ECAM Programs for Businesses
The following ECAM tax credits and other programs are available to New Mexico businesses.
Sustainable Building Tax Credit
Tax incentive for cutting-edge sustainable building practices, as well as energy-efficient products and appliances.
Energy Conserving Products Tax Credit
Tax incentive for homeowners and businesses for the installation of energy efficient products and electrification measures in existing homes and businesses.
Agricultural Biomass Income Tax Credit
Tax incentive available to owners of dairies or feedlots for the transportation of agricultural biomass to generate electricity or fuel.
Geothermal Ground-Coupled Heat Pump Tax Credit
Tax credit for the purchase and installation of geothermal ground coupled heat pump systems.
Clean Car Tax Credit
This State tax credit is available to individuals or businesses that purchase or lease a qualifying new or used clean vehicle before January 1, 2030.
Clean Car Charging Unit State Tax Credit
State tax credit for home and commercial vehicle chargers.
Advanced Energy Equipment Tax Credit
Tax credit for clean energy technology manufacturing equipment.
New Solar Market Development Tax Credit (NSMDTC)
Harness the power of the sun to generate clean, renewable energy for your home or business.
Geothermal Electricity Generation Tax Credit
Per-kilowatt-hour tax credit for geothermal electricity generation.
Energy Efficiency Revolving Loan Fund
Low-interest loans for energy efficiency audits and retrofits.
Preventing Outages While Enhancing Resilience (POWER) Program
Grants to increase community energy resilience and grow the sustainability workforce.
Geothermal grants and loans
(More information coming soon)
Additional Resources for Businesses
- NMSU Pollution Prevention Program
- Community Solar Program
- Local Solar Access Fund
- Clean Transportation Fuel Program
- PNM Business Energy Efficiency Programs
- El Paso Electric Business Programs
- Xcel Energy (SPS) Business Savings
- New Mexico Gas Company Energy Efficiency Savings and Rebates for Businesses
- Federal Tax Incentives