Rebates and Discounts For Your Home

Conserving energy is not only good for our environment, it's good for reducing your carbon footprint and can reduce the amount you pay on your electric bill. We've made a promise to take care of our environment now and for future generations.  Part of that promise is helping you know about all the energy efficiency programs that can help you achieve your home energy use goals. Here are all the ways you can get started toward saving energy and money.


 PNM Home Energy Checkup

A free PNM Home Energy Checkup will help you save energy in your home and money on your bill. An energy specialist will perform an in-home visit or meet with you through a video call appointment to analyze how your home uses energy. They will provide you with energy-saving devices and will share rebates you may qualify for to save even more

 Refrigerator & Freezer Recycling 

Recycling your old, working refrigerator or freezer could help you cut your energy use by up to 20 percent. Plus, when you recycle it, we will pick it up for free and send you a check. Energy conservation made simple so you save money.

 PNM Instant Discounts at the register

All PNM customers can receive an instant discount at the register when you buy qualifying ENERGY STARĀ® energy-efficient products. These can be found at several participating retailers. Just look for the PNM logo.

Instant, Online, & Mail-In Rebates

If you need to buy a new washer & dryer, refrigerator, freezer, or dishwasher there are a couple of ways for you to get a rebate on ENERGY STARĀ® certified, energy-efficient appliances. We offer several instant rebates, and online and mail-in rebates for you to take advantage of. Check with us first to see which appliances qualify for great rebates. 

 Evaporative Cooling Rebates 

Reduce the cost of purchasing and installing certain energy-efficient cooling equipment in your home. We have several rebates on many different types of cooling units.

Free A/C Tune-up

Get a free PNM A/C Tune-up on your refrigerated air conditioner and increase the efficiency of your unit which will help you save money on your electric bill.

 PNM Power Saver Program

If you have a refrigerated air conditioner or heat pump, you can be a part of the solution. The PNM Power Saver program helps reduce electric usage during times of peak demand in your area. You still control your thermostat the way you normally would, but on some hot summer weekday afternoons, when the electricity demand is high, your air conditioner or heat pump will automatically be put into conservation mode for a short period of time. By participating in the program, new customers will receive a one-time $75 check for signing up and we will give you a $25 annual Thank You check for each year you participate. Learn more about enrolling in the program.


 PNM Cooling Midstream Program 

Refrigerated air systems and heat pumps qualify for a discount through the PNM Heating and Cooling Midstream program where you can work with a contractor or distributor who will pass the savings on to you.


New Home Construction

If you are looking to buy or build a new home and energy efficiency is on your list, you are in the right place. New Mexico High-Performance New Homes have energy efficiency built in that provides you energy savings from the start.



Stay Informed about Rebates & Savings

If you would like to stay informed about new energy efficiency and conservation programs and rebate and incentive information, please join our mailing list. We'll make sure you always know about all the ways to save money and live a more energy-efficient lifestyle. 

Join the PNM Energy Efficiency Programs Email List 

Energy efficiency program appointments and rebates are on a first-come, first-served basis and are for a limited time only. Once the program reaches its maximum capacity this year, the program will resume the next calendar year.


Updated February 14th, 2024

FAQs: Rebates and Discounts

  • Where does the money come from to pay for these programs?
    • Funding for electric rebates for residential customers comes from the Electric Energy Efficiency line item on your PNM energy bill.
  • Do all customers qualify to participate?
    • Yes. All residential customers can participate in our energy efficiency programs.
  • Is there a limit to the number of refrigerators I can recycle?
    • Yes. Residential customers can recycle two (2) refrigerators or freezers per account.
  • Can I sign up for Power Saver if I have evaporative (swamp) cooling?
    • No. This program is only for customers with refrigerated air conditioning.

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