RPD-41317: RPD-41317 Solar Market Development Income Tax Credit Claim Form (2024)
New Mexico · New Mexico TRD · Used for tax years 2024
Form RPD-41317 is used to claim New Mexico’s solar market development tax credit against personal or fiduciary income tax. It applies only to credits certified between 2006 and 2016 and reports approved credits, amounts claimed in prior years, unused credit, and the amount applie
Who files this form
Use Form RPD-41317 if EMNRD has certified you for a solar market development tax credit and you want to claim it against your New Mexico personal or fiduciary income tax.
This form is only for credits certified between 2006 and 2016. The form covers qualified photovoltaic or solar thermal systems purchased and installed after January 1, 2006, but before December 31, 2016, in a New Mexico residence, business or agricultural enterprise that you own.
Only the person named on the certificate of eligibility may claim the credit.
What you'll need
Include these items with your New Mexico personal or fiduciary income tax return:
- Completed Form RPD-41317, including Schedule A.
- A copy of the EMNRD letter certifying the system or project and approving your credit.
- The applicable tax credit schedule, PIT-CR or FID-CR.
To complete Schedule A, you will need the project number, approval tax year and approved credit amount shown on your certificate of eligibility. You will also need the total credit claimed in previous tax years.
How to file
- Enter your taxpayer and contact information and the beginning and ending dates of the tax year you are claiming.
- On line 2, enter your net New Mexico income tax before applying any credits.
- Complete a separate row of Schedule A for each eligible approved credit. Apply the oldest credits first.
- Add the amounts in Schedule A, column (f), and enter the total on line 3. Do not claim more than your net New Mexico personal or fiduciary income tax due.
- Enter the credit claimed on PIT-CR for Form PIT-1, or FID-CR for Form FID-1.
- Sign and date Form RPD-41317. Attach it, Schedule A, the applicable tax credit schedule and the EMNRD certification letter to your income tax return.
Common mistakes
- Missing attachments: The form warns that failing to submit Form RPD-41317 and the required attachments with your return will result in denial of the credit.
- Claiming too much: The credit used cannot exceed your net New Mexico income tax before credits.
- Using newer credits first: Apply credits in approval order, using the oldest credit first.
- Including fully used credits: Do not list credits already claimed in full in earlier tax years.
- Carrying credits forward too long: Unused credits may be carried forward for no more than 10 consecutive tax years after the tax year for which the credit was approved.
Questions people ask
Does this form cover credits certified after 2016?
No. Form RPD-41317 is marked for credits certified between 2006 and 2016 only.
Can I use the credit against taxes other than income tax?
The credit may be deducted only from your New Mexico personal or fiduciary income tax liability.
What happens if I cannot use all of my credit?
Unused credit may be carried forward for up to 10 consecutive tax years following the tax year for which the credit was approved. You must use older credits first.
Can someone else claim a credit issued to me?
Only the person to whom the certificate of eligibility was issued may claim the credit.
Where can I get help completing this form?
For help completing the form or claiming the credit, call (505) 827-0792.