Albuquerque electricity provider PNM is launching a new initiative that aims to help small businesses in Albuquerque reduce energy costs, improve safety, and invest in energy-efficient upgrades. The 2026 Business UpLift (BUL) Pilot Program targets small businesses in neighborhoods identified by the City of Albuquerque as facing economic challenges. If the Albuquerque pilot proves to be successful, the program will eventually expand across all of PNM’s service territory.

According to a PNM press announcement, businesses, such as those located in Barelas, Downtown, West Central, South Broadway, Sawmill/Wells Park, and other designated districts, may be eligible to 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 notices about how they may qualify. Or they may contact the program office by phone at 505-938-9400 or email at EnergyEfficiency [at] PNM.com. Don’t hesitate because PNM reserves the right to modify or discontinue this program for any reason, at any time, with or without notice.

Thanks to DreamSpring for noticing this program.

Not in the areas mentioned? Small businesses located in rural New Mexico should look into the Rural Efficient Business Program.