Xcel Energy (Electric) - Commercial Energy Efficiency Rebate Program

January 13, 2023


Xcel Energy offers a variety of incentives to commercial and industrial customers in the New Mexico service territory. Custom rebates and in-depth energy studies are also available through Xcel Energy's program. View the program website listed above and contact Xcel Energy for more information on this offering. Xcel offers rebates for Motor and Drive Efficiency, Compressed Air, Cooling Efficiency, Lighting, and Custom Efficiency Programs. A full program guidebook of incentives is available here.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: New Mexico
Incentive Type: Rebate Program
Web Site: https://nm.my.xcelenergy.com/s/business/ways-to-save
Start Date:
Eligible Renewable/Other Technologies:
  • Lighting
  • Lighting Controls/Sensors
  • Chillers
  • Heat pumps
  • Air conditioners
  • Compressed air
  • Energy Mgmt. Systems/Building Controls
  • Motors
  • Motor VFDs
  • Comprehensive Measures/Whole Building
  • Custom/Others pending approval
Incentive Amount: Building Tune-Up: Discounted audit with up to $400/kW in additional rebate
Cooling Efficiency: Varies, see program website
Lighting Efficiency: Varies, see program website
Lighting Efficiency (New Construction): Up to $400/kW
Motor Efficiency: $25 - $5,500
Drive Efficiency: $400 - $10,500
Compressed Air: $1,000 - $7,000 with various additional rebates
Pump-Off Controllers: Up to $3,000 per unit
Custom: Up to $400/kW saved
Maximum Incentive: None specified
Eligible System Size: See program website
Equipment Requirements: See program website
Installation Requirements: Small Business Lighting: Must be at a Small or Mid-sized business with peak demand of 400 kW or less.
Ownership of Renewable Energy Credits: N/A


Name: Business Solutions Center Xcel Energy
Phone: (855) 839-8862
Email: energyefficiency@xcelenergy.com

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.