Note: The Federal Inflation Reduction Act (IRA) created the Home Electrification and Appliance Rebate (HEAR) Program. The IRA established the main parameters for this program, but allowed the states to customize the program to meet their state-specific needs. The program is designed to award rebates for purchase of qualifying home electrification equipment and appliances. Residents earning less than 80% of the Area Median Income (AMI) can receive the full rebate amount, and residents earning between 80% and 150% AMI can receive a partial rebate. See summary below and program website for complete details.
New Mexico is launching the HEAR program in phases. As of December 2024, only the Insulation rebate is available. Residents can sign up to receive updates, or visit the program website for more information.
The New Mexico Energy Conservation and Management Division of the Energy, Mineral, and Natural Resources Department will receive $44 million in federal funding for the HEAR Program. Incentives are available to owners of single-family homes, duplexes, triplexes, quadplexes, or townhomes who earn less than 80% of their county’s AMI or who participate in certain state or federal benefit programs. Renters with landlord permission, landlords/owners of multi-unit properties, and landlords/owners of multi-story buildings with shared walls may also be eligible, and can expect eligibility to participate by the end of 2024.
The maximum rebate per address is $14,000. When applicable, technologies must be ENERGY STAR certified and/or installed by an authorized program contractor.
Currently available technologies include:
Future eligible technologies include:
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | New Mexico |
| Incentive Type: | Rebate Program |
| Web Site: | https://clean.energy.nm.gov/programs/hear/ |
| Administrator: | Energy, Mineral and Natural Resources Department, Energy Conservation and Management Division |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Incentive Amount: |
Currently available: Wall, Ceiling/Attic, Floor, and Foundation Insulation: up to $1,600 |
| Maximum Incentive: | Up to $14,000 per household |
| Eligible System Size: | Not specified |
| Equipment Requirements: | Equipment must be ENERGY STAR certified |
| Installation Requirements: | Equipment must be installed by an authorized program contractor |
| Ownership of Renewable Energy Credits: | N/A |
| Technologies: | Building Insulation, Insulation |
| Sectors: | Residential, Multifamily Residential, Low Income Residential |
| Parameters: | The incentive has a minimum of $1600.00 |
| Technologies: | Water Heaters |
| Sectors: | Residential, Multifamily Residential, Low Income Residential |
| Parameters: | The incentive has a minimum of $1750.00 |
| Technologies: | Duct/Air sealing |
| Sectors: | Residential, Multifamily Residential, Low Income Residential |
| Parameters: | The incentive has a minimum of $1600.00 |
| Technologies: | Heat pumps |
| Sectors: | Residential, Multifamily Residential, Low Income Residential |
| Parameters: | The incentive has a minimum of $840.00, The incentive has a minimum of $8000.00 |
| Name: | H.R. 5376 (Inflation Reduction Act) |
| Date Enacted: | 08/16/2022 |
| Name: | Energy Conservation and Management Division - NM EMNRD |
| Organization: | New Mexico Energy, Minerals, and Natural Reso |
| Address: |
1220 South St. Francis Drive Santa Fe NM 87505 |
| Phone: | (888) 290-9337 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
Copyright © 2024 EnergyBot • All rights reserved.
1601 Bryan St Suite 900, Dallas, TX 75201
