Home Energy Rebates in New Mexico | Upgrade Rebates
New Mexico rebate guideUpdated 2026

Home energy rebates in New Mexico

Explore 6 published measures from 2 New Mexico utilities, plus current state-program status and official links.

State program: Partly open Federal credits: Ended Dec 2025

Published utility programs in New Mexico

Current offers in our source set, with direct links to the utility running each program.

Public Service Company of New Mexico (PNM)Most of New Mexico including Albuquerque, Santa Fe and Las VegasPNM Home Energy Checkup Rebates
Split air-source heat pump$550
Packaged air-source heat pump$550
ENERGY STAR certified heat pump water heater$300
PNM Home Energy CheckupNo costPNM states a Home Energy Checkup is required prior to appliance purchases in order to claim the rebates above; purchases must occur within six months of the checkup.
New Mexico Gas CompanyNatural gas customers statewide in New MexicoEnergy Efficiency Rebates (residential)
Insulation, air and duct sealing$200 to $1,000Attic, roof and crawl space insulation rebates may not exceed 40% of total project cost excluding tax; air and duct sealing requires pre- and post-blower door tests.
High-efficiency natural gas water heaterup to $500Tank and tankless gas water heaters; select models must be ENERGY STAR certified.

The New Mexico state rebate program

Funding and launch status for the state-administered HOMES and HEAR programs.

$87,655,471
Federal funding allocated to New Mexico across both programs
$43,742,970HEAR · electrification
$43,912,501HOMES · whole-home efficiency

Source: US DOE, IRA Home Energy Rebates State Allocations (updated May 23, 2024)

StatusPartly open
Latest program update

The HEAR program launched September 3, 2024 and is accepting homeowner applications, though the state notes it is "being launched in phases, and not all products are currently available." The Home Efficiency Rebates (HER/HOMES) program is still listed under "Programs Coming Soon" on the state's clean energy site; Franklin Energy was announced in May 2026 as its implementer.

Administered by New Mexico Energy, Minerals and Natural Resources Department (EMNRD), Energy Conservation and Management Division.

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New Mexico rebate questions

Can I still get a federal tax credit in New Mexico?

No. 25C and 25D were both repealed by the One Big Beautiful Bill Act for property placed in service after December 31, 2025. Anything installed in New Mexico in 2026 earns no federal residential energy credit. Work finished on or before that date can still be claimed.

Are the New Mexico state rebates open yet?

The HEAR program launched September 3, 2024 and is accepting homeowner applications, though the state notes it is "being launched in phases, and not all products are currently available." The Home Efficiency Rebates (HER/HOMES) program is still listed under "Programs Coming Soon" on the state's clean energy site; Franklin Energy was announced in May 2026 as its implementer.

What utility programs are listed for New Mexico?

This guide includes 6 published measures from 2 New Mexico utilities, with a direct link to each official program.

Independent service. Upgrade Rebates is not a government agency or utility. Program administrators determine eligibility, funding, and award amounts.