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State of New Mexico - Taxation and Revenue Department

RPD-41317

Rev. 01/15/2013

SOLAR MARKET DEVELOPMENT TAX CREDIT CLAIM FORM

Purpose of Form. Form RPD-41317, Solar Market Development Tax Credit Claim Form, is used by a taxpayer who has

been certified for a solar market development tax credit by the Energy, Minerals and Natural Resources Department (EMNRD)

and wishes to claim the credit against personal or fiduciary income tax liability. The solar market development tax credit may

be claimed by a taxpayer who files a New Mexico personal or fiduciary income tax return for a tax year beginning on or after

January 1, 2006, and has purchased and installed a qualified photovoltaic or a solar thermal system after January 1, 2006,

but before December 31, 2016, in a residence, business or agricultural enterprise in New Mexico owned by that taxpayer. To

claim the credit, the taxpayer must attach to the personal or fiduciary income tax return a completed RPD-41317 and a copy

of a letter from EMNRD certifying the system and approving the taxpayer for the credit. The credit, which may not exceed

$9,000, is available for up to 10% of the purchase and installation costs. Unused solar market development tax credits may

be carried forward for a maximum of ten consecutive years following the tax year for which the credit was approved.

NOTE: For tax years beginning before January 1, 2009, the solar market development tax credit allowed was up to 30% of

the purchase and installation costs of a qualified photovoltaic or solar thermal system, reduced by the allowable federal tax

credit, whether or not the federal credit was claimed. The credit could not exceed $9,000.

To apply for the credit contact the Energy Conservation and Management Division of EMNRD at (505) 476-3318, or visit

their web site For assistance completing this form or claiming the credit, call (505) 476-3683.

Name of taxpayer

Social security number

City, state and ZIP code

Mailing address

1. Enter the beginning and ending date of the tax year of this claim.

From

Tax years beginning prior to January 1, 2006 are NOT eligible.

2. Enter the project number and the amount of solar market development tax credit allowed,

Project No.

as certified by EMNRD during the tax year of this claim. Attach the EMNRD letter certi-

fying the solar thermal or photovoltaic system and the amount of credit allowed during

the current report period. If more than one project is approved in a tax year, complete

Schedule B and attach to this form. From Schedule B, enter the total amount of solar

market development tax credits allowed.

3. Calculate the total unused credit available for carry-forward from prior years from

Schedule A and enter here. Include a copy of Schedule A from the second page of this

form.

4. Enter the sum of lines 2 and 3. This is the total credit available in the current tax year.

5. Enter the portion of total credit available (from line 4) claimed on your current New Mexico

personal or fiduciary income tax return. Do not enter more than the amount of personal

or fiduciary income tax due. In a tax year the credit used may not exceed the amount of

personal or fiduciary income tax otherwise due. Also attach a completed Schedule CR

for the applicable tax return.

Enter the credit claimed on the applicable line of the New Mexico personal income tax return, Form PIT-1, or the fiduciary

income tax return, Form FID-1. The solar market development tax credit may be deducted only from the taxpayer’s New

Mexico personal or fiduciary income tax liability. Apply unused credit from carry-forwards before applying new credit to the

tax liability. Credit unused in a tax year may be carried forward for a maximum of 10 consecutive tax years following the tax

year in which the solar thermal or photovoltaic system was certified and the credit was approved. See Schedule A.

NOTE: Failure to submit this form and other required attachments to your New Mexico personal or fiduciary income tax

return will result in denial of the credit.

Under penalty of perjury, I declare that I have examined this claim, and to the best of my knowledge and belief, it is

true, correct and complete.

Date

Signature of taxpayer

Form Rpd-41317 - Solar Market Development Tax Credit Claim Form - State Of New Mexico Taxation And Revenue Department

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