In this work, we calculate the matrix elements for the 0νββ-decay of 150 Nd using the deformed pn-QRPA method. We adopted the approach introduced by Rodin and Faessler [Phys. Rev. C84, 014322 (2011)] and by Simkovic et. al. [Phys. Rev. C87,045501(2013)] to restore the isospin symmetry by enforcing M 2ν F = 0. We found that with this restoration, the Fermi matrix elements are reduced in the strongly deformed 150 N d by about 15 to 20%, while the more important GamowTeller matrix elements remain the same. The results of an enlarged model space are also presented. This enlargement increases the total (Fermi plus Gamow-Teller) matrix elements by less than 10%.PACS numbers: 23.40. Hc,23.40.Bw,27.70.+q The neutrinoless double beta decay (hereafter 0νββ-decay), if it exists, is one of the rarest processes in our universe. Its discovery could lead to the dawn of a era for new physics beyond the Standard Model. Various experiments search or are proposed to look for this exotic process. Currently, about a dozen isotopes have been confirmed to decay by the two-neutrino double beta decay (2νββ) mode (for a review see [1]). They are also good candidates for 0νββ-decay. Of these isotopes 150 Nd has a relative small 2νββ half-life as shown in Table I Recently, a new formalism [8,9] with restored isospin symmetry has been developed by the Tübingen group for QRPA calculations. With this new formalism, isospin conservation is obtained by setting the value of M 2ν F to zero. The results in ref. [9] show, that for spherical nuclei this new approach reduces the 0νββ Fermi matrix elements by about 30∼40%, while the more important Gamow-Teller contributions are unchanged. In this work we adopt this new formalism for the 0νββ-decay of strongly deformed 150 Nd. This is done by separating the renormalization of the particle-particle residual protonneutron interaction into the T=1 (g F , which should disappear according to isospin conservation. In the present work we restore (at least partially) the isospin symmetry for the first time in the QRPA approach for deformed nuclei and calculate the 0νββ-decay matrix element for the deformed 150 Nd nucleus. At first we give a brief review of our method. The QRPA states are defined as: