Save $$ On Your Utility Bills
Central New Mexico Electric Cooperative provides an incentive for its residential members to purchase energy efficient water heaters, refrigerators, and freezers. The rebate applies to both new and replacement installations. The equipment must be installed in the CNMEC service area and in a home on a permanent foundation. Participating members can receive a $70 rebate for installing a water heater which meets the minimum program standards, and a bonus $50 if the unit is controlled by a timer or is equipped with a low-wattage (3kW or less) element, and another bonus $50 if it is covered by a lifetime warranty. Refrigerators and freezers must be Energy Star rated to qualify for the $40 rebate. Rebate must be requested within 180 days of installation to be eligible.  Contact:  Central New Mexico Electric Cooperative, Moriarty Office, PO Box 669, 810 1st Street, Moriarty, NM 87035; 505-847-1008 or 800-339-2521; http://www.cnmec.coop/water_heater_rebate_guidelines.htm#

Over $3,000 in Energy Incentives
Kit Carson Electric Cooperative offers financial incentives for its members to install energy efficient heating/cooling equipment. Customers who install an Electric Thermal Storage (ETS)/Heat Pump system or a stand-alone ETS system qualify for a discounted, Time-Of-Use electric rate for space and water heating usage. Customers are eligible to receive rebates ranging from $924 up to $3009 depending on the size of the system.  Contact:  Kit Carson Electric Cooperative, 118 Cruz Alta Rd., PO Box 587, Taos, NM 87571; 505-758-2258 or 800-688-6780; Fax:  575-758-4611; http://www.kitcarson.com/dialup/products.html

$500 to Build an Energy Saving House
PNM is offering homebuilders a $500 rebate for each Energy Star-qualified home they build in PNM gas and electric service areas. Every Energy Star-qualified home must include effective insulation and air sealing; high performance windows, doors and skylights; tight construction and ducts; and independent testing and inspection. The builder must arrange for a qualified Home Energy Rater (HER) to inspect the new home. To qualify for the incentive the energy rating must be equal to or less than 85. Full details are available on the website above.  Contact:  PNM, PO Box 349, Albuquerque, NM 87103-0349; 888-342-5766; http://www.pnm.com/rebates/energy_star_builder.htm
Application:  http://www.pnm.com/rebates/docs/PEEP_07_EStar_HB.pdf and http://www.pnm.com/rebates/docs/PEEP_07_EStar_HM.pdf

$500 Rebate + Other Energy Incentives for New Mexico Homeowners
PNM offers incentives for their residential customers to improve the efficiency of their homes. Rebates are provided to their electric customers for advanced evaporative coolers. PNM will also provide a $30 rebate to customers who properly recycle their old refrigerator or freezer. Additionally, PNM has partnered with select retailers to provide compact fluorescent light bulbs at a discounted price. Natural gas customers of PNM who have a contractor install new insulation in their homes can qualify for a rebate worth up to $500.  Contact:  PNM, PO Box 349, Albuquerque, NM 87103-0349; 888-342-5766; http://www.pnm.com/rebates/rebates.htm

Renewable Energy Credits for Solar PV Installation
PNM offers the Renewable Energy Credit (REC) purchase program whereby PNM will purchase RECs from customers who install solar PV systems (up to 10 kilowatts in capacity) at a rate of $0.13/kilowatt-hour (kWh) through 2018. PNM will then be able to apply these RECs towards their obligations under the state's RPS.  The program has funding for 1.2 megawatts (MW) of solar installations, at a cost of about $2.8 million.  To learn more, contact:  Customer Service, PNM, Customer Generation Programs, Alvarado Square, MS 0510, Albuquerque, NM 87158-0001; 505-241-2589; http://www.pnm.com/customers/pv/program.htm
Application:  http://www.pnm.com/customers/pdf/pv_app.pdf

$9,000 to Be Energy Efficient in New Mexico
The New Mexico Solar Market Development Tax Credit offers a 30% personal income tax credit (up to $9,000) for residents and businesses (non-corporate), including agricultural enterprises, who purchase and install certified photovoltaic (PV) and solar thermal systems. Eligible systems include grid-tied commercial PV systems, off-grid and grid-tied residential PV systems, and (active) solar hot water or hot air systems. To be eligible, systems must first be certified by the New Mexico Energy, Minerals, and Natural Resources Department. Note that solar pool or hot tub heaters are not eligible for this tax credit.  For more details:  New Mexico Energy, Minerals and Natural Resources Department, Energy Conservation and Management Division, 1220 S. St. Francis Drive, Santa Fe, NM 87505; 505-476-3318; Fax:  505-476-3322; http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/solartaxcredit.htm

Tax Credits for Sustainable Buildings
New Mexico offers a personal tax credit and a corporate tax credit for sustainable buildings in New Mexico. The tax credits apply to both commercial and residential buildings.  To receive the tax credit, the building owner must obtain a certificate of eligibility from the Energy, Minerals and Natural Resources Department after the building has been completed.  The taxpayer must then present their certificate of eligibility to the Taxation and Revenue Department to receive a document granting the Sustainable Building Tax Credit. If the total amount of a Sustainable Building Tax Credit is less than $25,000, the entire amount of the credit can be applied to the taxpayer's income tax in that year. If the credit is more than $25,000 the credit will be applied in increments of 25% over the next 4 years. If a taxpayer's tax liability is less than the amount of credit due, the excess credit may be carried forward for up to seven years.  Contact:  New Mexico Taxation & Revenue Department, P.O. Box 630, Santa Fe, NM 87504; 505-827-0700; http://www.emnrd.state.nm.us/ecmd/index.htm or New Mexico Energy, Minerals and Natural Resources Department, Energy Conservation and Management Division, 1220 S. St. Francis Drive, Santa Fe, NM 87505; 505-476-3254; Fax:  505-476-3322