Tax Incentives Available Through Local Governments and Utility Companies

Some local governments, utility companies, and partner organizations are also providing additional Colorado heat pump rebates on top of the federal and statewide incentives. Here are some of the programs to maximize:

• Xcel Energy rebates: Xcel Energy is the leading electrical utility company in the Boulder and Denver metro areas. The company offers the following Colorado heat pump rebates for households that work with a qualified contractor. You can find information about the rebates here.
• A $2200 off the total installation expense for a cold-climate heat pump (or high-performance mini-splits)(this rebate is applied per outdoor unit, so installing multiple qualifying outdoor units only multiplies the rebate)
• Alternatively, a $1,700 off the cost of other air-source heat pumps that meet comparatively modest efficiency and performance specifications

If you are working with a different utility company, they are likely offering some Colorado heat pump rebates, too. Currently, over 50 programs in Colorado provide savings on heat pump adoption.

Top Reasons to Switch to a Heat Pump in Denver, CO

Here are some reasons why you might consider switching to a heat pump:

Energy efficiency: Heat pumps are known for their high energy efficiency. They use electricity to transfer heat from one space to another instead of directly generating heat. For Denver, CO homeowners, this means substantial energy savings and reduced utility bills thanks to the region’s climate and available local incentives. This efficiency can lead to reduced energy bills over time.

Environmentally friendly: Because they move heat rather than generate it, heat pumps produce fewer greenhouse gas emissions compared to furnaces or other heating systems that burn fossil fuels. This makes them a more environmentally friendly option, especially if you want to minimize your carbon footprint.

Heating and cooling in one: Heat pumps can both heat and cool your home, serving as a two-in-one system. They operate as an air conditioner during warmer months by extracting heat from inside your home and releasing it outside. In colder months, they reverse the process by extracting heat from the outside air (geothermal source) and transferring it indoors.

Let The Heat Pump Store Denver Help You Heat Pump Incentives, Tax Credits, & Rebates

As Colorado embraces a greener future, numerous incentives, tax credits, and rebates are available to support your transition to heat pumps. The Heat Pump Store Denver is your local expert in making the switch to energy-efficient heating and cooling solutions. Contact us today to learn how to save on your energy-efficient HVAC upgrade with heat pump rebates in Colorado.