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Rebates on Evaporative, Refrigerated Air and Heat Pumps

The PNM Cooling Rebate program reduces the cost for residential customers to purchase and install certain energy-efficient cooling equipment in their homes. There are two main ways to cool your home, evaporative cooling and refrigerated air conditioning. Both of these options include several technologies that qualify for a rebate.

Evaporative Cooling: 

Evaporative Cooling, sometimes referred to as "swamp cooling" is used to lower air temperature by using the process of evaporation. Warm dry air is changed to cool, moist air and the heat of the outside air is used to evaporate water, causing a cooling effect.

Advantages: Works very well in dry climates; lower cost to purchase, install, and operate

Disadvantages: Adds moisture to the air, so it may not work as well on humid days; may negatively affect indoor air quality

Advanced Evaporative Cooling Rebates Table

Apply online

Submit your rebate application online and get your rebate faster

Rebate Form

Download mail-in rebate form 

Refrigerated Air Conditioning:

Refrigerated air conditioners use a refrigerant and are designed to change the air temperature and humidity. 

Advantages: Works well in all climates; does not add humidity to inside air; can improve indoor air quality

Disadvantages: Generally higher costs to purchase, install, and operate.

Thinking of switching from evaporative cooling to refrigerated air? Find out how your electric bill will be affected.

ENERGY STAR® Room Air Conditioners use 15 percent less energy than conventional models and often include timers, which allow you to use the minimum amount of energy needed to cool a room.

Refrigerated Air Conditioners that meet CEE (Consortium for Energy Efficiency) standards operate more efficiently than equipment that has not earned this distinction. PNM is offering rebates for CEE Tier 1, Tier 2 and Tier 3 refrigerated air conditioners. By choosing CEE-qualified cooling equipment and taking steps to optimize its performance, you can enhance the comfort of your home while saving energy. PNM has recently added heat pumps and ductless mini-split systems to the PNM Cooling Rebate Program. 

If you already have refrigerated air conditioning, and your unit is still working but you would like to upgrade to a more efficient model, you may be eligible for an additional rebate. Please refer to the PNM Home Energy Checkup Program for details.

Refrigerated Air Conditioning Rebates Table

Apply Online

Apply online and get your rebate faster

Rebate Forms

The PNM CEE Tier 1 , Tier 2 or Tier 3 rebate is based on the efficiency of the entire system, and not just the SEER rating of the air conditioner itself. The CEE Certificate number can be found by entering the model numbers of all of the system's components in to the CEE database (

Air conditioners and heat pumps that are rated 13, 15, 16, 18, or even 22 SEER by a manufacturer can vary in efficiency depending on the other equipment used in the system. Typical system components include the air conditioner, indoor coil, and furnace. With a higher SEER rating you generally get more built-in upgrades, advanced technology and a longer warranty, and like miles per gallon in your vehicle, the higher a system SEER rating the further your dollars will go cooling your home. Installing a new, matched air conditioning system on your home can save you up to 20 - 50% on your cooling costs, depending on the efficiency of the system. But having an 18 SEER air conditioner that is not part of a matched system installed on your home could result in a system that is only operating at 13 SEER or less.

Choosing a qualified contractor is a key step in ensuring your new refrigerated air conditioning or heat pump system matches your homes heating or cooling requirements and that it is properly installed to achieve maximum efficiency and comfort. PNM recommends obtaining at least three competitive bids from experienced contractors licensed to do HVAC installation work in NM. Having a new air conditioning or heat pump system installed is a significant investment in your home. Hiring a contractor unfamiliar with industry best practices for selecting, sizing and installing equipment can lead to issues with performance and safety. Contractors should be familiar with the AHRI (Air Conditioning, Heating and Refrigeration Institute) database lookup to identify and select HVAC systems that qualify for Tier 1, 2 or 3 incentives. Contractors must provide homeowners with a certificate from the AHRI database that the system being installed is qualified for rebate. Reputable contractors typically post their license information on their website and promotional literature. You can search for licensed contractor at this link PNM does not endorse, recommend or warranty any specific contractors or their work.

PNM customers are eligible to a rebate from PNM when they purchase and install eligible cooling equipment (the "Energy Conservation Measure"). This rebate is good for purchases made January 1, 2016 through December 31, 2016 or while rebate funds are available for this program. PNM will only pay CEE Tier 2 and Tier 3 rebates for air conditioning systems installed on or after April 29, 2015. Systems purchased prior to April 29, 2015 are only eligible for the CEE Tier 1 rebate. PNM is no longer accepting rebate requests for 2014 purchases. Rebates will be paid while funds are available. Limit two (2) rebates per PNM residential electric customer account. Complete terms and conditions (.pdf)