Heat Pump Water Heaters (56 gallons or more)
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PNM Residential Customers are eligible to get $160 back on eligible Heat Pump Water Heaters (56 gallons or more) they purchase and install. Equipment for which a rebate is requested must be in new, unused condition. This rebate is good for purchases made January 1, 2024 through December 31, 2024, or while rebate funds are available for this program. The rebate paid will not exceed the purchase price of the product (excluding taxes, shipping, and installation charges).
Limit two (2) rebates per product measure per PNM residential electric customer account over the life of the PNM Rebate Program. Rebates will be paid while funds are available. Rebate eligibility requirements are subject to change without notice, including early termination of this promotion.