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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, 2024 and March 31, 2025, are available for rebates through our 2024 program. Rebate applications must be received by April 30, 2025. See Program Terms and Conditions for additional details.

Available Product Rebates

MeasureRebate 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

MeasureRebate 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.