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, 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
| 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:
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.