Space Heating Rebates

Save up to $375 on a Gas Furnace or Boiler

New Mexico Gas Company offers rebates from $200 to $375 when you have a participating contractor install a high efficiency gas furnace or boiler in your home. Get rebates on qualifying ENERGY STAR® equipment with an annual fuel efficiency (AFUE) rating of 92% or higher. Select models also qualify for an additional $150 Federal tax credit.

 

Benefits of a High Efficiency Gas Furnace or Boiler

1

Energy and Cost Savings

Cut your energy costs with equipment that is at least 12% more efficient than standard models.

2

Increased Comfort

Rely on lasting comfort with a high-quality system that carriers a longer warranty.

3

Improved Safety

Enjoy peace of mind with a system that reduces the risk of carbon monoxide exhaust in your home.

4

Rebates

Save up to $375 on your purchase when you have a participating contractor install your unit.

How It Works

Qualifying furnaces and boilers installed between April 1, 2022 and March 31, 2023 are available for rebates through our 2022 program.

Available Rebates
Equipment Type Efficiency Rating (AFUE) Rebate Amount
Replacing Existing Furnace or Boiler
Tier I 92%–94.9% $275
Tier II 95%–96.9% $325
Tier III 97% or greater $375
New Construction
Tier I 92%–94.9% $200
Tier II 95%–96.9% $250
Tier III 97% or greater $300

 

 

Save up to $675 on a Combination Boiler/Water Heater

If your boiler also supplies hot water for your home, you could be eligible for a higher rebate. New Mexico Gas Company offers rebates up to $675 when you have a participating contractor install a high efficiency, ENERGY STAR certified combination boiler/water heater in your home.

 

Benefits of a Combination Boiler/Water Heater

1

Energy and Cost Savings

Improve efficiency and save on costs without having to continuously heat water in a tank.

2

Continuous Hot Water

Enjoy a constant flow of hot water in every shower—even when you have a full house.

3

Space-Saving Design

Save a closet’s worth of space in your home with small, wall-mounted models.

4

Rebates

Save up to $675 on your purchase when you have a participating contractor install your unit.

How It Works

Qualifying combination boiler/water heaters installed between April 1, 2022 and March 31, 2023 are available for rebates through our 2022 program.

Space Heating Available Rebates
Equipment Type Efficiency Rating (AFUE) Rebate Amount
Replacing Existing Furnace or Boiler
Tier I 92%–94.9% $275
Tier II 95%–96.9% $325
Tier III 97% or greater $375
New Construction
Tier I 92%–94.9% $200
Tier II 95%–96.9% $250
Tier III 97% or greater $300

 

Water Heating Available Rebates
Equipment Type Efficiency Rating (UEF) Rebate Amount
Replacing Existing Water Heater
Tankless UEF .87 or higher $300
Indirect Water Heater UEF .87 or higher $300
New Construction
Tankless UEF .87 or higher $225
Indirect Water Heater UEF .87 or higher $225

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Customers who receive natural gas service from New Mexico Gas Company, as evidenced by the New Mexico Gas Company residential customer account number, are eligible.

 

How to Participate

Start saving with a high efficiency gas furnace or boiler in four easy steps:

2

Save invoice including the model number, serial number and AHRI certification

3

Submit your application by mail, email or online

4

Get your rebate in 6–8 weeks

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Online Tool

Use our step-by-step online tool

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Email or Mail

Digitally send or print and mail your rebate application using instructions found on the form.

Apply Now