Solar & Battery Regulation & Incentive Programs

PNM - Commercial Energy Efficiency Rebate Program

Program Overview

Category:: Financial Incentive
Program Type:: Rebate Program
Implementing Sector:: Utility
State:: New Mexico
Eligible Storage Technologies:: Lighting, Lighting Controls/Sensors, Chillers, Heat pumps, Air conditioners, Motors, Motor VFDs, Custom/Others pending approval, Food Service Equipment, Commercial Refrigeration Equipment
Website:: https://www.pnm.com/bizrebates
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
Administrator:: PNM
Applicable Sectors:: Commercial, Industrial, Local Government, Nonprofit, Schools, State Government, Federal Government, Agricultural, Institutional
Utility:: Public Service Co of NM
Last Updated:: 07/08/2019

Eligibility Criteria

Eligibility	Sectors	Technologies
min $/motor0.1500	Commercial	Lighting
max $/motor4.0000	Commercial	Lighting
min $/ton25.0000	Commercial	Air conditioners
max $/ton50.0000	Commercial	Air conditioners
min $/motor2.0000	Commercial	Motors
max $/motor625.0000	Commercial	Motors
min $/Unit3.0000	Commercial	Commercial Refrigeration Equipment
max $/Unit120.0000	Commercial	Commercial Refrigeration Equipment
$/kWh0.0800	Commercial	Custom/Others pending approval
min $/Unit125.0000	Commercial	Food Service Equipment
max $800.0000	Commercial	Food Service Equipment
$/horsepower50.0000	Commercial	Motor VFDs
min $/ton20.0000	Commercial	Chillers
max $/ton40.0000	Commercial	Chillers
min $/ton40.0000	Commercial	Heat pumps
max $/ton100.0000	Commercial	Heat pumps
$/kWh0.3500	Agricultural	Lighting
min $/W0.0900	Commercial	Lighting Controls/Sensors
max $/W0.1500	Commercial	Lighting Controls/Sensors

Summary

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.