Rural Electric Co-op Rebates

Rural Electric Cooperatives

Rebates

Many of New Mexico’s Rural Electric Co-ops receive their electricity and energy efficiency rebates from Tri-State.  This list of rebates for their residential and commercial customers comes from the Socorro Electric Co-op website, but other NM co-ops may have similar rebates. Check with your co-op to see what they offer first before you make purchases and begin your project.

Some Coops affiliated with Tri-State in Colorado offer On-Bill Financing to help members pay for upgrades. Look out for this program to expand to New Mexico later in 2025. You may also save by signing up for a Time-of-Use electricity rate.

  • Tri-State Electrify and Save Possible 2026 Rebates
  • Energy Audits for commercial, industrial and agricultural producers
  • $100 Electric-to-Induction cooktop/range 30″+
  • $350 Gas-to-Induction replacement or new construction
  • 25% of cost up to $1,000 Electric riding mower
  • 25% of cost up to $150 Electric snow blower, mower and bicycles
  • 25% of cost up to $100 Electric chainsaw; up to $50 for Electric trimmers, leaf blowers and power-washers
  • Various rebates and requirements for electric and heat-pump water heaters 30 gal and above.
  • Air Source Heat Pump

    • Minimum eligibilty (ducted & ductless): ENERGY STAR® version 6.1, minimum standard 7.8 HSPF2.

    • AHRI certification and/or number required. Itemized receipt.

    • Incentive amount is the lower of stated rebate or 50% of equipment cost:  $500 for systems < 1.5 tons (18,000 BTUs); $1,500 for systems > 1.5 tons (18,000 BTUs)

  • Ground Source Heat Pump
    • $500 per ton for new systems
    •  $250 per ton for replacement systems
    •  $100 per unit for ground source heat pump powered hot water (a.k.a. desuperheater)
    • Rebate over $20,000 requires prior approval
  • Electric Vehicle Charging Equipment
    • Residential Level 2: 50% of equipment and installation costs up to $1000
Please call your coop for the most up-to-date offerings and requirements.
Tri-State Member Coops  (Members may choose to offer rebates from this list for 2026)

Western Farmers Electric Coops

Others

Rural Electric Co-ops and Solar