What renewable energy tax credits are available to New Mexico businesses and families? Print Share
Wednesday, February 9, 2011
What renewable energy tax credits are available to New Mexico businesses and families?
To incentivize Americans to adopt renewable energy and energy-efficient technologies, Congress has created a robust suite of tax credits and other incentives for homeowners, businesses, and builders. Some examples are:
- Home Improvement tax credit: available to taxpayers who own existing homes and have made energy efficient improvements, such as installing certain replacement windows.
- Home builder tax credit: available to home builders who construct energy efficient homes, within certain qualifications.
- Commercial building owners and designers: who improve at least heating and cooling systems to meet ASHRAE standards.
- Solar, wind turbine, and other business tax credits: are available on qualified properties.
- Tax credits for producers of renewable energy and biofuels.
A summary for these renewable energy and energy efficiency tax incentives is available on my website. I encourage New Mexicans to review this list to determine where federal assistance might be available to help you go green.