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Xcel Energy rebates in Colorado · Updated October 17, 2026

Not affiliated with Xcel Energy

Xcel Energy rebates in Colorado for 2026

What Xcel pays now for each upgrade, and two rebates that add on top.

See the amountsFind rebates for my house

Not affiliated with Xcel Energy.

A two-fan Mitsubishi heat pump on a stand beside a red brick ranch house, its lines in covers along the wall
A Mitsubishi heat pump beside a brick ranch house.

What Xcel pays now

The higher amount is for homes heated with Xcel gas.

Xcel Energy Colorado rebate amounts, checked October 17, 2026
UpgradeHeat with Xcel gasXcel electric only
Cold-climate heat pump, ducted or mini-splitA 3-ton system on Xcel gas gets $4,500.$1,500 per heating ton$750 per heating ton
Standard heat pump$600 per cooling ton$300 per cooling ton
Heat pump water heaterThe higher amount replaces a gas water heater.$1,500$750
95% gas furnaceReplacing an 80% furnace, installed in 2026.$225None
Smart thermostat$50$50
Attic, wall insulation and air sealingUp to $500 attic, $400 air sealing, $350 walls.1.5× standard30% of the cost

Adds to Xcel’s heat pump rebate

  • $1,000State of Colorado Heat Pump Discount. Off the invoice, any utility.
  • $1,500Power Ahead Colorado. Denver metro, no income limit.

Checked October 17, 2026. Every Colorado program

Cut on October 1

Before Oct 13×StandardBonusBonusSince Oct 12×StandardBonusBonus

Cold-climate heat pumps on Xcel gas went from $2,250 to $1,500 per heating ton.

What changed, with amounts

Deadlines

Dec 31 Last day to install and invoice a 95% furnace for Xcel’s $225 rebate. Aurora F-3 rebates end the same day.

Sep 30, 2027 Last day to file your own Xcel rebate for a 2026 install.

Current Xcel amounts

Find the rebates for your house

Gas company
Electric company
Where the house is
What you’re pricing

Dual fuel, Denver

3rebates you can get2 more depend on the address

  1. Xcel heat pump
  2. State discount
  3. Power Ahead

  1. Applies

    Xcel cold-climate heat pump rebate

    $1,500 per heating ton. A 3-ton system gets $4,500.

  2. Applies

    State of Colorado Heat Pump Discount

    $1,000 off the invoice.

  3. Applies

    Power Ahead Colorado

    $1,500 in the Denver metro. No income limit.

  4. Depends on the address

    Xcel high-efficiency furnace rebate

    $225 for a 95% furnace replacing an 80% one, installed in 2026.

  5. Depends on the address

    Xcel Aurora F-3 Project rebate

    A 95% furnace replacing an 80% one adds a rebate. Inside Xcel’s Aurora map only, through December 31.

No longer paying here

  1. Closed here

    HEAR income-qualified rebate

  2. Ended

    Our rebate match

  3. Ended

    Denver Climate Action Rebate

  4. Ended

    Federal 25C tax credit

Get a price with these applied

Who files Xcel rebates

Your installer files the heat pump rebate. You can file furnace, thermostat and water heater rebates yourself until September 30 of the year after the install.

EstimateRebate lines

  • Xcel heat pump rebate
  • State of Colorado Heat Pump Discount
  • Power Ahead Colorado

Your priceafter every line above

A Mitsubishi ductless head above the dining table in an open living room
A Mitsubishi ductless head above a dining table.

Heat pumps and water heaters we’ve installed

  • Two Carrier heat pumps on raised stands on a flagstone patio behind a brick house
  • A ductless head mounted high on a cedar-paneled wall above a brick fireplace
  • A Bosch heat pump water heater with copper piping and an expansion tank in a basement
  • A heat pump on a pad in gravel beside a stone-and-siding house under a pine tree
  • A ductless head high on a wood-paneled gable wall above French doors
  • A new outdoor unit on a composite pad beside tan siding, below a window
  • A Mitsubishi heat pump on a raised stand against a tan brick wall
  • A two-fan Mitsubishi heat pump on a stand against red brick, with its branch box beside it

Photo estimate

Get a price with every rebate taken off

Send four photos for a price with each rebate on its own line.

  1. Furnace
  2. Outdoor unit
  3. Water heater
  4. Electrical panel
1. Your details2. Photos or quote
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