energy system; if
				applicable;
(7) the net cost of
				equipment, materials and labor of the solar energy system, excluding the
				expenses and income listed in 3.3.28 NMAC;
(8) a statement that the applicant signed and
				dated, which may be a form of electronic signature if approved by the
				department, agreeing that:
(a) all
				information provided in the application package is true and correct to the best
				of the applicant's knowledge;
(b)
				applicant has read the certification requirements contained in 3.3.28
				NMAC;
(c) applicant understands
				that there are annual aggregate state tax credit limits in place for solar
				thermal systems and photovoltaic systems;
(d) applicant understands that the department
				must certify the solar energy system documented in the application package
				before becoming eligible for a state tax credit;
(e) applicant agrees to make any changes the
				department requires to the solar energy system for compliance with 3.3.28 NMAC;
				and
(f) to ensure compliance with
				3.3.28 NMAC applicant agrees to allow the division or its authorized
				representative to inspect the solar energy system that is described in the
				application package at any time from the application package's submittal to
				three years after the department has certified the solar energy system, upon
				the division providing a minimum of five days notice to the applicant;
				and
(9) a project number
				the division assigns to the application.