Rebates | Local & Federal Savings

Furnace, Boiler & Water Heater Rebates

Space Heating Rebates

Save $325-$375 on high efficiency gas furnaces and boilers!
ENERGY STAR® equipment with AFUE 95%+ • Select models qualify for additional $150 Federal tax credit

Space Heating Rebates
Get rebates up to $375 on a high efficiency, ENERGY STAR® certified gas furnace or boiler with an AFUE of 95% or greater.

New Mexico Gas Company offers rebates from $325 to $375 when you have a licensed and insured participating contractor install a high efficiency gas furnace or boiler in your home. Save instantly on qualifying ENERGY STAR® equipment with an annual fuel efficiency (AFUE) rating of 95% or higher. Select models also qualify for an additional $150 Federal tax credit.

Why choose a high efficiency gas furnace or boiler?

Energy and money savings. A high efficiency gas furnace or boiler is at least 12% more efficient than standard models, so you’ll save on energy costs year after year.
Enhanced comfort. Models with AFUE ratings of 95% or higher can help you save energy and money while improving the comfort of your home.
Improved safety. High efficiency gas furnaces and boilers are designed to reduce the risk of backdrafting dangerous carbon monoxide exhaust into your home.
Rebates available. Get up to $375 rebate when you use a licensed and insured participating contractor to install your new high efficiency gas furnace or boiler.

Furnaces & Boilers	Efficiency Rating (AFUE)	Rebate Amount
Tier II	95%-96.9%	$325 Rebate
Tier III	97% or greater	$375 Rebate

Only customers who receive natural gas service from New Mexico Gas Company, as evidenced by the New Mexico Gas Company residential customer account number, are eligible. Qualifying furnaces and boilers must be purchased on or after April 1, 2025 and installed by March 31, 2026. Rebate applications must be received by April 30, 2026. See Program Terms and Conditions for additional details.

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Water Heating Rebates

Save $115-$300 on high efficiency gas water heaters!
ENERGY STAR® certified tankless and condensing storage tank water heaters with UEF .87+

Water Heating Rebates
Get rebates from $115 to $300 on ENERGY STAR® certified tankless and condensing storage tank water heaters.

New Mexico Gas Company offers rebates from $115 to $300 when you have a licensed and insured participating contractor install a high efficiency, ENERGY STAR certified tankless or condensing water heater with an Uniform Energy Factor (UEF) of .87 or greater in your home.

Why choose an ENERGY STAR certified water heater?

Energy and money savings. With a tankless water heater, you could cut your water heating costs up to 30% and save as much as $50 per year on gas bills compared to a standard model.
Continuous hot water. Tankless water heaters provide a continuous flow of hot water, and condensing units are so efficient that the tank heats up almost as quickly as it fills.
Space-saving design. Small and wall-mounted, tankless water heaters can save a closet's worth of space in your home.
Improved technology. Condensing units extract extra heat from exhaust gases for better efficiency than standard units.
Rebates available. Save up to $300 with a rebate on your purchase when you use a licensed and insured participating contractor.

Water Heaters	Efficiency Rating	Rebate Amount
Tankless	UEF .87 or higher	$300 Rebate
Tank	≤ 55 Gallons - UEF .64 or higher	$115 Rebate
Tank	> 55 Gallons - UEF .78 or higher	$115 Rebate

Only customers who receive natural gas service from New Mexico Gas Company, as evidenced by the New Mexico Gas Company residential customer account number, are eligible. Qualifying water heaters must be purchased on or after April 1, 2025 and installed by March 31, 2026. Rebate applications must be received by April 30, 2026. See Program Terms and Conditions for additional details.

Get More Information Schedule Installation

Local Rebates

Tax Credits, Savings & Incentives

Furnace, Boiler & Water Heater Rebates

Space Heating Rebates

Space Heating Rebates
Get rebates up to $375 on a high efficiency, ENERGY STAR® certified gas furnace or boiler with an AFUE of 95% or greater.

Water Heating Rebates

Water Heating Rebates
Get rebates from $115 to $300 on ENERGY STAR® certified tankless and condensing storage tank water heaters.

Local Rebates

Tax Credits, Savings & Incentives

Furnace, Boiler & Water Heater Rebates

Space Heating Rebates

Space Heating RebatesGet rebates up to $375 on a high efficiency, ENERGY STAR® certified gas furnace or boiler with an AFUE of 95% or greater.

Water Heating Rebates

Water Heating RebatesGet rebates from $115 to $300 on ENERGY STAR® certified tankless and condensing storage tank water heaters.

Space Heating Rebates
Get rebates up to $375 on a high efficiency, ENERGY STAR® certified gas furnace or boiler with an AFUE of 95% or greater.

Water Heating Rebates
Get rebates from $115 to $300 on ENERGY STAR® certified tankless and condensing storage tank water heaters.