Unlock Thousands in Rebates for Home Heat Pump Upgrades
Upgrade your home with high-efficiency heat pumps and take advantage of Xcel Energy rebates or HEAR incentives of up to $14,000. If you qualify, our team handles everything, from eligibility to installation, so you can save with confidence.
Depending on your home and household income, you may qualify for rebates through Xcel Energy, the HEAR program, or stack rebates from both programs. Use the tools below to see which options may apply to you.
Colorado Xcel Rebate Calculator
Quickly estimate rebates based on equipment type and system size (in tons). Includes 0.5-ton increments.
Rate: $0
Ready. Choose options and calculate.
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Rebate incentive amounts are subject to program changes.
See If Your Home Qualifies for Colorado Xcel Rebates
- Must receive electric or gas service from Xcel Energy in Colorado
- Applies to existing homes only
- Available for single-family homes, duplexes, and fourplexes
- Eligible for ducted, ductless, or mixed heat pump systems
- Includes ENERGY STAR® heat pump water heaters
- Rebate amounts are subject to change by the program
Eligible Upgrades & Savings
for Cold Climate Heat Pump
$2,250
per heating on at 5°F
for Heat Pump Water Heater
$2,250
per unit
for Standard Air Source Heat Pump
$900
per heating on at 5°F
See How Much HEAR Can Cover for Your Home
- Low-Income: Under 80% AMI → Up to 100% of project costs (max $14,000)
- Moderate-Income: 80%–150% AMI → Up to 50% of project costs (max $14,000)
- Covers single-family households statewide
- Incentives vary by county and household size