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, and sources disagree on whether enrolling in PNM's off-peak EV rate is optional or required.

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 own page describes an “up to two rebates per service address” limit; a third-party rebate tracker (rebates4evchargers.com) instead lists a one-rebate-per-address cap. That’s a real conflict between PNM’s own site and a source that otherwise tracks the program accurately, so if a two-charger household is planning around getting two rebates, confirm the current per-address limit with PNM directly before buying a second unit.

The Whole-Home EV rate: optional, or 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 own rebate page describes its Whole-Home EV rate — roughly 3 cents per kWh overnight between 10pm and 5am — as an optional but recommended add-on, not a rebate condition. A third-party rebate tracker instead lists enrollment in that same rate plan, plus being on PNM’s residential rate 1A or 1B, as hard eligibility requirements. We’re flagging this conflict rather than picking a side: if you’re applying for the rebate and don’t want a rate-plan surprise, ask PNM directly whether Whole-Home EV enrollment is required before you submit your application, not after.

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. Ask about the Whole-Home EV rate before applying, since sources disagree on whether enrollment is required for rebate eligibility.
  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. The catch is two genuine conflicts between PNM’s own site and third-party trackers — the per-address rebate limit and whether the off-peak rate is required — so confirm both directly with PNM before you buy. 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.