Why eBikes?
Because sometimes the best way to beat traffic, save money, and enjoy the sunshine is to skip the car altogether. Whether you're commuting, running errands, or just cruising to your favorite coffee shop, eBikes can help reduce vehicle miles while keeping your travel efficient and electrified.
- Residential Customers:
Customers can receive up to $250 - Income-Qualified Customers:
Eligible for up to $1,000 (all funds for this rebate have been allocated)
Start Your Electric Journey Here
- STEP 1: Find a participating eBike retailer near you
PNM has partnered with trusted bike shops across New Mexico to make your rebate experience smooth and simple. - STEP 2: Pick the right eBike for you
These retailers are ready to help you pick the perfect eBike and apply your rebate right at checkout. Choose a qualifying eBike that meets the program requirements. - STEP 3: Go ALL electric and purchase your ride!
Once you've picked your dream eBike from a participating shop, the rest is easy. The retailer handles the rebate right then and there - no paperwork required. Just verify your eligibility, grab your handlebars, and ride into your electric future.
Participating eBike Retailers
Fat Tire Cycles - Montano
Fat Tire Cycles - Corrales
Fat Tire Cycles - Foothills
PNM Customer Eligibility Requirements
Eligible customers are limited to one (1) rebate per service address (either market-rate or income-qualified). To qualify for the rebate, customers must meet the following criteria:
- Be a PNM residential customer
- Able to show photo ID and proof of PNM service address at point-of-sale
- Purchase the qualifying eBike through a participating retailer
- If claiming the income-qualified rebate, applicants must self-certify as income-qualified
2026 Federal Poverty Guidelines
To be income-qualified, your household income must be at or below 200% of the Federal Poverty Guidelines based on the number of people in your home. The income limits are updated each year. If your household income falls within these limits, you may qualify for enhanced rebates through PNM's Transportation Electrification Program.
The following table reflects 48 Contiguous States (all states except Alaska and Hawaii). Click here for more information about the poverty guidelines.
| Household/Family Size | 200% of Poverty Guideline |
|---|---|
| 1 | $31,920.00 |
| 2 | $43,280.00 |
| 3 | $54,640.00 |
| 4 | $66,000.00 |
| 5 | $77,360.00 |
eBike Eligibility Requirements
- Must be intended for transportation (not purely recreational)
- Must use an electric motor that is 750 watts or less and must not be gasoline-powered
- May be any class of eBike (per the State of New Mexico's eBike definition). Includes an electrical assisted bicycle with a motor that provides assistance:
- Class 1: Pedal-assist only with a motor that stops at 20 mph; allowed on most bike lanes and multi-use paths unless locally restricted
- Class 2: Features a throttle for motor-powered riding with out pedaling, also capped at 20 mph, but may face more path and trail restrictions
- Class 3: Pedal-assist only with motor support up to 28 mph, requires a speedometer, and is limited to riders age 16+ with use typically restricted from pedestrian paths unless permitted locally
- Must include a rechargeable battery (attached or detachable)
Explore Residential EV Charger Rebates
PNM makes it convenient to charge EV's at home by providing rebates for qualified home chargers and installation.
Income-Qualified EV Purchase Rebate
Income-Qualified PNM customers can save $4,000 off of the purchase or lease of a new or used electric vehicle, instantly.
Already Driving Electric? Let¿s Stay Connected.
Join the PNM EV Community to get the latest on rebates, upcoming programs, and exclusive savings for EV owners.