Public Service Company of New Mexico (PNM) and your EV charger
Public Service Company of New Mexico (PNM) offers 2 electric vehicle (EV) programs in New Mexico that we have verified against its own published terms, listed below with the amount, the funding status and the date we checked.
Federal listing checked null
| Program | Type | Who qualifies | Amount | Status | Checked | Source |
|---|---|---|---|---|---|---|
| PNM Residential EV Charger Rebates | EV program | Residential | $500 tiered | Open | 2026-09-08 | ev.pnm.com |
| PNM Commercial EV Charger Rebates | EV program | Commercial | $5,000 per port | Open | 2026-09-08 | ev.pnm.com |
Verified programs
Capped at $2,000.
- PNM residential electric customer in New Mexico
- Income-qualified tier requires enrollment in a qualifying low-income program (specific program list not itemized on the fetched page)
- Up to two rebates per service address at either tier
Capped at $50,000.
- PNM commercial account in New Mexico
- Level 2: workplace, fleet, or public-use installation
- DC Fast: fleet or public-use installation
- Separately metered dedicated EV circuit required for the electric-rate pilot
Conditions are quoted from each program’s own published terms as we read them on the date shown. Meeting them is what makes an application eligible; it is not an approval, and a utility can apply requirements it does not publish.
Not in the federal directory
The Department of Energy’s Alternative Fuels Data Center does not carry a listing for Public Service Company of New Mexico (PNM). That is a gap in the federal directory rather than a statement about this utility — what appears above was read directly from the utility’s own published material.
Where the federal credit went
There is no federal EV charger tax credit for equipment placed in service after June 30, 2026. Section 30C was terminated by section 70504 of Public Law 119-21. Any quote or article that nets a federal credit against your cost today is out of date — which is most of them.
Utility’s own page: https://ev.pnm.com/residential-ev-charger-rebates/
Price the install for your address
Whatever Public Service Company of New Mexico (PNM) does or does not pay, the install cost is driven by your panel, the run and the permit. Model it in a couple of minutes.