PNM - Commercial Energy Efficiency Rebate Program

April 14, 2023


PNM provides a range of incentives for commercial customers to increase the efficiency existing facilities. Eligible equipment includes energy efficient lighting, HVAC, refrigeration, and motors, among others. The incentives vary based on the equipment. Customers may also receive incentives for custom efficiency measures not included in the prescriptive program.

Small to medium sized businesses (maximum monthly peak demand of 200 kW per meter) can also enroll in the PNM Quick Saver program. A participating PNM Quick Saver contractor does an onsite energy assessment to identify energy-saving opportunities and presents a proposal to the customer. If the customer approves the proposal, the contractor files the necessary paperwork with PNM and installs the new equipment. On average, PNM pays 65% or more of the project costs directly to the contractor, and the customer pays the balance.

For more information, including specific details on equipment requirements, visit the program web site.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: New Mexico
Incentive Type: Rebate Program
Web Site:
Administrator: PNM
Start Date:
Eligible Renewable/Other Technologies:
  • Lighting
  • Lighting Controls/Sensors
  • Chillers
  • Heat pumps
  • Air conditioners
  • Motors
  • Motor VFDs
  • Custom/Others pending approval
  • Food Service Equipment
  • Commercial Refrigeration Equipment
Incentive Amount: Lighting: $0.15-$4.00/unit (see application for details)
Occupancy Sensors: $0.15/W Controlled
Daylighting Sensor Controls: $0.09/W Controlled
Unitary and Split AC: $25/ton, plus $15 bonus efficiency incentive
Air-Source Heat Pumps: $40/ton, plus $15 bonus efficiency incentive
Chillers: $20-$40/ton, plus $20 bonus efficiency incentive
Packaged Terminal AC: $50/ton
Packaged Terminal HP: $100/ton
Variable Refrigerant Flow HP: $40/ton, plus $25 bonus efficiency incentive
Hotel Guest Room Occupancy Sensor: $60/ton per room
Indirect Evaporative Cooling: $100/ton
Motors: $2-$625/motor
Variable Frequency Drives: $50/HP
Pool Pump: $100
Food Service Equipment: $100-$1800/unit
High Efficiency Ice Makers: $100-$250/unit
3-Phase High Frequency Battery Charger: $200
Custom: $0.080/kWh
Horticultural Lighting: $0.60/kWh
Maximum Incentive: 100% of incremental measure costs or 50% of total project costs
Equipment Requirements: Review Program Application


Name: PNM Business Efficiency Team
Address: 320 Gold Ave SW, Suite 600
Albuquerque NM 87102
Phone: (505) 938-9400

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.