We will provide the rebate instantly to you, and later collect it from Xcel.

To proceed, you will need to sign over the rebate to us, designating us as the recipient.

There is currently no limit on the number of rebates a household can receive.

FAQ: How Does a $6,500 Rebate Credit Work on a $20,000 Installation?

If your installation costs $20,000 and you qualify for a $6,500 rebate credit, here’s how it applies:

1. Upfront Cost Reduction – We apply the $6,500 rebate instantly, reducing your out-of-pocket cost at the time of purchase.
2. New Balance – After the rebate, your adjusted installation price becomes $13,500.
3. Payment Options – You pay the remaining balance through your chosen payment method (cash, financing, or another rebate if applicable).
4. No Additional Steps Required – We handle the rebate claim with Xcel, so you don’t have to wait for reimbursement.

Let us know if you have any other questions!

Xcel Energy offers rebates for installing cold climate heat pumps (ccASHP) in Colorado. To qualify, the equipment must meet specific efficiency and performance standards

• Efficiency Ratings: The heat pump should have a minimum of 15.2 SEER2 (Seasonal Energy Efficiency Ratio), 10 EER2 (Energy Efficiency Ratio), and a COP (Coefficient of Performance) of at least 1.75 at 5°F.
• Heating Capacity: At 5°F, the heat pump must maintain at least 70% of its heating capacity compared to its performance at 47°F
• Approved Listings: The unit should be listed on the Northeast Energy Efficiency Partnerships (NEEP) database, which verifies its performance in cold climates.

Additionally, to be eligible for the rebate:

• Service Requirements: You must be an Xcel Energy customer using either their electric service with air conditioning or air-source heat pump, or their natural gas service for home heating.
• Property Type: The program is available for single-family homes, duplexes, and four-plexes.
• Installation: The heat pump must be installed by a contractor participating in Xcel Energy’s program to ensure proper installation and compliance with rebate requirements.

By meeting these criteria, you can benefit from Xcel Energy’s rebates for cold climate heat pumps, which are designed to promote energy efficiency and reduce heating costs in colder regions.

Heat pumps are an effective and energy-efficient heating solution, even in Colorado’s coldest climates. Modern cold-climate air-source heat pumps (ccASHPs) are specifically designed to perform well in freezing temperatures, efficiently extracting heat from the outdoor air even when temperatures drop below 0°F. These advanced systems use enhanced compressors and refrigerants that allow them to maintain 70% or more of their heating capacity at 5°F, ensuring reliable warmth throughout the winter. Many models are listed on the Northeast Energy Efficiency Partnerships (NEEP) cold-climate database, verifying their ability to operate in extreme cold. Additionally, when paired with a backup heat source—such as electric resistance heating or a gas furnace—heat pumps provide a seamless, efficient heating solution for Colorado homes, reducing energy costs and reliance on fossil fuels

A heat pump is an energy-efficient system that transfers heat rather than generating it, making it an effective solution for both heating and cooling. In cold weather, the heat pump extracts heat from the outdoor air—even in freezing temperatures—and transfers it indoors using a refrigerant cycle. The refrigerant absorbs heat as it evaporates in the outdoor unit, then compresses to increase its temperature before releasing the heat inside the home. In warm weather, the process reverses, with the heat pump acting like an air conditioner by removing heat from indoors and expelling it outside. This cycle allows heat pumps to provide year-round comfort while consuming significantly less energy than traditional heating and cooling systems.