Heat Pump Offers & Rebates

$1,500 Power Ahead Colorado rebate. We file it for you.

$1,500

What you get

• A $1,500 Power Ahead Colorado rebate for eligible homeowners
• We prepare and file the paperwork as an authorized Power Ahead Colorado provider
• Paid to you separately, on top of your Xcel rebate

How it works

1. We confirm your eligibility before you sign
2. We install a qualifying heat pump
3. We file the Power Ahead application, and the rebate is paid to you

For eligible homeowners installing a qualifying heat pump. Eligibility and amounts are set by the Power Ahead Colorado program and confirmed with your quote. Offer valid through 3/31/2027.

Xcel heat pump rebate taken off your price up front

$1,500 per ton

What you get

• Xcel’s cold-climate heat pump rebate of $1,500 per heating ton, based on rated capacity at 5°F
• Credited on your contract at signing, so you never wait for a rebate check
• If Xcel’s final verified rebate comes in lower, your price doesn’t go up

Who qualifies

The new heat pumps must be the home’s primary heat source and carry at least 50% of the home’s heating load.

Single-room or partial installs that heat less than half the home get one flat $500 Xcel rebate instead.

Example

A 3-ton whole-home cold-climate system: 3 × $1,500 = $4,500 off at signing.

Xcel Energy residential electric customers. Equipment must meet Xcel cold-climate requirements (ductless: 16 SEER2, 9 EER2, 9.5 HSPF2; ducted: 15.2 SEER2, 10 EER2, 8.1 HSPF2). Rebate subject to Xcel verification. Offer valid through 3/31/2027.

$0-down heat pump water heater

$0 down + $1,500 rebate

What you get

• An ENERGY STAR heat pump water heater, installed
• $1,500 Xcel rebate credited up front
• The rest financed through ClearPath On-Bill with $0 down, repaid on your Xcel bill at 4.5%–5.49% fixed

Who qualifies for $0 down

• You own the home and are on both the deed and the Xcel electric bill
• At least 6 months of Xcel billing history, no shutoffs in 12 months and no late payments in 6 months
• Household income at or above 80% of your county’s median income

Financing subject to approval by Xcel Energy and the Collective Clean Energy Fund. Rates and terms set by the program. Rebate subject to Xcel verification. Offer valid through 3/31/2027.

No outdoor unit? No problem.

From $4,200 installed

What you get

• The Islandaire EZMB monobloc heat pump: heating and cooling in one indoor wall unit
• No condenser outside and no refrigerant lines, only two small vents
• Usually a one-day install

Best for

• Condos and HOA buildings that don’t allow outdoor units
• Historic homes and single rooms a central system can’t reach
• Replacing a window or through-the-wall AC

$4,200 starting price includes the unit and installation up to two stories. Higher floors and brick or masonry walls cost more. Panel upgrades quoted separately. Offer valid through 3/31/2027.