Home
Forms Library
Solar Market Development Income Tax Credit Claim Form

Solar Market Development Income Tax Credit Claim Form 2025

Solar Market Development Income Tax Credit Claim Form Preview on Page 1

See details

4.4 out of 5

2966 votes

The document RPD-41317 is a claim form for the Solar Market Development Income Tax Credit in New Mexico, intended for taxpayers certified by the Energy, Minerals and Natural Resources Department (EMNRD). It allows eligible taxpayers to claim a credit against their personal or fiduciary income tax liability for purchasing and installing qualified solar systems between January 1, 2006, and December 31, 2016. The credit can be up to $9,000 or 10% of installation costs, with provisions for carrying forward unused credits for up to ten years. The form requires specific information about the taxpayer and the solar project.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to change Solar Market Development Income Tax Credit Claim Form online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your paperwork requires only some simple clicks. Make these fast steps to change the PDF Solar Market Development Income Tax Credit Claim Form online free of charge:

Sign up and log in to your account. Sign in to the editor using your credentials or click on Create free account to test the tool’s functionality.
Add the Solar Market Development Income Tax Credit Claim Form for editing. Click on the New Document option above, then drag and drop the sample to the upload area, import it from the cloud, or using a link.
Modify your document. Make any adjustments required: insert text and photos to your Solar Market Development Income Tax Credit Claim Form, underline details that matter, remove sections of content and replace them with new ones, and insert symbols, checkmarks, and areas for filling out.
Complete redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is very intuitive and efficient. Try it now!

See more Solar Market Development Income Tax Credit Claim Form versions

We've got more versions of the Solar Market Development Income Tax Credit Claim Form form. Select the right Solar Market Development Income Tax Credit Claim Form version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2015	4.7 Satisfied (47 Votes)
2009	4.4 Satisfied (2966 Votes)
2006	3.9 Satisfied (29 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What disqualifies you from a solar tax credit?

You must own the system: To use the tax credit, you must purchase the solar panels with cash or a loan. You will not get the tax credit if your solar panels are installed through a solar lease or a power purchase agreement (PPA) because you are not the owner of the system. You must have taxable income.

How to fill out form trd-41406?

How to fill out NM TRD-41406 Obtain the NM TRD-41406 form from the New Mexico Taxation and Revenue Department website or local office. Fill out the taxpayer information section, including your name, address, and tax identification number. Specify the type of tax or purpose for the form in the designated section.

Who qualifies for form 5695?

Who fills out IRS Form 5695? If you installed a qualifying renewable energy system, such as solar panels, you must complete IRS Form 5695 for 2024 to claim the Residential Clean Energy Credit. Submit this form with your tax return to apply the credit to your federal tax liability.

How does the 30% federal tax credit for solar work?

How it works. The Residential Clean Energy Credit equals 30% of the costs of new, qualified clean energy property for your home installed anytime from 2022 through 2032. The credit percentage rate phases down to 26 percent for property placed in service in 2033 and 22 percent for property placed in service in 2034.

What is the tax credit for solar businesses?

The Production Tax Credit (PTC) is a 2.6 per kilowatt-hour (kWh) tax credit for electricity generated by solar and other qualifying technologies for the first 10 years of a systems operation.

What is the tax credit for solar developers?

How Does the Solar Investment Tax Credit Work? The Investment Tax Credit (ITC) is currently a 30 percent federal tax credit claimed against the tax liability of residential (under Section 25D) and commercial and utility (under Section 48) investors in solar energy property.

What paperwork do I need to claim solar tax credit?

Filing requirements for the solar tax credit To claim the credit, youll need to file IRS Form 5695 as part of your tax return. Youll calculate the credit on Part I of the form, and then enter the result on your 1040.

Solar Market Development Income Tax Credit Claim Form 2025

Here's how it works

How to change Solar Market Development Income Tax Credit Claim Form online