Cooling and Heat Pump Rebates

Beat the heat with PNM cooling rebates. Get up to $400 when you upgrade your air conditioning unit.

The PNM Cooling rebate helps reduce 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 options include several technologies that qualify for a rebate. The PNM Cooling program rebates are on a first come, first serve, basis and are for a limited time only. Once the program reaches its maximum capacity for the year, it will resume the next calendar year. The rebate paid will not exceed the purchase price of the product excluding taxes, shipping, and installation charges.

Rebate Information

There are several types of rebates available depending on the type of unit you are interested in. Below is a list that will provide some detailed information on how to receive the rebate.


Large Evaporative Units

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. The advantages can be that they work very well in dry climates and costs less to purchase, install, and operate. The disadvantages can be that they add moisture to the air, so it may not work as well on humid days and it may negatively affect indoor air quality.

Advanced evaporative cooling rebates are available for up to $300 for down-draft or side-draft evaporative cooling units with 12-inch rigid media. Some units are available with 8-inch media, which do not qualify for a rebate; please refer to qualifying models list and rebate form.

See qualifying large evaporative units here. PDF Document

Download mail in rebate form here.PDF Document

Submit rebate form online.

For property landlords - Rebates waiver form PDF Document

 


Window-Mounted Evaporative Units

 

Rebates up to $100 are available for advanced evaporative window-mounted units with rigid media. Window/wall-mounted units are more convenient for maintenance and reduce the change of roof leaks. Window-mounted units blow cooled air into the house either into a central location, which can be effective for small homes. To ensure effective distribution, you'll need to know how much air the unit needs to move to cool your home, which is measured in cubic feet per minute. Before you purchase your window/wall-mounted unit, review the list of units that qualify you for a rebate.

See qualifying window-mounted evaporative units here. PDF Document

Download mail in rebate form here. PDF Document

Submit rebate form online.

For property landlords - Rebates waiver form PDF Document


Room Air Conditioning Units

Rebates up to $25 are available for ENERGY STARĀ® room air conditioning units. There are different types of room refrigerated air conditioning units which can include room units or window units. These are not evaporative (swamp) window-mounted units. ENERGY STARĀ® Room Air Conditioners use 10 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.

See qualifying room air conditioning units here.PDF Document

Download mail in rebate form here.PDF Document

Submit rebate form online.

For property landlords - Rebates waiver form PDF Document


Large Refrigerated Air Conditioning Units

Rebates up to $400 are available for the purchase and installation of a qualifying refrigerated air conditioning unit.

To be eligible for a PNM rebate, the contractor installing your refrigerated air unit must be registered through the PNM cooling program. The list of registered cooling program contractors can be found here. For questions, contact the PNM cooling program specialists, at 1-866-678-5163.

Refrigerated air conditioners, sometimes referred to as "forced air", use a refrigerant and are designed to change the air temperature and humidity. The advantages include it working well in all climates, does not add humidity to inside air, and can improve indoor air quality. The disadvantages can be that there are generally higher costs to purchase, install, and operate. If you are thinking of switching from evaporative cooling to refrigerated air, then find out how your electric bill will be affected.

Refrigerated air conditioners that meet CEE (Consortium for Energy Efficiency) standards operate more efficiently than equipment that has not earned this distinction. Determining if your large refrigerated air unit qualifies for a rebate involves more qualifications than other cooling types on this page and navigating through the CEE qualification directory can be challenging at times.

Available Rebates

PNM offers 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. If you are considering a refrigerated air conditioner, check with your registered contractor to see if the system you are considering is CEE-qualified. Contractors may also visit the directory below for your systems AHRI certificate, which is required for the rebate application.

Download mail in rebate form here. PDF Document

Submit rebate form online.

For property landlords - Rebates waiver form PDF Document

Contractors only: Locate your systems AHRI certificate

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 the system's components into the CEE database above.

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 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. 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.

How to get two rebates for your refrigerated air conditioning unit

You may be eligible for an additional rebate for your unit if you already have refrigerated air conditioning, and your unit is still working, but you would like to upgrade to a more efficient model. Please refer to the PNM Home Energy Checkup Program for details or call 855-775-6491 for assistance.


Smart Thermostats

Smart thermostats provide unprecedented levels of control on heating and cooling systems. With an HVAC system representing on average the largest energy consumption category in a household, every bit of control a user has to save energy is huge.

Qualifying Units

See qualifying ENERGY STAR smart thermostats here.PDF Document

Submit rebate form online.

For property landlords - Rebates waiver form PDF Document

Smart thermostats that earn the ENERGY STAR label have been independently certified, based on actual field data, to deliver energy savings. While system designs may vary, common smart thermostat features include:

Convenience

  • Many smart thermostats learn your temperature preferences and establish a schedule that automatically adjusts to energy saving temperatures when you are asleep or away.
  • Geofencing allows your smart thermostat to know when you are on the way home and automatically adjusts your home's temperature to your liking.

Control

  • Wi-Fi enabled thermostats allow you to control your home's heating and cooling remotely through your smartphone.
  • ENERGY STAR certified smart thermostats quickly enter a low-power standby mode when inactive.

Insight

  • Smart thermostats provide equipment use and temperature data you can track and manage.
  • Periodic software updates ensure your smart thermostat is using the latest algorithms and energy-saving features available.

It's important to know that Smart Thermostats installed by the homeowner or on a stand-alone basis are not eligible for the rebate. The thermostats must be installed at the time of the air conditioner or heat pump installation.


Heat Pumps

Rebates up to $400 are available for the purchase and installation of a qualifying heat pump unit. To be eligible for a PNM rebate, the contractor installing your refrigerated air unit must be registered through the PNM cooling program. For questions, contact the PNM cooling program specialists, at 1-866-678-5163.

Available Rebates

PNM offers 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. If you are considering a refrigerated air conditioner, check with your registered contractor to see if the system you are considering is CEE-qualified. Contractors may also visit the directory below for your systems AHRI certificate, which is required for the rebate application.

Find a registered cooling program contractor.PDF Document

Download the rebate form here.PDF Document

Submit rebate form online.

For property landlords - Rebates waiver form PDF Document

Contractors only: Locate your systems AHRI certificate

More information about CEE Tier 1, Tier 2 or Tier 3

Heat pumps offer an energy efficient alternative to furnaces and air conditioners. Like your refrigerator, heat pumps use electricity to move heat from a cool space to a warm space, making the cool space cooler and the warm space warmer.

The most common type of heat pump is the air-source heat pump, which transfers heat between your house and the outside air and can reduce your electricity use for heating significantly compared to electric resistance heating such as furnaces and baseboard heaters. For homes without ducts, air-source heat pumps are also available in a ductless version called a mini-split heat pump. Geothermal heat pumps achieve higher efficiencies by transferring heat between your house and the ground or a nearby water source. Although they cost more to install, geothermal heat pumps have low operating costs because they take advantage of relatively constant ground or water temperatures.

PNM offers 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. If you are considering a refrigerated air conditioner, check with your registered contractor to see if the system you are considering is CEE-qualified. Contractors may also visit the directory for your systems AHRI certificate, which is required for the rebate application.

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 heat pump itself. The CEE Certificate number can be found by entering the model numbers of all the system's components into the CEE database above.

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 heat pump 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 heat pump 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.

Check for Other Available Rebates

You may be eligible for an additional rebate for your unit if you already have refrigerated air conditioning, and your unit is still working, but you would like to upgrade to a more efficient model. Please refer to the PNM Home Energy Checkup Program for details or call 1-855-775-6491 for assistance.

 

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, 2020 through December 31, 2020 (for all cooling measures except for HVAC or Heat Pump units) or while rebate funds are available for this program.  PNM will no longer accept rebate requests for 2019 purchases after June 30, 2020. Rebates will be paid while funds are available. Limit two (2) rebates per PNM residential electric customer account. Complete terms and conditions

Updated 7-6-20