Public Service Company of New Mexico (PNM) offers energy credits to encourage homeowners to replace their old, inefficient water heaters, tankless water heaters, HVAC units, and air conditioners with new, energy-efficient models. These credits can help offset the cost of purchasing and installing new equipment, while also reducing energy consumption and saving money on utility bills. Here’s what you need to know about the energy credits offered by PNM.
PNM Water Heater Energy Credit
PNM offers a $200 energy credit for customers who replace their old, inefficient water heaters with new, Energy Star-certified models. To be eligible for the credit, the new water heater must have a minimum energy factor (EF) rating of .67 for gas or .93 for electric.
PNM Tankless Water Heater Energy Credit
PNM also offers a $300 energy credit for customers who replace their old, inefficient tankless water heaters with new, Energy Star-certified models. To be eligible for the credit, the new tankless water heater must have an energy factor (EF) rating of .90 or higher.
PNM HVAC Energy Credit
PNM offers a $300 energy credit for customers who replace their old, inefficient HVAC units with new, energy-efficient models. To be eligible for the credit, the new HVAC unit must have a minimum seasonal energy efficiency ratio (SEER) of 16 for air conditioners or a minimum efficiency rating of 95% annual fuel utilization efficiency (AFUE) for furnaces.
PNM Air Conditioner Energy Credit
PNM offers a $300 energy credit for customers who replace their old, inefficient air conditioners with new, Energy Star-certified models. To be eligible for the credit, the new air conditioner must have a minimum seasonal energy efficiency ratio (SEER) of 16.
How to Claim Your PNM Energy Credit
To claim your energy credit, you must submit an application to PNM along with a copy of your purchase receipt and proof of installation. The application can be submitted online, by mail, or by fax. The energy credit will be applied as a credit to your PNM account within 6-8 weeks after PNM receives your completed application.
Benefits of Energy-Efficient Equipment
Replacing old, inefficient equipment with new, energy-efficient models can provide several benefits, including:
- Lower energy bills: Energy-efficient equipment uses less energy, which can lead to lower utility bills over time.
- Improved indoor comfort: new equipment is often better at maintaining a comfortable indoor temperature and humidity level.
- Reduced environmental impact: Energy-efficient equipment produces fewer greenhouse gas emissions, which can help reduce your carbon footprint.
- Increased home value: Upgrading to energy-efficient equipment can increase the value of your home and make it more attractive to potential buyers.
In conclusion, the energy credits offered by PNM can help homeowners offset the cost of upgrading to energy-efficient water heaters, tankless water heaters, HVAC units, and air conditioners. By taking advantage of these credits, homeowners can save money on utility bills and reduce their environmental impact while enjoying improved indoor comfort. Contact PNM today to learn more about their energy credits and how to apply.
