New Homes Rebates
Save on an Energy-Efficient New Home
New Mexico Gas Company offers rebates to contractors who build energy-efficient homes. To qualify, builders must install a high efficiency furnace or water heater or use a whole-home approach and receive a RESNET-accredited HERS rating.
New Mexico Gas Company has earned a 2023 Market Leader Award from the ENERGY STAR Residential New Construction program. This award recognizes our significant commitment and success in providing ENERGY STAR certified homes for families in New Mexico.
Benefits of High-Performance Homes
High-performance and ENERGY STAR® homes are 15% to 20% more energy efficient than standard homes built to code. Specialized features include:
 Tight Construction and Ducts |  Effective Insulation Systems | ||||
 Efficient Heating and Cooling Equipment |  High-Performance Windows | ||||
 ENERGY STAR Appliances and Products |  Independent Energy Performance Testing |
Get Program Information
Learn more about the benefits and cost savings of building an energy-efficient home.
Contact a Builder
Get information on how you can build a high-performance, energy-efficient home.
How It Works
Products and homes completed by a registered new home builder between April 1, 2025 and March 31, 2026, are available for rebates through our 2025 program. Rebate applications must be received by April 30, 2026. See Program Terms and Conditions for additional details.
Available Product Rebates
| Measure | Rebate Amount | |
|---|---|---|
Measure, Rebate Amount,  Space Heating | ||
| Measure ENERGY STAR Furnace or Boiler AFUE 92%–94.9% | Rebate Amount $200 | |
| Measure ENERGY STAR Furnace or Boiler AFUE 95%–96.9% | Rebate Amount $250 | |
| Measure ENERGY STAR Furnace or Boiler AFUE 97% or Greater | Rebate Amount $300 | |
Measure, Rebate Amount,  Water Heating | ||
| Measure ENERGY STAR Tankless Water Heater UEF 0.87 or Higher | Rebate Amount $225 | |
| Measure ENERGY STAR Tank Water Heater ≤ 55 Gallons – UEF 0.64 or Higher | Rebate Amount $100 | |
| Measure ENERGY STAR Tank Water Heater > 55 Gallons – UEF 0.78 or Higher | Rebate Amount $100 | |
Measure, Rebate Amount,  Smart Thermostat | ||
| Measure ENERGY STAR Certified | Rebate Amount $50 per Unit | |
Whole-House Rebates
| Measure | Rebate Amount | |
|---|---|---|
| Measure, Rebate Amount, Performance-Based Incentives | ||
| Measure Base Therm Incentive (10% Above Code Minimum | Rebate Amount $1.50 | |
| Measure 15% Performance Bonus | Rebate Amount $100 | |
| Measure 20% Performance Bonus | Rebate Amount $200 | |
| Measure 30% Performance Bonus | Rebate Amount $300 | |
| Measure Maximum Incentive (Base kWh + Performance Bonus) | Rebate Amount $1,500 | |
| Measure, Rebate Amount, Additional Incentives | ||
| Measure ENERGY STAR Version 3.1 Certification | Rebate Amount $100 | |
| Measure ENERGY STAR Certified Smart Thermostat | Rebate Amount $50 per Unit | |
Incentives will be paid on a first-come, first-served basis and are subject to project and customer eligibility and availability of funds.
How to Participate
New home builders can save on the costs of building energy-efficient homes in five easy steps:
1
Submit a registration form
2
Complete an Online Partnership Agreement if you’re building an ENERGY STAR certified home
3
Sign the builder agreement
4
Build homes according to the path you select—builders pursuing the whole-house path will need to select a participating RESNET-accredited HERS rater to complete an on-site inspection and home performance test
5
Submit final documentation through our online portal
Questions? Contact Brian Bjurstrom.