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PNM New Construction Program

A ground-up, comprehensive approach to high-performance buildings

Be an energy efficiency expert to your PNM business customers who are constructing a new facility. Help them identify areas of opportunity for efficient equipment and design from the very start, and maximize the potential for long term energy savings.

Items from the prescriptive (pre-set) menu that qualify for new construction rebates include:

  • Heating, ventilation and air conditioning (HVAC)
    • Unitary and split air conditioning systems
    • Premium-efficiency air source heat pumps
    • High-efficiency water and air cooled chillers
    • Packaged terminal air conditioning (PTAC) units
    • Packaged terminal heat pumps (PTHP)
    • Variable refrigerant flow heat pumps
    • Hotel guest room energy management systems (occupancy sensors)
    • Indirect evaporative cooling
  • High-efficiency food service equipment
  • High-efficiency ice makers

The whole building approach is based on helping customers exceed energy efficiency codes. Rebates are based on a percentage of energy savings above and beyond the ASHRAE 90.1-2016 standard. See below for incentive structure:

  • 10% to 20% electricity savings beyond ASHRAE 90.1-2016 $0.10 per kWh
  • Greater than 20% electricity savings beyond ASHRAE 90.1-2016 $0.12 per kWh

Rebates for new construction lighting projects are calculated at $0.30 per watt reduced.

The watts-reduced value is based on Lighting Power Density (LPD) in watts per square foot and is calculated as the LPD values for the new lighting less than baseline LPD values listed in ASHRAE 90.1-2007 for various building types:

  • Rebate = (LPD baseline – LPD actual) x Gross Lighted Area x $0.30

New Construction Application

Visit the online application to access the most recent New Construction application.

New Construction Portal

Authorized Contractors can access real-time project data and application updates here.

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