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 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 2025 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, prunes, leaf blowers and power-washers
  • Air Source Heat Pump 1 ton equals 12,000 Btu. T1 ton for the first 1,000 square feet, and then add an extra ton for every additional 500 square feet
    • Tier 1 Efficient HP; Required HSPF >= 9.0 and SEER >= 15 or, HSPF2 >= 7.8 and SEER2 >=15.2
      • <= 2 tons [Small house < 2,000sq ft]= $675 (not to exceed 50% equipment cost)
      • > 2 tons = $1800 (not to exceed 50% equipment cost)
    • Tier 2 – Cold-Climate Certified Air Source Heat Pump; HSPF >= 10.0 and SEER >= 16 or, HSPF2 >= 8.1 and SEER2 >= 15.2; variable speed compressor or a minimum of 3 stages (settings for fan speed)
      • <= 2 tons = $1000 (not to exceed 50% equipment cost)
      • > 2 tons = $2400 (not to exceed 50% equipment cost)
    • Air Source Heat Pump Install up to $250/install for contractor
  • 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)
  • Electric Vehicle Charging Equipment
    • Residential Level 2: 50% of equipment and installation costs up to $500
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 2025)

Western Farmers Electric Coops

Others

Rural Electric Co-ops and Solar