Form Rpd-41333 - Advanced Energy Tax Credit Application (Page 6 of 6) in pdf

RPD-41333

State of New Mexico - Taxation and Revenue Department

Rev. 2/2/2012

ADVANCED ENERGY TAX CREDIT

INSTRUCTIONS

Page 3 of 3

3. a geothermal electric generating facility that begins con-

partnership that holds title to or a leasehold interest in a quali-

struction on or after July 1, 2009;

fied generating facility; or an ownership interest, through one

4. a recycled energy project if that facility begins construc-

or more intermediate entities that are each taxed for federal

tion on or after July 1, 2007; or

income tax purposes as a partnership, in a business that

5. a new or repowered coal-based electric generating facility

holds title to or a leasehold interest in a qualified generating

and an associated coal gasification facility.

facility.

“Recycled energy” means energy produced by a genera-

“Coal-based electric generating facility” means a new or

tion unit with a name-plate capacity of not more than fifteen

repowered generating facility and an associated coal gasifica-

megawatts that converts the otherwise lost energy from the

tion facility, if any, that uses coal to generate electricity and

exhaust stacks or pipes to electricity without combustion of

that meets the following specifications:

additional fossil fuel.

•

emits the lesser of:

1. what is achievable with the best available control

“Sequester” means to store, or chemically convert, carbon

technology, or

dioxide in a manner that prevents its release into the atmo-

2. thirty-five thousandths pound per million British ther-

sphere and may include the use of geologic formations and

mal units of sulfur dioxide, twenty five thousandths

enhanced oil, coal bed methane or natural gas recovery

pound per million British thermal units of oxides of

techniques.

nitrogen and one hundredth pound per million British

thermal units of total particulates in the flue gas;

“Name-plate capacity” means the maximum rated output of

•

removes the greater of:

the facility measured as alternating current or the equivalent

1. what is achievable with the best available control

direct current measurement.

technology, or

2. ninety percent of the mercury from the input fuel;

“Solar photovoltaic electric generating facility” means

•

captures and sequesters or controls carbon dioxide emis-

an electric generating facility with a name-plate capacity of

sions so that by the later of January 1, 2017, or 18 months

one megawatt or more that uses solar photovoltaic energy

after the commercial operation date of the coal-based

to generate electricity.

electric generating facility, no more than one thousand

one hundred pounds per megawat-hour of carbon dioxide

“Solar thermal electric generating facility” means an

is emitted into the atmosphere,

electric generating facility with a name-plate capacity of one

•

all infrastructure required for sequestration is in place

megawatt or more that uses solar thermal energy to gener-

by the later of January 1, 2017, or 18 months after the

ate electricity, including a facility that captures and provides

commercial operation date of the coal-based electric

solar energy to a preexisting electric generating facility using

generating facility,

other fuels in part.

•

includes methods and procedures to monitor the disposi-

tion of the carbon dioxide captured and sequestered from

“Interest in a qualified generating facility” means title to

the coal-based electric generating facility, and

a qualified generating facility; a leasehold interest in a quali-

•

does not exceed a name-plate capacity of 700 net

fied generating facility; an ownership interest in a business

megawatts.

or entity that is taxed for federal income tax purposes as a

Form Rpd-41333 - Advanced Energy Tax Credit Application Page 6

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