Cities / New Mexico / Rebates
Sustainable Building Tax Credit – Energy Conserving Products: Open
Enrollment for 2026 is open. Open. Applications for energy-conserving products can be submitted now through the online portal.
Serves: Existing residential buildings in New Mexico.
Do I Qualify
- Own an existing New Mexico home and install qualifying equipment.
- Keep ownership records, itemized invoices, performance specifications and required inspection records.
- Do not combine this credit with the Geothermal Ground-Coupled Heat Pump Tax Credit for the same installation.
How Much Comes Off
| Equipment | Requirement | Amount |
|---|---|---|
| Air source heat pump | Non-affordable housing and non-low-income taxpayer; ENERGY STAR or equivalent local performance requirements. | $1,000 per product installed |
| Air source heat pump — income-qualified | Affordable housing and low-income taxpayer; ENERGY STAR or equivalent local performance requirements. | $2,000 per product installed |
| Ground source heat pump | Non-affordable housing and non-low-income taxpayer; ENERGY STAR or equivalent local performance requirements. | $1,000 per product installed |
| Ground source heat pump — income-qualified | Affordable housing and low-income taxpayer; ENERGY STAR or equivalent local performance requirements. | $2,000 per product installed |
Who Files It
The property owner obtains an EMNRD eligibility certificate and claims the credit on the state tax return.
The money is paid to the homeowner.
The Steps to Apply
- Review the heat-pump application guide before installation. Application guide.
- Apply for certification, then submit the certificate with the state tax return. Application information.
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.