Quick answer: PNM (Public Service Company of New Mexico) covers up to $500 for a Level 2 home charger and up to $1,500 for installation — $2,000 total, capped at 100% of project cost. Income-qualified customers can get up to $4,250 total ($750 charger + $3,500 install, plus an added low-income stack per one source). Chargers must come from PNM's approved list. PNM's current official program page confirms the off-peak Whole-Home EV rate is optional, not a rebate condition, and that up to two rebates are allowed per service address.

Last updated 2026-08-28: re-verified directly against PNM's current Transportation Electrification Program marketplace page. Both previously flagged conflicts are now resolved in PNM's favor — the Whole-Home EV rate is confirmed optional, and the per-address limit is confirmed at two, not one. A third-party rebate tracker's older "required" and "one-per-address" figures appear to be outdated.

Most utility rebates in this series pay for the charger only. PNM splits its rebate into two pieces — equipment and installation labor — which matters if your install runs long due to panel work or trenching, since the labor side alone can cover most of a straightforward job.

$2,000 standard, up to $4,250 income-qualified

TierCharger rebateInstallation rebateTotal
StandardUp to $500Up to $1,500Up to $2,000
Income-qualifiedUp to $750Up to $3,500Up to $4,250

Both tiers cap the total reimbursement at 100% of what you actually spent — PNM won’t pay out more than your real invoice, even if that’s below the maximum. PNM’s current official program page confirms an “up to two rebates per service address” limit — a third-party rebate tracker (rebates4evchargers.com) previously listed a one-rebate-per-address cap, but that figure looks outdated against PNM’s own current site, so a two-charger household planning around two rebates can go by PNM’s stated limit.

The Whole-Home EV rate: optional, not required

ChargePoint Home Flex

~$549-649 · 16-50A adjustable / up to 12 kW · J1772 or NACS · 23-ft cable · 3-year warranty
  • ChargePoint appears on the approved-charger list a third-party rebate tracker attributes to PNM, and its built-in Wi-Fi satisfies any connectivity requirement without extra hardware.
  • The 16-50A adjustable output works whether your electrician runs a 40A or 50A circuit.
  • See our full ChargePoint Home Flex review for the hardwired-versus-plug breakdown.
Check price on Amazon →

Ordering chargers and installation hardware for more than one property at once? A free Amazon Business account unlocks quantity discounts and tax-exempt purchasing, which matters more once you’re buying beyond a single garage’s worth of gear.

Autel MaxiCharger AC Wallbox

$399-549 · 16-50A adjustable / up to 12 kW · J1772 or NACS · color touchscreen
  • Autel also appears on the third-party-tracked approved list, and its adjustable amperage covers the same range of circuit sizes as ChargePoint.
  • Its touchscreen interface works without a phone app, useful if you'd rather not rely on connectivity for day-to-day charging.
  • Read our full Autel MaxiCharger review to see how it compares on price and features.
Check price on Amazon →

PNM’s current official program page describes its Whole-Home EV rate — roughly 3 cents per kWh overnight between 10pm and 5am — as an optional add-on with its own separate enrollment link, not a rebate condition. A third-party rebate tracker previously listed enrollment in that same rate plan as a hard eligibility requirement; that appears to be outdated against PNM’s current site. You can apply for the standard rebate without enrolling in Whole-Home EV, though the off-peak rate is worth adding anyway once you’re charging overnight.

How to actually claim it

  1. Confirm your PNM residential account is active at the service address where the charger will be installed.
  2. Check PNM’s current Qualified Product List before buying — the third-party-tracked list names Autel, Blink, ChargePoint, JuiceBar, and Nuvve, but PNM’s own page points to a separate PDF that may have since changed.
  3. Choose an application path: use a Program Authorized Contractor for an instant rebate at point of sale, or self-install (or use any contractor) and apply online afterward.
  4. Enroll in the Whole-Home EV rate separately if you want it — it’s optional, not a rebate condition, so don’t let it hold up your application.
  5. Income-qualified households should apply through the income-qualified track for the larger $4,250 combined tier rather than the standard $2,000 tier.

The bottom line

PNM’s split charger-plus-installation structure can cover more of a real install than a flat one-time number, especially if labor runs long. Two points that used to be genuinely conflicting between PNM’s own site and third-party trackers are now resolved by checking PNM’s current program page directly: up to two rebates per service address, and the off-peak Whole-Home EV rate is optional, not required. ChargePoint and Autel clear the third-party-tracked approved list and already have full reviews on this site. Our EV charger rebate guide covers programs outside PNM territory, and our EV charger installation cost guide breaks down what a typical install runs before any rebate is applied.