Get up to $1,750 for a qualifying Heat Pump Water Heater.
Current Incentives & Rebate Programs
Discover a range of exciting incentive and rebate programs designed to support your sustainable energy goals. Explore the list of available programs below to find the perfect fit for your needs.
| Product Category | Requirements | Maximum Rebate |
| Heat Pump Water Heater | Must be ENERGY STAR Certified and installed by an Authorized Program Contractor. |
Up to $1,750 |
Home Energy Efficiency Rebates (HEAR)
The HEAR Program will offer low-income New Mexicans rebates or Incentives for coupons on qualifying ENERGY STAR Heat Pump Water Heater upgrades. New Mexicans who earn less than 80% AMI or participate in certain means-tested programs qualify. New Mexico has allocated 75% of rebates to single-family homes and 25% of rebates to multi-family homes.
Eligibility Requirements
- Income Eligibility: You need to earn less than 80% of your county’s Area Median Income (AMI) or participate in specific state or federal benefit programs.
- Property Requirement: You must own and live in a single-family home, duplex, triplex, quadplex, or townhome.
Click here for more information about the HEAR Program.
How to Apply
With up to $1,750 in savings available through the HEAR program, you can upgrade your water heater easily. Don’t miss out—find out what you’re eligible for and start your journey to a more energy-efficient home today!
What Is a Heat Pump Water Heater?
Heat Pump Water Heaters use electricity to move heat from one place to another instead of generating heat directly – taking the heat from surrounding air and transferring it to water in an enclosed tank. During periods of high hot water demand, some “hybrid” models can switch to standard electric resistance heat automatically.
Heat Pump Water Heater
- ENERGY STAR certified HPWHs are significantly more efficient than standard water heaters
- Heat pump water heaters make the same amount of hot water using 70% less electricity
- A household of 4 can save approximately $550 per year on electric bills, compared to a standard electric water
Helpful Heat Pump Water Heater Information
Heat pump water heaters have several requirements, including installation location, air space, and drainage. They also need to be permitted and meet local codes.
- Heat pump water heaters work most efficiently in temperatures between 40°F and 90°F
- Access to air allows heat pump water heaters to operate at peak performance. Most models need about 750 to 1000 cubic feet of air, which is about the size of a 10 ft x 10 ft room. If available space is more limited that this, a louvered door can also help support the required air circulation
- Most models require a dedicated 240 Volt outlet
- Heat pump water heaters produce pure, clean, non-corrosive condensate water which can be directed to an existing drain or condensate pump