PNM is launching the 2026 Business UpLift (BUL) Pilot Program, a new initiative designed to help small businesses in Albuquerque reduce energy costs, improve safety and invest in energy efficient upgrades.
The pilot focuses on businesses located in Metropolitan Redevelopment Agency (MRA) areas—neighborhoods identified by the City of Albuquerque as facing economic challenges. These include areas such as Barelas, Downtown, West Central, South Broadway, Sawmill/Wells Park and other designated districts across the city. If this initial Albuquerque pilot proves to be successful, the program will eventually expand across all of the PNM service territory.
Eligible businesses can receive enhanced rebates for energy efficient improvements through the PNM Business Energy Efficiency program. Qualifying upgrades may include lighting, HVAC systems and heat pumps, commercial refrigeration, appliances and programmable thermostats.
To encourage meaningful upgrades, the program offers larger incentives for completing multiple improvements. Businesses that install one qualifying measure can receive double the standard rebate, while those completing two or more upgrades may qualify for even higher incentive levels.
The pilot includes a $100,000 total incentive pool, distributed directly to participating businesses on a first come, first served basis. This program is expected to generate significant energy savings while helping local businesses lower operating costs.
Applications for the Business UpLift Pilot will be accepted through October 16, 2026, or until funding is fully allocated.
Small business owners in eligible areas are encouraged to watch for upcoming outreach and learn how they may qualify.
For more information on this program, or to apply, call 505-938-9400 or email energyefficiency@pnm.com.
*PNM reserves the right to modify or discontinue this program for any reason, at any time, with or without notice.