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EMNRD’s 2023 Solar Tax Credit fund is nearly exhausted

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Homeowners have claimed nearly $11 million of the $12 million available for 2023 credits

SANTA FE, NM – The Energy, Minerals and Natural Resources Department (EMNRD) is alerting New Mexico taxpayers that the fund that supports the New Solar Market Development Tax Credit is nearly exhausted for the 2023 tax year. This news comes less than three months before the deadline for filing 2023 federal and state tax returns.

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