Current through Register Vol. 35, No. 18, September 24, 2024
A. To apply for the
tax credit an applicant shall submit a complete application package to the
division. An applicant may obtain the tax credit application form and system
installation form from the division to submit as part of the package.
B. An application package shall include a
completed tax credit application form and written attachments for a geothermal
ground-coupled heat pump system. The applicant shall submit the tax credit
application form together with all attachments required as a complete
application package. An applicant shall submit one application package for each
geothermal ground-coupled heat pump system. All material submitted in the
application package shall be provided on 81/2-inch x 11-inch paper.
C. The completed application form shall
include the following information:
(1) the
taxpayer's name, mailing address, telephone number and social security
number;
(2) the address where the
geothermal ground-coupled heat pump system is located;
(3) the geothermal ground-coupled heat pump
system's type and description;
(4)
the date the geothermal ground-coupled heat pump system started continuous
operation;
(5) the accredited
installer's name, address, telephone number, license category and license
number;
(6) the accredited
installer's documentation of IGSHPA "Accredited Installer Workshop"
certification;
(7) the net cost of
equipment, materials and labor of the geothermal ground-coupled heat pump
system, excluding the expenses and income listed in 3.3.32.13 NMAC;
(8) a statement, signed and dated by the
applicant, which signature may be electronic if approved by the department,
agreeing that:
(a) all information provided in
the application package is true and correct;
(b) applicant has read the certification
requirements contained in 3.3.32 NMAC;
(c) applicant understands that there are
annual aggregate tax credit limits in place for geothermal ground-coupled heat
pump systems;
(d) applicant
understands that the department must approve the application package before the
applicant is eligible for a tax credit;
(e) applicant agrees to make changes the
department requires to the geothermal ground-coupled heat pump system for
compliance with 3.3.32 NMAC; and
(f) to ensure compliance with 3.3.32 NMAC,
applicant agrees to allow the division or its authorized representative to
inspect the geothermal ground-coupled heat pump system that is described in the
application package at any time after the submission of the application package
with not less than five business days notice to the applicant; and
(9) a system certification number
the division assigns to the application.
D. The application package shall meet 3.3.32
NMAC's requirements and be materially complete.
E. The application package shall include the
following information provided as attachments:
(1) a copy of the most recent property tax
bill to the taxpayer for the residence where the geothermal ground-coupled heat
pump system is located;
(2) a copy
of the invoice of itemized equipment and labor costs for the geothermal
ground-coupled heat pump system;
(3) a copy of the geothermal ground-coupled
heat pump system's design schematic and technical specifications as described
in 3.3.32 NMAC;
(4) a photograph of
the geothermal ground-coupled heat pump system after installation is
completed;
(5) a completed system
installation form;
(6) a completed
taxpayer and accredited installer statement, with information about the
geothermal ground-coupled heat pump that includes:
(a) manufacturer or supplier of system
components and the system compenents' model numbers;
(b) number of well borings (if
applicable);
(c) a description of
horizontal trenching (if applicable);
(d) a description of a water source system
component (if applicable);
(7) if the system was installed using
vertical or horizontal directional boreholes, the applicant shall provide the
following information:
(a) drilling
operator;
(b) office of the state
engineer exploratory permit number and approval date (if required);
(c) drilling method;
(d) borehole diameter;
(e) number of boreholes drilled;
(f) general description of subsurface
geology, or copies of drilling logs;
(g) depth of the boreholes;
(h) distance between boreholes;
(i) depth to ground water (indicate if ground
water not encountered);
(j) whether
the system is an "open" or "closed" loop design; and
(8) if the system was installed using
horizontal trenching, the applicant shall provide the following information:
(a) length, width and depth of the trench or
trenches; and
(b) general
description of subsurface geology.
F. The completed system installation form
shall include the following information:
(1)
printed name of the taxpayer who is identified on the application
form;
(2) printed name, title and
telephone number of the accredited installer who signs the system installation
form;
(3) printed name, title and
telephone number of the building code authority's authorized representative, if
applicable, who approves the system installation form;
(4) date on which the geothermal
ground-coupled heat pump system installation was complete and ready to
operate;
(5) a statement that the
accredited installer has signed and dated, which may be a form of electronic
signature if approved by the department, certifying that:
(a) the geothermal ground-coupled heat pump
system was installed in full compliance with all applicable federal, state and
local government statutes or ordinances, rules or regulations and codes and
standards that are in effect at the time of installation;
(b) the accredited installer has read 3.3.32
NMAC's certification requirements;
(c) the installed geothermal ground-coupled
heat pump system will work properly with regular maintenance; and
(d) the accredited installer provided written
operations and maintenance instructions to the applicant and posted a one-page
summary of these instructions in a sheltered accessible location acceptable to
the taxpayer and that is near or at the geothermal ground-coupled heat pump
system's components;
(6)
documentation of the manufacturer's listed coefficient of performance or
efficiency ratio for the heat pump equipment; and
(7) documentation of the total geothermal
ground-coupled heat pump system size.
G. The application form shall request that
the applicant provide the following optional information:
(1) taxpayer's email address; and
(2) contractor's email address.
H. The application form shall
include optional selections where the applicant can indicate interest in
allowing the department to take the following actions. Selection of such
options by the applicant shall not create in the department an obligation to
take such action:
(1) adding energy
monitoring equipment to the geothermal ground-coupled heat pump
system;
(2) conducting an analysis
of geothermal ground-coupled heat pump system operation and performance;
or
(3) conducting an analysis of
taxpayer's utility bill records.
