Estimated Total Cost
For your 1,800 sq ft home
$6,800–$9,200
After PNM rebate: $6,400 – $8,800
Cost Breakdown
Package unit, SEER2 16-17 $5,000 – $7,200
Electrical Work $300 – $500
Panel Upgrade $1,500 – $2,500
Ductwork $500 – $2,000
Swamp Cooler Removal $200 – $400
Permits & Inspection $150 – $300
PNM Rebate
$400
SEER2 16-17 qualifies for PNM rebate
Federal Tax Credit (Heat Pumps)
Up to $2,000
Inflation Reduction Act — 30% of cost, up to $2,000
Swamp Cooler
$35–$50
/mo (Jun–Sep)
Refrigerated Air
$80–$130
/mo (Jun–Sep)