Xcel Energy New Mexico
Rebates up to $2,500 for installing high-efficiency electric air-source or ground-source heat pumps. Heat pumps provide both heating and cooling efficiently, replacing traditional furnaces and air conditioners with a single, energy-efficient system.
Rebate varies by system type and efficiency: $200-$2,500 depending on SEER/HSPF rating
Data last verified 2026-06-09. How we verify our data.
A grant-savvy contractor in Hobbs, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
This grant requires a licensed contractor
This grant requires the work to be done by a licensed contractor, and you will likely need a written estimate to apply. Get a free estimate from a contractor in Hobbs who knows grant paperwork.
Get matched with a contractorEach program sets its own contractor rules. Check the official program page for exact requirements.
Deadline: Year-round program
Ask us. It is free, and a real person answers within a business day.
Email us about this programGrant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
See All Programs