Cities / New Mexico / Rebates
New Mexico Energy Conserving Products Tax Credit: Open
Enrollment for 2026 is open. Open. New Mexicans are now eligible for a tax credit for energy efficiency and electrification measures they install in their existing homes.
Serves: Existing New Mexico residential buildings.
Do I Qualify
- Own the existing New Mexico property where the product is installed.
- Meet ENERGY STAR or equivalent performance requirements for the installation location.
- For the larger low-income credit, household adjusted gross income must be at or below 200% of federal poverty guidelines.
- Provide ownership records, an itemized invoice, equipment performance documents and required inspection approval.
How Much Comes Off
| Equipment | Requirement | Amount |
|---|---|---|
| Air-source heat pump | ENERGY STAR or equivalent local performance; non-low-income taxpayer. | $1,000 per product installed |
| Air-source heat pump | ENERGY STAR or equivalent local performance; affordable housing or low-income taxpayer. | $2,000 per product installed |
| Unducted mini-split air-source heat pump | ENERGY STAR or equivalent local performance; non-low-income taxpayer. | $1,000 per product installed |
| Unducted mini-split air-source heat pump | ENERGY STAR or equivalent local performance; low-income taxpayer. | $2,000 per product installed |
| Ground-source heat pump | ENERGY STAR or equivalent local performance; non-low-income taxpayer. | $1,000 per product installed |
| Ground-source heat pump | ENERGY STAR or equivalent local performance; affordable housing or low-income taxpayer. | $2,000 per product installed |
Who Files It
The property owner applies to EMNRD, then claims the approved credit on the New Mexico tax return.
The money is paid to the homeowner.
The Steps to Apply
- Install qualifying equipment and collect the required records.
- Apply for an EMNRD certificate of eligibility. Application instructions.
- Claim the certified credit through New Mexico Taxation and Revenue.
Read on October 22, 2026 from the New Mexico Energy, Minerals and Natural Resources Department page. A change to this program is a dated line in the changelog.