Find Energy Incentives

New Mexico provides a 10% personal income tax credit (up to $6,000) for taxpayers that own a residence, business, or agricultural enterprise who purchase and install certified photovoltaic (PV) and so...

H.B. 15, enacted in April 2021, established a new version of the personal tax credit and corporate tax credit for sustainable buildings in New Mexico. The tax credits apply to both commercial and resi...

H.B. 171 of 2010 created a tax credit for agricultural biomass from a dairy or feedlot transported to a facility that uses agricultural biomass to generate electricity or make biocrude or other liquid...

H.B. 171 of 2010 created a tax credit for agricultural biomass from a dairy or feedlot transported to a facility that uses agricultural biomass to generate electricity or make biocrude or other liquid...

Note: The Federal Inflation Reduction Act (IRA) created the Home Electrification and Appliance Rebate (HEAR) Program. The IRA established the main parameters for this program, but allowed the states t...

H.B. 15, enacted in April 2021, established a new version of the personal tax credit and corporate tax credit for sustainable buildings in New Mexico. The tax credits apply to both commercial and resi...

Note: This program was replaced by the 2021 Sustainable Building Tax Credit.S.B. 463, enacted in April 2007, established a personal tax credit and a corporate tax credit for sustainable buildings in N...

Note: This program was replaced by the 2021 Sustainable Building Tax Credit.S.B. 463, enacted in April 2007, established a personal tax credit and a corporate tax credit for sustainable buildings in N...

The Drinking Water State Revolving Loan Fund provides low-cost financial assistance to eligible public water systems to finance the cost of repair and replacement of drinking water infrastructure, mai...

Note: Energy efficiency program appointments and rebates are on a first-come, first-served basis and are for a limited time only. Once a program reaches its maximum capacity for the year, the program ...

The New Mexico Gas Company Commercial Energy Efficiency programs provide energy savings for businesses using natural gas for cooking and water heating. Prescriptive incentives for specified equipment ...

The New Mexico Gas Company provides incentives for energy saving measures and improvements for residential gas customers. Rebates vary depending on whether they are installed in a new home or an exist...

In March 2004, New Mexico’s governor signed into law the Renewable Energy Act (S.B. 43 (2024)), creating a state renewable portfolio standard (RPS). By 2020, investor-owned utilities (IOUs) are requir...

Current RequirementsH.B. 291 of 2019 updated the energy savings goal for utilities to be 5% savings relative to 2020 retail sales between 2021-2025. Origin In 2008, New Mexico enacted H.B. 305, the Ef...

Xcel Energy's Residential Energy Efficiency Rebate Program provides incentives to install energy efficiency measures in Xcel service territory. See their website for details.

H.B. 375, enacted in April 2009, created a tax credit in New Mexico for geothermal heat pumps purchased and installed between January 1, 2010, and December 31, 2020, on property owned by the taxpayer....

H.B. 375, enacted in April 2009, created a New Mexico state tax credit for geothermal heat pumps purchased and installed between January 1, 2010, and December 31, 2020, on property owned by the taxpay...

Note: El Paso Electric previously offered a Renewable Energy Tariff Program, but it is no longer available. In addition to meeting the requirements of the state renewable portfolio standard, the New M...

The Efficient Use of Energy Act of 2005 allows public electric and natural gas utilities to implement cost-effective energy reduction programs. The programs may be funded through a tariff rider for en...

The New Mexico system benefits charge was replaced with the passing of the Efficient Use of Energy Act. As part of New Mexico's Electric Utility Industry Restructuring Act of 1999 the legislature crea...