PNM - Commercial Energy Efficiency Rebate Program (New Mexico)

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Last modified on February 12, 2015.

Financial Incentive Program

Place New Mexico

Name PNM - Commercial Energy Efficiency Rebate Program
Incentive Type Utility Rebate Program
Applicable Sector Commercial
Eligible Technologies Central Air conditioners, Chillers, Comprehensive Measures/Whole Building, Custom/Others pending approval, Energy Mgmt. Systems/Building Controls, Heat pumps, Lighting, Lighting Controls/Sensors, Windows, LED Exit Signs, Evaporative Coolers, Vending Machine Controls, Food Service Equipment, Room Air Conditioners, LED Lighting
Active Incentive Yes
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount Interior Lighting

Screw-In CFLs: $1 - $2
Hardwired CFLs: $5 - $40
Lamp Removal: $3 - $10
T5/T8/T12 Lamps and Electronic Ballast: $0.50 - $4
High Bay T5/T8 Fixtures and Electronic Ballast: $0.30/watt reduction
LED Interior Lamps/Fixtures: $12 - $20
LED Signage: $8 - $25/Sign or Letter
Metal Halide Fixtures: $8 - $65
Cold Cathode/CFL Lamps: $3 - $5
Interior Lighting Controls/Sensors: $0.06/controlled watt

Exterior Lighting
LED Signage: $5 - $20
Bi-Level LED Parking/Wall Pack Fixture: $60
Cold Cathode Lamp: $3
Screw-In, Dimmable CFL Lamp (High-Wattage): $15
Metal Halide Fixtures: $20 - $65
LED/Induction Fixtures: $40 - $60
Hardwired CFL Fixtures: $20 - $40
T5/T8 Fixtures and Electronic Ballast: $0.30/watt reduction
Bi-Level Stairwell/Hall/Garage Fixture with Sensors: $20

Unitary and Split AC/Air Source Heat Pumps: $15 - $20/ton, plus bonus incentives
Water-Cooled Chillers: $15/ton, plus bonus incentives
Air-Cooled Chillers: $30/ton, plus bonus incentives
Package Terminal AC/Heat Pump: $20/ton
Hotel Guest Room Occupancy Sensor: $80

Building Envelope
Window Film: $0.60/sq. ft. of glazing

Refrigeration and Food Service
Commercial Freezers: $100 - $350
EC Motor/Motor Fan Controller: $25 - $40
Curtains/Covers: Varies by sq. ft. and ln. ft.
LED Refrigerated Case Lighting: $30/door
Energy Efficient Ice Machines: $100 - $400
Steam Cookers: $400
Ovens: $800
Hot Holding Cabinet: $200 - $400
Vending/Cooler Machine Controls: $25 - 120
Plug Load Occupancy Sensors: $25

Premium Efficiency Motors: $1 - $75 per 0.1% efficiency improvement above baseline efficiency level
Variable Speed Drives on HVAC Motors: $50

Custom, Whole Building and New Construction
Custom Measures: $0.06/estimated first year kilowatt hour (kWh) savings
New Construction Whole Building 10%-20% Savings: $0.08/kWh
New Construction Whole Building 20% Savings or more: $0.10/kWh
Lighting Whole Building: $0.30/watt reduced

Equipment Requirements Review Program Worksheet

Maximum Incentive 100% of incremental measure costs or 50% of total project costs

Program Administrator PNM

References DSIRE[1]


PNM provides a range of incentives for commercial customers to increase the efficiency of new and existing facilities. Buildings which exceed the current building code by 10% can get 8 cents per estimated first year kilowatt hours saved. Buildings which exceed the current building code by 20% can get 10 cents per estimated first year kilowatt hours saved. Buildings projects which utilize enhanced commissioning may also receive additional incentives.

In addition to these incentives, there are also pre-set menu options that allow a commercial customer to choose from a list of approved equipment with set rebate amounts. Eligible equipment includes energy efficient lighting, HVAC, refrigeration, and motors. The incentives vary based on the equipment. Customers may also receive incentives for custom efficiency measures not included in the prescriptive program. Custom incentives are worth $0.06 per estimated first year kilowatt hour (kWh) savings.

Small to medium sized businesses (maximum monthly peak demand of 100 kW per meter) can also enroll in a power saving program which allows for reduced- to no-cost energy efficient lighting and refrigeration retrofits, as well as incentives to remotely cycle off air conditioners during peak periods. Large commercial customers can participate in PNM's Peak Saver Program and receive incentives based on the amount of electricity managed by the PNM Peak Saver program.

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

Incentive Contact

Contact Name New Construction and Retrofit Rebates
Department PNM
Address 2001 N. 3rd Street, Suite 206
Place Albuquerque, New Mexico
Zip/Postal Code 87158-0001
Phone (505) 938-9400
Phone 2 (877) 607 - 0741
Fax (877) 607 - 0742

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"