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NM Sustainable Building Tax Credit

NM Sustainable Building Tax Credit

Offers New Mexico property owners credits for building and renovation projects that meet recognized green standards.

OpenNew Mexico Taxation and Revenue DepartmentUnited StatesEligible in New Mexico
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About

The New Mexico 2021 Sustainable Building Tax Credit is a tiered, transferable state tax credit authorized under NMSA 1978 §§7-2-18.32 (personal income) and 7-2A-28.1 (corporate income), administered jointly by the New Mexico Energy, Minerals and Natural Resources Department (EMNRD) Energy Conservation and Management Division and the New Mexico Taxation and Revenue Department (TRD). The program inc…

What this grant funds

Offers New Mexico property owners a tiered, transferable tax credit for constructing or renovating buildings that achieve green certification such as LEED or Build Green NM.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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What you have to submit

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Last verified: 22 Jul 2026Source: www.tax.newmexico.gov