Save up to $10,000 on a heat pump with limited time rebates
Coloradans qualify for up to FOUR separate rebates and tax credits on a heat pump. See what you qualify for, then book a 10 minute call for an estimate specific to your home
The Rebate Stack
Up to $10,000 for a cold-climate heat pump replacing a furnace
Xcel
Black Hills Electric
$2,500 for a cold-climate heat pump
$350 off from the State of Colorado
State Tax Credit
Up to $10,000 off your purchase if your household is income qualified.
EXPIRES August 31, 2026
Colorado HEAR
What are the HEAR rebates?
The Colorado Energy Office launched the HEAR rebate program in November 2025 for income-qualified homeowners to save big on heat pumps and other electric upgrades with instant rebates up to $14,000 (up to $10,000 for a heat pump!)
If you qualify now is the time to act as these rebates will expire August 31, 2026.
Learn more about the program at this link.
Who qualifies?
If you live in Huerfano, Pueblo, Las Animas, Fremont or Custer Counties and your household income is under the following amounts, you qualify!
For all other counties refer to this link.
What products qualify?
What could a heat pump actually cost?
For a Pueblo homeowner, income-qualified rebates from the state and rebates from their utility cut the price of a heat pump to under $2,000.
For another La Veta homeowner, rebates from their utility, San Isabel, plus a state discount cut the price by more than half.
At these prices, a heat pump (which offers heating and cooling in one system) costs less than a new furnace or a new AC.
