Water Heating Rebates
Save up to $300 on Gas Water Heaters
New Mexico Gas Company offers instant rebates from $115 to $300 when you have a participating contractor install a high efficiency ENERGY STAR® certified gas water heater in your home. Get rebates on qualifying natural gas tankless and tank water heater models. Select models also qualify for an additional $300 Federal tax credit.
Benefits of ENERGY STAR Certified Water Heaters
1
Energy and Cost Savings
Cut your water heating costs by up to 30% and save as much as $50 annually on gas bills.
2
Continuous Hot Water
Enjoy a constant flow of hot water in every shower—even when you have a full house.
3
Space-Saving Design
Save a closet’s worth of space in your home with small, wall-mounted models.
4
Rebates
Save up to $300 on your purchase when you have a participating contractor install your unit.
How It Works
Qualifying water heaters must be purchased on or after April 1, 2025 and installed by March 31, 2026. Rebate applications must be received by April 30, 2026. See Program Terms and Conditions for additional details.
| Available Rebates | ||
|---|---|---|
| Equipment Type | Efficiency Rating (UEF) | Instant Rebate Amount |
| Tankless Water Heater | UEF .87 or higher | $300 |
| Tank Water Heater | ≤ 55 Gallons - UEF .64 or higher | $115 |
| Tank Water Heater | > 55 Gallons - UEF .78 or higher | $115 |
Customers who receive natural gas service from New Mexico Gas Company, as evidenced by the New Mexico Gas Company residential customer account number, are eligible.
How to Participate
Start saving on your water heating costs in four easy steps:
1
Find a participating contractor
2
Work with your participating contractor to identify the best, energy-efficient equipment for your home’s unique needs
3
Choose your upgrades and have your participating contractor perform the installations
4
See your NMGC instant rebate on your invoice
