Frequently Asked Questions: Business Energy Efficiency Programs
What are the Business Energy Efficiency Programs?
- Answer: PNM offers rebates and services to electric customers to reduce the initial cost of energy efficiency improvements and shorten the investment payback period. The PNM Business Energy Efficiency programs make it easier for businesses to increase energy efficiency and reduce long-term operating costs. These upgrades can also improve comfort and boost productivity. The programs consist of three components: Retrofit Program, New Construction Program and PNM QuickSaver.
What is the Retrofit Rebate Program?
- Answer: PNM offers pre-set and custom rebates to business customers to install energy-efficient equipment in their existing facilities such as lighting, HVAC, Motors and Refrigeration. Rebates pay approximately $0.06 per kWh saved.
Who is eligible for a Retrofit rebate?
- Answer: The Retrofit Rebate Program is open to all PNM commercial, industrial and government customers. Eligible rate classes include small power, general power, large power, water and sewage rate and the mining rate.
What is the New Construction Program?
- Answer: PNM business customers can apply for rebates for implementing more efficient designs and for conducting enhanced building commissioning in new construction. The New Construction Rebate is based on achieving 10 percent to 20 percent electric energy savings above the current New Mexico State Code. If eligible, PNM will pay a rebate of $0.08 per kWh saved for these new construction whole building projects. Projects that save more than 20 percent above current New Mexico State code receive $0.10 per kWh saved.
Who is eligible for a Retrofit/New Construction Program rebate?
- Answer: These rebates are open to all PNM commercial, industrial and government customers. Eligible rate classes include small power, general power, large power, water and sewage rate and the mining rate.
How does a business receive a rebate for a Retrofit/New Construction project?
- Answer: PA business customer can submit an application after a project is completed, or an approved Trade Ally can submit an application on their behalf. Either way the application must be submitted within six months of project completion. Pre-approval of applications is strongly advised, but not required except for full fixture replacement watt reduction, de-lamping, and screw in/hard-wired CFLs for dwelling units. Other requirements include: projects must include a capital investment; incentives capped at 50 percent of project cost (does not include internal labor); PNM will inspect a portion of all projects; and Customers, Trade Ally, or third parties can receive rebate.
What is a Trade Ally?
- Answer: The PNM Business Energy Efficiency Program works closely with contractors, engineers and energy-saving product wholesalers, distributors and retailers who receive training on the program and understand program rules and procedures. The Trade Allies play an important role in educating business customers about energy efficiency programs and rebates. Trade Allies receive ongoing program support and guidance and work closely with program staff and engineers.
What are the benefits of being a Trade Ally?
- Answer: Some of the benefits include helping PNM's business customers lower up-front project costs. Trade Allies are listed on the program site where customers looking for industry professionals with program knowledge can find a trade ally. There are also networking opportunities with PNM Account Managers and other Trade Allies. Trade Allies also have access to program marketing materials that help the trade ally sell energy efficient products and equipment.
What is PNM QuickSaver?
- Answer: PNM QuickSaver is a program open to Small Businesses with an average monthly peak demand of 100 kW or less. This program helps customers realize payback of one to two years for lighting and refrigeration upgrades.
How does PNM QuickSaver work?
- Answer: A PNM-approved contractor does an on-site energy assessment and presents proposal. If small business approves the proposal, the contractor will file necessary paperwork and complete the work, which is limited to lighting and refrigeration measurements.
How does a small business receive a QuickSaver rebate?
- Answer: QuickSaver project rebates are paid to the contractor and are included in the overall project cost, and the customer is responsible for the balance. On average, the rebate covers approximately 60 percent of the upfront project cost and the payback, which includes electric energy savings on the utility bill, is less than a year.