Colorado Heat Pump &
HVAC Rebates — All Programs
Xcel standard rebates, Mountain Energy Project high-altitude incentives, and Colorado HEAR income-based grants — everything on one page, with accurate figures straight from Xcel’s official program sheets.
We Credit Your Rebate Upfront — Off Your Invoice
Mini-Splits by Joseph is a participating Xcel Energy contractor. Instead of waiting 6–8 weeks for a rebate check, we deduct the full rebate amount directly from your invoice on installation day. You pay the net cost. We handle the Xcel paperwork.
Standard Xcel Rebates — Heat Pumps & HVAC
| Equipment | Minimum Specs | Standard Rebate |
|---|---|---|
| Air Source Heat Pump (ASHP) — Ducted
Participating contractor required
ElectricGasPro RequiredWhole Home ✓
|
15.2 SEER2, 11.7 EER2, 7.8 HSPF2 | $300 / cooling ton at 95°F |
| Air Source Heat Pump (ASHP) — Non-Ducted (Mini-Split) ElectricGasWhole Home ✓ | 15.2 SEER2, 11.7 EER2, 7.8 HSPF2 | $300 / cooling ton at 95°F |
| Air Source Heat Pump (ASHP) — Mixed Ducted & Non-Ducted ElectricGasWhole Home ✓ | 15.2 SEER2, 11.7 EER2, 7.8 HSPF2 | $300 / cooling ton at 95°F |
| Cold Climate ASHP (ccASHP) — Non-Ducted
COP ≥1.75 at 5°F; capacity ≥70% of 47°F rating
ElectricGasWhole Home ✓
|
16 SEER2, 9 EER2, 9.5 HSPF2 | $750 / heating ton at 5°F |
| Cold Climate ASHP (ccASHP) — Ducted
COP ≥1.75 at 5°F; capacity ≥70% of 47°F rating
ElectricGasWhole Home ✓
|
15.2 SEER2, 10 EER2, 8.1 HSPF2 | $750 / heating ton at 5°F |
| Cold Climate ASHP (ccASHP) — Mixed Ducted & Non-Ducted
COP ≥1.75 at 5°F; capacity ≥70% of 47°F rating
ElectricGasWhole Home ✓
|
15.2 SEER2, 10 EER2, 8.1 HSPF2 | $750 / heating ton at 5°F |
| Ground Source Heat Pump (GSHP) — Closed Loop
Listed on AHRI or energystar.gov
ElectricGasPro RequiredWhole Home ✓
|
16 EER2, 3.3 COP Full Load | $1,100 / heating ton |
| Heat Pump Water Heater (HPWH)
ENERGY STAR® rated
ElectricGasWhole Home ✓
|
ENERGY STAR® rated | $750 flat |
Evaporative Coolers
Smart Thermostats
Smart Thermostat
ENERGY STAR® certified model, eligible to enroll in AC Rewards. See xcelenergy.com for eligible models.
ElectricGasSmart Thermostat — Enrolled in AC Rewards
$100 bill credit upon enrollment, then $25 bill credit each year. Eligible thermostats only — see website for details.
ElectricEligibility: Single-family homes, duplexes, and fourplexes only. Must use Xcel Energy electric service with AC or ASHP, or Xcel Energy natural gas service for home heating. Invoices must be dated 2025 or 2026. Bonus requires fuel-burning system (gas/propane heat). Participating contractor required where noted.
Insulation & Air Sealing Rebates
30% of project cost
| Air Sealing | Cap $400 |
| ≥20% reduction in CFM50 blower door | |
| Wall Insulation | Cap $350 |
| Pre: empty wall cavity → Post: ≥R-13 | |
| Attic Insulation | Cap $500 |
| Pre: <R-24 → Post: ≥R-60 |
Up to 1.5× the standard rebate
| Air Sealing | Up to $600 |
| ≥20% reduction in CFM50 | |
| Wall Insulation | Up to $525 |
| Pre: empty cavity → Post: ≥R-13 | |
| Attic Insulation | Up to $750 |
| Pre: <R-24 → Post: ≥R-60 |
Bonus invoice must be dated in 2025. Cap still applies to the standard portion.
Flat dollar amounts
| Air Sealing | $15 |
| ≥20% reduction in CFM50 | |
| Wall Insulation | $25 |
| Pre: empty cavity → Post: ≥R-13 | |
| Attic Insulation | $60 |
| Pre: <R-24 → Post: ≥R-60 |
Applies to Xcel electric customers with central AC but non-Xcel heating fuel.
All insulation and air sealing rebates require a participating Xcel Energy contractor and a blower door pre- and post-test. Air sealing alone does not qualify without qualifying insulation.
Home Energy Audit Rebates
🏠 Whole Home Efficiency Program
Bundle multiple upgrades and save more. Customers can receive larger attic insulation and washer/dryer rebates, plus a 25% bonus on all standard rebates when three or more qualifying measures are installed within two years of enrolling.
Eligible measures include: heat pumps, insulation, air sealing, water heaters, and more. Attic insulation rebate structure differs under Whole Home Efficiency — see xcelenergy.com for details.
Mountain Energy Project
Dramatically Higher Rebates for High-Altitude Properties
The Mountain Energy Project is a separate Xcel Energy program serving select high-altitude ZIP codes. Rebates are 3–6× larger than the standard Colorado program — up to $7,500/ton for mini-splits and $20,000/ton for ground-source heat pumps.
Mountain Energy — Residential Rebate Summary
| Equipment | Min. Specs | Early Replacement (≤10 yrs, operational) |
Replace on Burnout |
|---|---|---|---|
| ccASHP — Non-Ducted (Mini-Split) | 16 SEER2, 9 EER2, 9.5 HSPF2; COP ≥1.75 at 5°F | $7,500 / heating ton | $4,000 / heating ton |
| ccASHP — Ducted | 15.2 SEER2, 10 EER2, 8.1 HSPF2; COP ≥1.75 at 5°F | $7,500 / heating ton | $4,000 / heating ton |
| Ground Source Heat Pump (GSHP) | 16 EER2, 3.3 COP Full Load; AHRI listed | $20,000 / heating ton | $15,000 / heating ton |
| Heat Pump Water Heater Replaces gas boiler serving space + water heat |
ENERGY STAR® rated, max 80-gal | $4,000 flat | $2,250 flat |
| Gas Furnace (95%+ AFUE) | Replacing non-condensing furnace | $3,000 flat | $1,000 flat |
| New Construction ccASHP | Same cold-climate specs as above | $1,500 / heating ton | |
Mountain Energy requires active Xcel natural gas service at the property. Eligible ZIPs only. See full residential and commercial details →
Colorado HEAR — Home Energy Rebates
Federal IRA Income-Based Grants — Up to $14,000
Colorado HEAR (Home Energy Rebates) provides grants funded by the federal Inflation Reduction Act for qualifying low- and moderate-income households. Unlike Xcel rebates, HEAR is income-based and does not require a fuel-burning system.
These can often be stacked on top of Xcel rebates, significantly reducing your net cost.
Ready to Claim Your Rebate?
We’re a certified Xcel Energy participating contractor. We credit your rebate upfront — you pay the net amount on installation day.
Standard Xcel Rebates: Effective Nov. 16, 2025. Single-family homes, duplexes, and fourplexes only. Bonus requires fuel-burning heating system. Electric-only customers (baseboard heat) eligible for standard rebate only. Invoice must be dated 2025 or 2026.
Gas Furnace/Boiler Rebates: Removed from Xcel offerings effective Jan. 1, 2026. 2025 invoices may be submitted through Sept. 30, 2026.
Mountain Energy Project: Requires active Xcel natural gas service. Eligible ZIPs: 80424, 80435, 80443, 80447, 80461, 80497, 80498, 81649. Program year Dec. 15, 2025–2026. Launch bonus requires install and invoice by Apr. 15, 2026.
Colorado HEAR: Income-based federal grants administered by the State of Colorado. Subject to income qualification and funding availability. See colorado.gov for current status.
All programs are subject to change, cancellation, or funding exhaustion. Verify current availability at xcelenergy.com or call 800-895-4999 before purchasing. Mini-Splits by Joseph is a participating Xcel Energy contractor. · minisplitsbyjoseph.com · 970-798-0096