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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

cost savings

Get Program Information

Learn more about the benefits and cost savings of building an energy-efficient home.

See Details


Contact a Builder

Get information on how you can build a high-performance, energy-efficient home.

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How It Works

Products and homes completed by a registered new home builder between April 1, 2023, and March 31, 2024, are available for rebates through our 2023 program. Rebate applications must be received by April 30, 2024. See Program Terms and Conditions for additional details.

Available Product Rebates

Measure Rebate Amount
Space Heating
ENERGY STAR Furnace or Boiler AFUE 92%–94.9% $200
ENERGY STAR Furnace or Boiler AFUE 95%–96.9% $250
ENERGY STAR Furnace or Boiler AFUE 97% or Greater $300
Water Heating
ENERGY STAR Tankless Water Heater UEF 0.87 or Higher $225
ENERGY STAR Tank Water Heater ≤ 55 Gallons – UEF 0.64 or Higher $100
ENERGY STAR Tank Water Heater > 55 Gallons – UEF 0.78 or Higher $100
Smart Thermostat
ENERGY STAR Certified $50 per Unit


Whole-House Rebates

Measure Rebate Amount
Performance-Based Incentives
Base Therm Incentive (10% Above Code Minimum $1.50
15% Performance Bonus $100
20% Performance Bonus $200
30% Performance Bonus $300
Maximum Incentive (Base kWh + Performance Bonus) $1,500
Additional Incentives
ENERGY STAR Version 3.1 Certification $100
ENERGY STAR Certified Smart Thermostat $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:


Complete an Online Partnership Agreement if you’re building an ENERGY STAR certified home


Sign the builder agreement


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


Submit final documentation through our online portal

Questions? Contact Brian Bjurstrom.