PNM offers a lot of great electrification rebates and programs, but their website can be a bit confusing. Mail-in Brochures that have past year deadlines are still good. Always check the website for updates and fine print on rebate limits and technical requirements. Contact PNM if you have questions.
To make your home more comfortable and affordable explore the full range of their offerings. Installing more electric appliances will increase your electricity bill, so consider a Time-of-Use plan for less expensive rates when electricity is cheaper. If you sign up for the Power Saver plan, you receive a free smart thermostat and a small sign-on and annual bonus.
If you are still a NM gas customer you might use their insulation and sealing rebates to weatherize (PNM has an insulation rebate too). And always check for state tax credits – but make sure that the product meets both the PNM and New Mexico state technical requirements. The table below outlines PNM’s different rebate programs. In some cases you may combine more than one PNM rebate. For example, you could receive a Home Energy Checkup Early Replacement rebate of $75 for a heat pump clothes dryer and apply for an $165 appliance rebate
Home Energy Checkup (HEC) – Requires a home evaluation first from a trained energy specialist who also seals leaks and gives you an energy-saving kit.
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- List of PNM Home Energy Checkup Rebates and links to Mail-In Applications
- Check if your home qualifies. Call (855) 775-6491. Your house can have a Checkup every 10 years. If you’ve just moved in, call to see if the property has had a checkup – you will be eligible for rebates.
- Are you a Renter? Consent form for landlord to sign. (properties with four units or less)
- Schedule in-person or virtual checkup – Waiting List (as of 1/25/26) Call 855-775-6491
- Contact PNM Trade Allies for quotes to install (also check rebate forms below to make sure product meets technical requirements)
- Apply for Rebates (Attic/ceiling Insulation (5-10%), Heat Pump ($550), Heat Pump Water Heater ($300), Air Purifier ($50), Replacement of older appliances, Electric Clothes Dryer ($75), Smart Thermostat ($50) and others)
- Questions: (855) 775-6491 | info@pnmhomecheckup.com
Midstream Program – For heat pumps, refrigerated air, heat pump water heaters and smart thermostats.
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- Benefit: The contractor does all the PNM paperwork for you. You may get a better discount than from HEC. Experienced contractors will know technical requirements. But also check yourself that equipment is also eligible for state tax credit.
- List of Contractors In the Program
- Customer rebates depend on efficiency: Refrigerated AC ($70-$310), Heat Pump ($540-$860), Energy Star Smart Thermostat ($40), Heat Pump Water Heater (55 gal and under – $650; Over 55 gal-$110)
Home Appliance Rebates – “Check with PNM before you buy”
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- Before you buy check the updated Lists of products and manufacturers that qualify for PNM Rebate
- Apply for an after sale rebate online OR mail-in
- Some examples of products:
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- Heat Pump Clothes Dryer ($165) or Electric Dryer ($110) Get a coupon to use at specific retailer, Online Rebate for Past Purchase, or Mail-in After Sale Rebate Form
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- Energy Star Induction Cooktops and Ranges ($200) Online Rebate for Past Purchase, Mail-in After Sale Rebate Form
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Instant Discounts at Stores – List of retailers for discounts on various products such as Room Air Conditioners, Ceiling Fans, Air Purifiers, Weather Stripping, Power Strips
Time-of-Day Rate Plans
Power Saver with Free Thermostats