Colorado headline: Xcel $1,000-$3,000 + state sales-tax exemption + HEEHRA up to $8,000. Combined $4,000-$8,000+.
Active programs
Xcel Energy
Heat pump rebates $1,000-$3,000 depending on equipment efficiency.1
Colorado HEEHRA
Administered by Colorado Energy Office.2 $8,000 cap (≤80% AMI), $4,000 cap (80-150% AMI).
State sales tax exemption
Qualified heat pumps exempt from state sales tax through 2032.3 Effective 4-7% savings on the project.
Other utilities
- Black Hills Energy
- Colorado Springs Utilities
Realistic example
Denver home cold-climate heat pump:
- Install: $16,000
- Xcel: $2,000
- Sales tax exemption: ~$700
- HEEHRA at 80-150% AMI: $4,000
- Net: $9,300