[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-detail-303008-en":53,"doc-seo-303008-105":76},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":5,"data":54},{"doc_id":55,"user_id":56,"nickname":57,"user_avatar":58,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":60,"doc_content":61,"file_id":62,"file_url":63,"file_type":64,"file_size":65,"view_count":66,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":67,"language":68,"language_code":69,"site_id":70,"html_lang":69,"table_of_contents":71,"faqs":72,"seo_title":73,"seo_description":60,"update_tm":74,"read_time":75},303008,13056703020460,"Valentina","https://ap-avatar.wpscdn.com/avatar/be000253dac470eee5d?_k=1778207105932848923","TRD-41406 - New Solar Market Development Tax Credit Claim Form - Instructions","TRD-41406 provides the claim process for the New Solar Market Development Tax Credit administered by the New Mexico Taxation and Revenue Department. It explains eligibility requirements tied to purchase and installation dates, limits the credit amount and availability, and describes refund, carryforward, and transfer rules. The form includes taxpayer identification and contact fields, asks for taxable year dates and net income tax calculations, and sets attachment requirements including relevant schedules and EMNRD certification. It also warns that missing EMNRD certification submission results in denial.","TRD-41406  \nRev 05/15/2024 New Mexico Taxation and Revenue Department  \nNew Solar Market Development Tax Credit Claim Form  \nPurpose of Form. Form TRD-41406, New Solar Market Development Tax Credit Claim Form, is to claim a new solar market development tax credit certified by the Energy, Minerals and Natural Resources Department (EMNRD) against personal or fiduciary income tax liability (Section 7-2-18.31 NMSA 1978) .  \n\n| Name of taxpayer |  |  | SSN, ITIN, or FEIN |\n| --- | --- | --- | --- |\n| Mailing address |  | City, state and ZIP code |  |\n| Name of contact | Phone number |  | E-mail address |\n\n1. Enter the beginning and ending date of the tax year of this claim.  \nTax years beginning prior to January 1, 2020 are NOT eligible.  \n2. Enter the Net New Mexico income tax calculated before applying any credit.  \nIndicate the portion of your total credit that you’re applying to reduce your Net New Mexico income tax. Make sure not to apply more credit than the amount of Net New Mexico personal or fiduciary income tax you owe. If you’re using a carryforward amount from a credit that you first claimed in 2020 or 2021, calculate the remaining available credit using Schedule A.  \nEnter the portion of your total credit that exceeds the amount of Net New Mexico income tax you owe and is eligible for a refund. This amount should only include credits claimed starting in tax year 2022; do not include any carry-forward amounts from tax years 2020 or 2021. Remember, credits carried forward from previous years cannot be refunded  \nFrom  \nUnder 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.  \nSignature of taxpayer   Date    \nTRD-41406 Rev 05/15/2024  \nNew Mexico Taxation and Revenue Department  \nNew Solar Market Development Tax Credit Claim Form  \nInstructions  \nThe new 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, 2020, and has purchased and installed a qualified photovoltaic or a solar thermal system on or after March 1, 2020, but before December 31, 2032, in a residence, business or agricultural enterprise in New Mexico owned by that taxpayer or after May, 15 2024, by a federally recognized Indian nation, tribe or pueblo and held in leasehold by that taxpayer. The credit, which may not exceed $6,000, is available for up to 10% of the purchase and installation costs. Unused new solar market development tax credits that were claimed before January 1, 2022, may be carried forward for a maximum of 5 consecutive years following the tax year for which the credit was approved. New solar market development tax credits for tax years before January 1, 2022, are not refundable. The taxpayer must apply for a certification of eligibility with the Energy, Minerals and Natural Resources Department (EMNRD) before claiming this credit. To apply for the credit, contact the Energy Conservation and Management Division of EMNRD at (505) 476-3310, or visit their web site [https://](https://)[ ](https://)[www.emnrd.nm.gov/ecmd/](www.emnrd.nm.gov/ecmd/) .  \nApplications received after each year’s cap has been met, based on statute, will be denied by EMNRD. See the table on the next page for cap amounts. This credit must be claimed for the taxable year in which the taxpayer purchases and installs the solar system, and the taxpayer shall apply within twelve (12) months following the calendar year in which the system was installed. Any credit claimed after January 1, 2022, that is over the taxpayer’s liability shall be refunded. The credit can be sold, exchanged, or otherwise transferred to another taxpayer for the full value of the credit. However, only credits issued for solar systems installed starting January 1, 2022, can be transferred.  \nTo claim the credit, the taxpayer must attach to the personal income tax return (Form PIT-1) or fiduci","cbCainE0QFGKs1d9","https://ap.wps.com/l/cbCainE0QFGKs1d9","pdf",220322,6,4,"English","en",105,"# Purpose of Form\n# Taxpayer Information\n# Claim Calculation Steps\n# Eligibility and Instructions","[{\"question\":\"Who can claim the New Solar Market Development Tax Credit using Form TRD-41406?\",\"answer\":\"A taxpayer filing a New Mexico personal or fiduciary income tax return for a tax year beginning on or after January 1, 2020 may claim it if they purchased and installed a qualified photovoltaic or solar thermal system within the specified date ranges and meet the ownership/leasehold conditions described in the instructions.\"},{\"question\":\"What credit limits and refund or carryforward rules apply?\",\"answer\":\"The credit may not exceed $6,000 and is available for up to 10% of purchase and installation costs. Unused credits claimed before January 1, 2022 can be carried forward for up to 5 consecutive years; credits for tax years before January 1, 2022 are not refundable. Credits claimed after January 1, 2022 that exceed tax liability are eligible for refund.\"},{\"question\":\"What must be attached to the return to claim the credit?\",\"answer\":\"Attach a completed Schedule CR (PIT-CR or FID-CR), this claim form (TRD-41406), and a copy of the EMNRD certification of eligibility. Also attach Schedule A (pg 3) when claiming a remaining credit carryforward amount, and attach Schedule B (pg 4) when allocating the credit for certain business entity scenarios.\"}]","TRD-41406 - New Solar Market Development Tax Credit Claim Form - Instructions | PDF",1789799430,2,{"code":4,"msg":77,"data":78},"ok",{"site_id":70,"language":69,"slug":79,"title":59,"keywords":80,"description":60,"schema_data":81,"social_meta":135,"head_meta":137,"extra_data":139,"updated_unix":140},"trd-41406-new-solar-market-development-tax-credit-claim-form-instructions","",{"@graph":82,"@context":134},[83,97,117],{"@type":84,"itemListElement":85},"BreadcrumbList",[86,90,92,95],{"item":87,"name":88,"@type":89,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":91,"name":10,"@type":89,"position":75},"https://docshare.wps.com/template/",{"item":93,"name":36,"@type":89,"position":94},"https://docshare.wps.com/template/forms/",3,{"item":96,"name":59,"@type":89,"position":67},"https://docshare.wps.com/template/trd-41406-new-solar-market-development-tax-credit-claim-form-instructions/303008/",{"url":96,"name":59,"@type":98,"image":99,"author":104,"headline":59,"publisher":106,"fileFormat":109,"inLanguage":69,"description":60,"dateModified":110,"datePublished":111,"encodingFormat":109,"isAccessibleForFree":112,"interactionStatistic":113},"DigitalDocument",{"url":100,"@type":101,"width":102,"height":103},"https://docshare.wps.com/thumbnails/trd-41406-new-solar-market-development-tax-credit-claim-form-instructions/303008.png","ImageObject",442,249,{"name":57,"@type":105},"Person",{"url":87,"name":107,"@type":108},"DocShare","Organization","application/pdf","2026-10-03","2026-09-19",true,{"@type":114,"interactionType":115,"userInteractionCount":66},"InteractionCounter",{"@type":116},"ViewAction",{"@type":118,"mainEntity":119},"FAQPage",[120,126,130],{"name":121,"@type":122,"acceptedAnswer":123},"Who can claim the New Solar Market Development Tax Credit using Form TRD-41406?","Question",{"text":124,"@type":125},"A taxpayer filing a New Mexico personal or fiduciary income tax return for a tax year beginning on or after January 1, 2020 may claim it if they purchased and installed a qualified photovoltaic or solar thermal system within the specified date ranges and meet the ownership/leasehold conditions described in the instructions.","Answer",{"name":127,"@type":122,"acceptedAnswer":128},"What credit limits and refund or carryforward rules apply?",{"text":129,"@type":125},"The credit may not exceed $6,000 and is available for up to 10% of purchase and installation costs. Unused credits claimed before January 1, 2022 can be carried forward for up to 5 consecutive years; credits for tax years before January 1, 2022 are not refundable. Credits claimed after January 1, 2022 that exceed tax liability are eligible for refund.",{"name":131,"@type":122,"acceptedAnswer":132},"What must be attached to the return to claim the credit?",{"text":133,"@type":125},"Attach a completed Schedule CR (PIT-CR or FID-CR), this claim form (TRD-41406), and a copy of the EMNRD certification of eligibility. Also attach Schedule A (pg 3) when claiming a remaining credit carryforward amount, and attach Schedule B (pg 4) when allocating the credit for certain business entity scenarios.","https://schema.org",{"og:url":96,"og:type":136,"og:title":59,"og:site_name":107,"og:description":60},"article",{"robots":138,"canonical":96},"index,follow",{"doc_id":55,"site_id":70},1790281901]