Business owners are often asked if the "golden era" of commercial solar technology has already passed, with shifting federal policy and uncertainty around energy costs. The federal Investment Tax Credit, or ITC, allows businesses to claim 30% of a project’s total cost as a dollar-for-dollar tax credit, which translates into a six-figure benefit for many commercial installations. Additional provisions include 100% bonus depreciation, 100% immediate tax savings and improved cash flow. Nonprofits and tax-exempt organizations can receive the 30% credit as a direct payment from the IRS. New Mexico continues to offer a 10% Solar Market Development Tax Credit and exemptions from sales and property taxes on solar installations. However, recent federal legislation has added complexity and urgency to meet the full 30% ITC requirements. To qualify for the full credit, commercial projects must meet one of two key deadlines: Be placed in service by Dec. 31, 2027.