New Advanced Energy Manufacturing Tax Credit Starting in 2025

New Advanced Energy Manufacturing Tax Credit Starting in 2025
A new Advanced Energy Equipment Income Tax Credit was signed into law last month that offsets up to 20% of the costs of equipment (up to a maximum $25 million per project and capped at $25 million per year) for qualified solar energy, wind energy, battery manufacturing, and rare earth element manufacturers. The credit is effective Jan. 1, 2025 through the end of 2032.
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Aerospace in NM
Explore the aerospace industry across New Mexico and discover why more manufacturers are choosing New Mexico to take their business to new heights!
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Featured Site: Lea County EnergyPlex Park
Located in southeastern New Mexico, the Lea County Energyplex Park is Lea County’s largest industrial park with over 9,600 acres. EnergyPlex Park is easily customizable to suit any industry, including manufacturing, petroleum, nuclear, solar, wind, fabrication, mining, warehousing, research & development, and more. Close to amenities and a combined population of over 62,000, it offers convenience and an opportunity for growth and expansion.
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Star Scientific Project Wins National Award
Star Scientific’s $100 million green hydrogen manufacturing project, that was announced in Albuquerque, NM in late 2023, recently earned a Community Impact Award from Trade and Industry Development Magazine. The award, which was given to only 15 projects across the country, was based on the positive impact the project will have on the Greater Albuquerque region.
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Contact Us
If you have a project looking to expand or relocate, New Mexico has the opportunities you’re looking for. To set up a meeting to discuss how this property or others can work for your project, email our team at aaldaz@nmpartnership or call us at (505) 389-5033.

info@nmpartnership.com  • (505) 247-8500  • www.nmpartnership.com

The New Mexico Partnership is designated by the state to be the single-point-of-contact to help businesses locate in New Mexico. It offers a coordinated approach and a formal network of economic developers to simplify the site selection process by providing expertise on talent, critical infrastructure, educational and R&D institutions, real estate and facilities, incentives, and all the other factors that go into a business location decision.