| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | New Mexico |
| Incentive Type: | Rebate Program |
| Web Site: | https://www.pnm.com/bizrebates |
| Administrator: | PNM |
| Utilities: | Public Service Co of NM |
| Eligible Efficiency Technologies: | Lighting, Lighting Controls/Sensors, Chillers, Heat pumps, Air conditioners, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Windows, Motors, Motor VFDs, Comprehensive Measures/Whole Building, Custom/Others pending approval, Food Service Equipment, Vending Machine Controls, LED Lighting, Commercial Refrigeration Equipment |
| Incentive Amount: | Lighting: $0.15-$4.00/unit (see application for details) Occupancy Sensors: $0.15/W Controlled Daylighting Sensor Controls: $0.09/W Controlled Unitary and Split AC: $25/ton, plus $15 bonus efficiency incentive Air-Source Heat Pumps: $40/ton, plus $15 bonus efficiency incentive Chillers: $20-$40/ton, plus $20 bonus efficiency incentive Packaged Terminal AC: $50/ton Packaged Terminal HP: $100/ton Variable Refrigerant Flow HP: $40/ton, plus $25 bonus efficiency incentive Hotel Guest Room Occupancy Sensor: $60/ton per room Indirect Evaporative Cooling: $100/ton Motors: $2-$625/motor Variable Frequency Drives: $50/HP Commercial Refrigeration Equipment: $3-$120/unit Food Service Equipment: $125-$800/unit High Efficiency Ice Makers: $150-$350/unit 3-Phase High Frequency Battery Charger: $200 Custom: $0.080/kWh Horticultural Lighting: $0.35/kWh |
| Maximum Incentive: | 100% of incremental measure costs or 50% of total project costs |
| Equipment Requirements: | Review Program Application |
| Technologies: | Lighting |
| Sectors: | Commercial |
| Parameters: | The incentive has a minimum of 0.15 $/motor. The incentive has a maximum of 4.00 $/motor |
| Technologies: | Air conditioners |
| Sectors: | Commercial |
| Parameters: | The incentive has a minimum of 25.00 $/ton. The incentive has a maximum of 50.00 $/ton. |
| Technologies: | Motors |
| Sectors: | Commercial |
| Parameters: | The incentive has a minimum of 2.00 $/motor. The incentive has a maximum of 625.00 $/motor. |
| Technologies: | Commercial Refrigeration Equipment |
| Sectors: | Commercial |
| Parameters: | The incentive has a minimum of 3.00 $/Unit. The incentive has a maximum of 120.00 $/Unit. |
| Technologies: | Custom/Others pending approval |
| Sectors: | Commercial |
| Parameters: | The incentive is 0.08 $/kWh |
| Technologies: | Food Service Equipment |
| Sectors: | Commercial |
| Parameters: | The incentive has a minimum of 125.00 $/Unit. The Incentive has a maximum of $800.00. |
| Technologies: | Motor VFDs |
| Sectors: | Commercial |
| Parameters: | The incentive is 50.00 $/horsepower |
| Technologies: | Chillers |
| Sectors: | Commercial |
| Parameters: | The incentive has a minimum of 20.00 $/ton. The incentive has a maximum of 40.00 $/ton |
| Technologies: | Heat pumps |
| Sectors: | Commercial |
| Parameters: | The incentive has a minimum of 40.00 $/ton. The incentive has a maximum of 100.00 $/ton |
| Technologies: | Lighting |
| Sectors: | Agricultural |
| Parameters: | The incentive is 0.35 $/kWh |
| Technologies: | Lighting Controls/Sensors |
| Sectors: | Commercial |
| Parameters: | The incentive has a minimum of 0.09 $/W. The incentive has a maximum of 0.15 $/W. |
PNM provides a range of incentives for commercial customers to increase the efficiency existing facilities. Eligible equipment includes energy efficient lighting, HVAC, refrigeration, and motors, among others. The incentives vary based on the equipment. Customers may also receive incentives for custom efficiency measures not included in the prescriptive program. Custom incentives are worth $0.08 per kilowatt hour (kWh)
Small to medium sized businesses (maximum monthly peak demand of 200 kW per meter) can also enroll in the PNM Quick Saver program. A participating PNM Quick Saver contractor does an onsite energy assessment to identify energy-saving opportunities and presents a proposal to the customer. If the customer approves the proposal, the contractor files the necessary paperwork with PNM and installs the new equipment. On average, PNM pays 65% or more of the project costs directly to the contractor, and the customer pays the balance.
For more information, including specific details on equipment requirements, visit the program web site.
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