Current Incentives & Rebate Programs
New Mexico residents can now access a range of programs designed to help you save on energy costs and make your home or business more sustainable. Whether you’re interested in upgrading to energy-efficient appliances, installing solar panels, or making other improvements, there are rebates and tax credits available to support your efforts.
Explore the programs below to find out how you can benefit from these incentives and start saving on your energy bills today.
What programs are available?
We invite you to explore our resources and learn how you can contribute to a sustainable future while enjoying significant savings.
Home Electrification and Appliance Rebates (HEAR)
Point-of-sale rebates for income eligible households on electric appliances and select home improvement projects, which can lower energy bills.
Energy Conserving Products (ECP)
Tax incentive for homeowners and businesses for the installation of energy efficient products and electrification measures in existing homes and businesses.
Sustainable Building Tax Credit (SBTC)
Tax incentive for cutting-edge sustainable building practices, as well as energy-efficient products and appliances.
Agricultural Biomass Income Tax Credit
Tax incentive available to owners of dairies or feedlots for the transportation of agricultural biomass to generate electricity or fuel.
New Solar Market Development Tax Credit (NSMDTC)
Harness the power of the sun to generate clean, renewable energy for your home or business.
Clean Car State Tax Credit
This State tax credit is available to individuals or businesses that purchase or lease a qualifying new or used clean vehicle before January 1, 2030.
Clean Car Charging Unit State Tax Credit
State tax credit for home and commercial vehicle chargers.
Geothermal Ground Coupled Heat Pump Tax Credit
Tax credit for the purchase and installation of geothermal ground coupled heat pump systems.
Advanced Energy Equipment Tax Credit
Tax credit for clean energy technology manufacturing equipment.
Geothermal Electricity Generation Tax Credit
Per-kilowatt-hour tax credit for geothermal electricity generation.
Energy Efficiency Revolving Loan Fund
Low-interest loans for energy efficiency audits and retrofits.
Energy Savings Performance Contracts
Cost-effective option for public entities to implement energy efficiency retrofits.
Community Energy Efficiency Development Program
Grants to local and tribal governments for home energy upgrades for income-qualified households.
Grid Modernization Program
Grants to improve electric distribution and transmission infrastructure.
Preventing Outages While Enhancing Resilience (POWER) Program
Grants to increase community energy resilience and grow the sustainability workforce.
Ready to take advantage of incentives for energy-saving products?
Programs Coming Soon
These upcoming programs will offer financial support for various energy-efficient projects and renewable energy installations. Explore the list of what’s coming soon, and be prepared to take advantage of these opportunities as soon as they launch.
Home Efficiency Rebates (HER)
Rebates for income–eligible households on whole-home energy efficiency improvements.
Solar for All Program
Grants for low-income residential solar power systems. (Note: The Solar for All program is currently paused after the EPA moved to terminate all SFA grants.)