Electric Stove Rebates in New Mexico (2026)

Find electric stove rebates and incentives in New Mexico for 2026, including the federal HOMES and HEAR programmes, state incentives and utility rebates.

Only partly available in New Mexico. New Mexico's HEAR program launched on 3 September 2024 and is accepting applications, rolling out in phases. The Home Efficiency Rebates programme is still listed as coming soon. Availability can be limited by region, by housing type or by remaining funds, so check the official page for the current terms before committing to a project. Source: Energy Conservation and Management Division, New Mexico Energy, Minerals and Natural Resources Department.

Programme status and income limits on this page were last checked against official state and federal sources on 31 July 2026. These programmes change without notice.

Varies Max HEAR Rebate

Not launched yet HOMES Status (NM)

Open, applications accepted HEAR Status (NM)

1 Utility Programs

HEAR Electric Stove Rebate in New Mexico

Status: Open, applications accepted

Income Level	Max Rebate	Cost Coverage
Low income (≤80% AMI)	Up to Varies	100% of project cost
Moderate income (80-150% AMI)	Up to Varies	50% of project cost
Above 150% AMI	Not eligible	N/A

Apply for HEAR Rebate in NM

HOMES Rebate for Electric Stove in New Mexico

Status: Not launched yet

New Mexico's HOMES programme is not available today. When it launches, a electric stove installed as part of a whole-home retrofit could qualify for rebates up to $8,000.

Electric Stove in New Mexico: What’s Available in 2026

Electric stoves and induction cooktops qualify for up to $840 in HEAR rebates. Switching from gas to electric cooking eliminates indoor combustion pollutants and qualifies as a home electrification upgrade under the Inflation Reduction Act.

Electric Stove and Cooktop Rebates

The HEAR program offers up to $840 for electric stoves, cooktops, ranges, and ovens. This includes both traditional electric resistance models and induction cooktops. The rebate applies to the appliance cost and may include basic installation.

For households at or below 80% AMI, the full cost is covered up to $840. Households between 80-150% AMI receive 50% of costs up to the cap. While $840 won't cover a high-end induction range, it makes a meaningful dent in the cost of most standard electric stoves, which typically run $500-$2,000.

Induction cooktops deserve special attention. They use electromagnetic fields to heat cookware directly, making them faster, more precise, and more efficient than gas or traditional electric coils. Portable induction burners start around $50-$100, while full induction ranges run $1,000-$3,000. The HEAR rebate can cover a large portion of mid-range induction models.

Health is another driver behind this rebate. Research has shown that gas stoves release nitrogen dioxide, carbon monoxide, and particulate matter into your home, with links to increased asthma risk, particularly in children. Switching to electric eliminates these indoor combustion byproducts entirely.

Qualifying for the HEAR Stove Rebate

To qualify for the electric stove rebate, the appliance must replace a gas-powered cooking appliance or be a new installation in a qualifying home. Here's what you need to know:

Eligible appliances: Electric ranges, electric cooktops, induction ranges, induction cooktops, and electric wall ovens all qualify. The key requirement is that it must be an electric cooking appliance.
ENERGY STAR not always required: Unlike heat pumps and water heaters, ENERGY STAR certification is not currently required for electric cooking appliances to qualify for HEAR in most states. However, check your state's specific program requirements.
Installation costs: If switching from gas to electric requires new wiring (such as a 240V outlet), that installation cost may be covered under the separate $2,500 wiring rebate, not the $840 stove rebate.
Point-of-sale rebate: Like other HEAR rebates, this is applied at the time of purchase through participating retailers or contractors, not as a tax credit claimed later.

If you're switching from gas to electric, make sure your kitchen has or can accommodate a 240V outlet. Most electric ranges require a dedicated 40-50 amp circuit. If your electrical panel needs an upgrade to support this, remember that the panel upgrade has its own $4,000 HEAR rebate.

New Mexico State Programs for Electric Stove

PNM Energy Efficiency Programs

PNM (Public Service Company of New Mexico) offers residential efficiency rebates for smart thermostats, efficient appliances, and home energy assessments. PNM customers can visit the program page for current rebate amounts, which can be stacked with federal HEAR and HOMES rebates.

Learn more

New Mexico Weatherization Assistance Program

Federally funded weatherization services for income-qualified NM households (at or below 200% of federal poverty level). Delivered through local Community Action Agencies. New Mexico's varied climate (hot desert to cold high-altitude) creates diverse weatherization needs, both cooling and heating improvements are relevant.

Utility Electric Stove Rebates in New Mexico

These utility companies in New Mexico may offer additional rebates for electric stove installations. Utility rebates can typically be stacked with HEAR and HOMES rebates.

Xcel Energy

Income Eligibility for Electric Stove Rebates in New Mexico

Your eligibility for the maximum electric stove rebate depends on your household income relative to the Area Median Income (AMI) in your area.

Area	80% AMI (Family of 4)	150% AMI (Family of 4)
Bernalillo County	$80,300	$150,500
Santa Fe County	$87,500	$164,000
San Juan County	$64,250	$120,400
Lea County	$70,250	$131,700
Otero County	$58,300	$109,300
McKinley County	$58,300	$109,300

Calculate Your Electric Stove Rebate

Use our calculator to estimate your total savings including federal, state, and utility rebates.

Calculate My Rebate

Before you spend money on this

Energy Rebate Calculator is an independent website. It is not affiliated with, endorsed by, or operated by the U.S. Department of Energy, New Mexico, or any other government agency, and nothing on this page is an offer, an application, or a promise of payment.

Federal and state rebate programmes launch, pause, change their amounts and run out of funds without notice, and eligibility rules differ by county, household size, housing type and sometimes by region within a state. Most programmes also refuse to pay for work completed before their launch date.

Confirm your eligibility and the current terms directly with the administering agency, and get written confirmation, before you sign a contract or buy equipment. Where this page cites an official source, that source governs. If you spot something out of date, tell us and we will correct it.

Frequently Asked Questions

How much can I get for a electric stove in New Mexico?

In New Mexico, you can receive up to varies through the HEAR programme for a electric stove if your household income is at or below 80% of Area Median Income (AMI). Moderate-income households (80-150% AMI) can receive 50% of the cost up to the same cap. Additional utility rebates may also be available from local providers.

Is the HEAR program open in New Mexico for electric stove rebates?

The HEAR status in New Mexico is: Open, applications accepted. You can apply for electric stove rebates through your state energy office.

Can I combine electric stove rebates with other incentives in New Mexico?

Yes. In New Mexico, you can typically stack HEAR rebates with HOMES whole-home rebates (if you qualify for both), state-specific programmes like PNM Energy Efficiency Programs, and with utility rebates. Combined incentives generally cannot exceed 100% of the project cost, and the same measure cannot always be claimed twice.

What income qualifies for the maximum electric stove rebate in New Mexico?

To qualify for the maximum rebate, your household income must be at or below 80% of Area Median Income (AMI) for your county in New Mexico. For example, in Bernalillo County, 80% AMI for a family of 4 is $80,300. Households between 80% and 150% AMI receive 50% of costs up to the cap.

How much is the rebate for an electric stove?

The HEAR program provides up to $840 for electric stoves, ranges, cooktops, and ovens. Households at or below 80% AMI get 100% of costs covered up to $840. Households between 80-150% AMI get 50% of costs up to the cap.

Do induction cooktops qualify for the rebate?

Yes. Induction cooktops and induction ranges qualify for the same $840 HEAR rebate as traditional electric stoves. Induction models are more energy-efficient and cook faster than conventional electric or gas, making them an excellent choice if you're switching from gas.

Do I need to have a gas stove currently to qualify?

The rebate is primarily designed for electrification, which means replacing gas appliances with electric ones. However, eligibility rules vary by state. Some states may allow the rebate for any qualifying electric cooking appliance purchase, while others may specifically require it to replace a gas unit. Check your state's HEAR program guidelines.

What about the cost of installing a 240V outlet for my new electric stove?

If switching from gas to electric requires new electrical wiring, such as running a 240V circuit to your kitchen, that cost may be covered under the separate $2,500 HEAR wiring rebate rather than the $840 stove rebate. This means the combined rebates for a new electric stove plus wiring could reach $3,340.