New Mexico Efficiency
1111 verified programs, updated 2026-08-08. 2 incentive types.
Central New Mexico Electric Cooperative - Residential Energy Efficiency Rebate Program
Rebate ProgramUtilityMarch 12, 2025
Appliances Refrigerator/Freezer Recycling: $60 Clothes Dryer Rebate: $30 Induction Cooktop: $100 - $350 LED lamps and LED fixtures : 50% of lamp or fixture cost up to $16 per lamp or fixture Heat Pump Water Heater (air to water) : $350 per unit Outdoor Power Equipment Electrification Incentive : $25 - $1,000 Evaporative Cooler: $200
PNM - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialJuly 14, 2025
Energy Star Room Air Conditioner: Up to $33 Clothes Washer: $110 Clothes Dryer: $110 Heat Pump Clothes Dryer: $165 Dishwasher: $80 Induction Cooktops and Range: $200 Refrigerator: $165 Freezer: $80 Window: $80 Smart Thermostat: $50 Variable Speed Pool Pump: $300 Large Evaporative AC Unit: Up to $400 Window-Mounted Evaporative Unit: $200 A/C Tune-up for Refrigerated A/C: Free PNM Power Saver Program: $25 initial plus $25 annual
El Paso Electric Company - Commercial Efficiency Program
Rebate ProgramUtilityAugust 20, 2024
Prescriptive Incentives Evaporative Cooling Units: $500/unit Food Service Equipment: Varies, See Website for details. Solid and Glass Door Reach-Ins: Varies, See Website for details. Refrigerated Beverage Vending Machine: $115 Multi and Variable Speed Pool Pumps: $450 Water Conservation: Varies, See Website for details. Air Infiltration Measures: Varies, See Website for details. Window Treatments: $1.00/sq. ft. Cool Roofs: $0.125 - $0.180/kWh HVAC HVAC Lodging Technology: $120/unit Cooling Tower Fans: $50/HP Hot Water Pumps: $125/HP Supply Fans, Return Fans, Cooling Water Pumps, and WSHP Circulation Pumps: $250/HP Commercial HVAC, All HVAC Equipment: $275/kW, $0.20/kWh Lighting Interior Fixtures: $275/kW, $0.085/kWh Exterior Fixtures: $0.085/kWh Vending Energy Misers Vending Miser: $50/unit Cooler Miser: $50/unit
El Paso Electric Company - Residential Efficiency Program
Rebate ProgramUtilityMarch 12, 2025
Air Sealing: $0.075-$0.239 Cool Roofs: $0.10-$0.20/square foot Windows: $1.50-$3.00/square foot Duct Sealing: $200/kW + $0.19/kWh Insulation: $0.01-$1.05/square foot Smart Thermostat: $50 Heat Pump Water Heaters: $300/unit Solar Attic Fans: $100/unit Room Air Conditioners: $50/unit Evaporative Cooling Units: $600 Induction Cooking: $50/cooktop Refrigerated Cooling: $85 - $175/ton Solar Screens: $1/sq. ft. Pool Pumps: $300 - $450
Xcel Energy - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialJune 25, 2025
Heat Pumps Evaporative Cooling : Up to $700 Smart Thermostat : $100 enrollment bill credit and earn $25 every year you participate in the program
New Mexico Gas Company - Residential Efficiency Programs
Rebate ProgramUtility, Residential, Multifamily ResidentialJuly 10, 2025
Energy Star Smart Thermostat: Up to $50 Energy and Water Savings Kit: Free Air Sealing: $200 Duct Sealing: $200 Energy Star Gas Clothes Dryers: $25 High Efficiency Gas Furnace or Boiler: $325 - $425 Energy Star Water Heating: $115 - $300 Insulation: Up to $1,000 Furnace Tune Up: $85
New Mexico Gas Company - Commercial Efficiency Programs
Rebate ProgramUtility, Commercial, IndustrialJuly 10, 2025
Space Heating Hot Water Boiler: $1,000 per Mmbtu Condensing Boiler: $2,000 - $3,000 per Mmbtu Steam Boiler: $1,000 per Mmbtu Water Heating Storage CEE Tier 1: $2,000 - $3,000 per MMbtu Instantaneous CEE: $2,500 - $3,500 Commercial Kitchen Equipment ENERGY STAR Certified Gas Griddle: $300 ENERGY STAR Certified Gas Fryer: $600 Gas Steam Cooker 3 Pan: $1200 Gas Steam Cooker 4 Pan: $1400 Gas Steam Cooker 5 Pan: $1500 Gas Steam Cooker 6 Pan: $1600 Low Temp Under Counter Dishwasher: $100 Low Temp Door Type Dishwasher: $500 Low Temp Single Tank Conveyor Dishwasher: $500 Low Temp Multi Tank Conveyor Dishwasher: $700 High Temp Door Type Dishwasher: $250 High Temp Single Tank Dishwasher: $150 High Temp Multi Tank Conveyor Dishwasher: $500 Gas Convection Oven: $300 Gas Combination Oven: $800 Gas Conveyor Oven (Greater than 25 Inches): $1500 Rack Oven: $2,000 per rack Custom Incentives Small Business Rebates Gas Furnaces: $375 - $420 Hot Water Boiler: $600 Condensing Boiler: $850 Gas Storage Water Heaters: $425 - $1,000 Gas Tankless Water Heaters: $600 - $1,000 New Home Energy Star Furnace or Boiler: $200 - $300 Energy Star Tankless Water Heater: $100 - $225 Energy Star Smart Thermostat: $50 Whole-House Rebates: Up to $1,500
Xcel Energy (Electric) - Commercial Energy Efficiency Rebate Program
Rebate ProgramUtilityAugust 20, 2024
Building Tune-up Audit: $500, Up to $400/kW saved for additional measures Motors: $25 - $5,500 Drives: $400 - $10,500 Air Compressor: $1,000 - $7,000 No-Loss Air Drain: Up to $200 Cycling Dryers: Up to $1.50/CFM Mist Eliminators: Up to $3.00/CFM Purge Controls: Up to $1,000 Constant Speed Motor Controllers: Up to $10/HP Pump-Off Controllers: Up to $3,000/unit Cooling System: Incentives varied. See program website for details Custom Measures: Up to $400/kW saved Lighting (Retrofit): Incentives varied. See program website for details Lighting (New Construction): Up to $400/kW
New Mexico Gas Company - New Home Construction Rebate Program
Rebate ProgramUtility, ConstructionNovember 1, 2024
Space Heating: $200 - $300 Water Heating: $100 - $225 Smart Thermostat: $50/unit Whole House Rebates Performance-Based Incentives : Up to $1,500 (Base kWh + Performance Bonus)
2021 Sustainable Building Tax Credit (Personal)
Personal Tax CreditCommercialMarch 20, 2026
Varies based on the square footage of the building, the certification level, and additional technological upgrades.
New Mexico - Home Electrification and Appliance Rebate (HEAR) Program
Rebate ProgramResidential, Multifamily Residential, Low Income ResidentialMay 20, 2025
Currently available: Heat Pump Clothes Dryer: up to $840 Electric or Induction Cooktop, Stove, Range, or Oven: up to $840 Wall, Ceiling/Attic, Floor, and Foundation Insulation: up to $1,600