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 |
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:
1
Find a participating contractor
2
Save invoice including the model number, serial number and AHRI certification
4
Get your rebate in 6–8 weeks
