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.
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 |
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 Efficient Heating and Cooling Equipment |
 High-Performance Windows |
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 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, 2022, and March 31, 2023, are available for rebates through our 2022 program.
Available Product Rebates
| Measure | Rebate Amount | |
|---|---|---|
 Space Heating |
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| 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 |
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| 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 |
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| 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:
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.