Cooling Efficiency

New Mexico businesses can lower upfront costs and shorten payback periods on qualified cooling equipment with our Cooling Efficiency rebates.

Cooling is the number two user of electricity for most commercial buildings. New cooling equipment is at least 20% more efficient than units just 15 years old, and the most-efficient new units are up to 52% more efficient than the minimum-efficiency models. (Source: E Source by Platts).

Upgrade your cooling system and bolster your organization’s bottom line with significant money and energy savings over time.

When you take advantage of our Cooling Efficiency rebates, you:

• Earn a prescriptive rebate up to 50% of incremental costs on average.
• Lower upfront costs and shorten your payback period on new high-efficiency cooling units.
• Benefit from at least a 20% increase in cooling efficiency compared to older units.
• Save money on your cooling costs over time while increasing comfort in your facility.

Prescriptive rebates

Earn fixed rebates for purchasing new energy-efficient cooling equipment. Rebate levels are designed to average 50% of incremental cost. See Who qualifies for more details.

To be eligible, you:

• Must be a business electricity customer of Xcel Energy in New Mexico.
• Must purchase new qualifying cooling systems (see list of qualifying equipment).
• Can not apply for rebates on used, rebuilt or refurbished equipment.

Our rebates lower your up-front cost and shorten your payback period for qualifying:

• Chillers (air cooled, centrifugal and screw or scroll)
• Condensing units
• Rooftop units (RTU)
• Split systems
• Packaged terminal air conditioners (PTAC)
• Water source heat pumps
• Hotel room controllers
• Economizers
• Direct and indirect evaporative cooling

See the back of the rebate application for additional details.

1. Purchase and install new qualifying cooling equipment. Customers have 12 months from the equipment invoice date to apply for a Cooling Efficiency rebate.
2. Fill out the rebate application. Please note the application process section in the Rules and Requirements section of the form. (All information needs to be supplied before a rebate check can be issued.)
3. Send the completed application along with the original paid invoices to the address, fax number or email address provided in the application instructions.

For any questions on our Cooling Efficiency rebates, call our Business Solutions Center at 1-800-481-4700 or email bsc@xcelenergy.com.