PNM Multifamily Program

Incentives designed specifically around multifamily properties

With incentives available for in-unit and common area upgrades for market-rate and income-qualified properties, the Multifamily Program offers an easy way to achieve energy efficiency savings.

Common area incentives are for installing qualifying equipment in community spaces around multifamily properties. Examples of common areas and associated measures include:

Building exterior, carport/garage/parking area:

  • LED lighting and controls
  • Custom measures available

Leasing office, interior hallways, lobbies, gyms, pool & club houses, laundry areas:

  • LED lighting and controls
  • Premium-efficiency unitary and split AC systems
  • Premium-efficiency air source heat pumps
  • Smart thermostats
  • Energy efficient window installation
  • Pool pumps, motors, and VSDs
  • Custom measures available

In-unit incentives are for installing qualifying equipment in individual dwelling spaces around multifamily properties. Examples of typical in-unit measures include:

Typical in-unit measures:

  • LED lighting and controls
  • Smart thermostats
  • Packaged Terminal AC
  • Packaged Terminal HP
  • Premium-efficiency air source heat pumps
  • Energy efficient window installation
  • Custom measures available

The PNM Multifamily Program offers an income-qualified component, which provides increased incentives for qualifying properties. 

Incentives for the income-qualified properties can be substantial. Call or email us to determine eligibility and for detailed program requirements.

For common area upgrades

Two ways to save:

  1. Contact an Authorized Contractor from the link below. They prepare all the paperwork and complete the application for you.
  2. Visit the online application in the section below for a self-installation or to work with an out-of-network contractor.

For in-unit upgrades

Click the link below to search our database for an Authorized Contractor or visit the online application for a self-installation in the section below.

PNM Authorized Contractors

PNM Authorized Contractors can provide you with estimates, install equipment and assist you with the application process.

Multifamily Applications

Visit the online application to access the Multifamily Retrofit Rebate application and the Multifamily New Construction application.

For residential inquiries and/or single family homes, visit

2024 Overall Program Status

Available funds paid as of May 28, 2024


Call us at 505-938-9400 or

Become a PNM Authorized Contractor

Some of the benefits you can expect by becoming an Authorized Contractor:

  • Financial advantage, such as third-party payment of incentives & cash bonuses when available
  • Technical, rebate application, and engineering support
  • Secure access to real-time program data through the Program Project Portals
  • And many more