Considering switching your furnace and AC for a heat pump system? Colorado is incentizing homeowners to replace their existing HVAC systems with energy-efficient options more than ever with expanded heat pump incentives. Colorado residents can quality for thousands of dollars in savings on heat pumps, which are more efficent and environmentally friendly, keeping homeowners comfortable throughout the entire year.
UniColorado Heating & Cooling is a registered contractor for all of the available rebate programs. We are proud to offer all possible heat pump incentives and rebates to our valued homewoners. Find the federal and Colorado heat pump rebates programs we participate in and how these can impact your new system estimate below!
Homeowners can take advantage of multiple statewide and local heat pump rebate programs for their new heat pump systems. This includes tax incentives for installing a new, energy-efficient system and significant discounts from utility companies like Xcel Energy.
The best part? Homeowners can kick back and relax – UniColorado Heating & Cooling handles everything from the paperwork to the install for our customers.
Energy Star-certified air source heat pumps are eligible for a $1,500 tax credit. HVAC contractors like UniColorado install the heat pump and receive the tax credit. From there, they provide the homeowner with a $500 discount. Homeowners don’t need to do anything to receive this credit.
UniColorado provides homeowners with larger discounts for qualifying systems. Check out our Colorado Heat Pump Tax Credit page for more information.
Multiple utility providers, local governments, and their partners work together provide heat pump incentives to Colorado residents looking to install an energy-efficient system. Homeowners have access to over 40 heat pump rebate programs in Colorado as of January 2024.
As of January 2025, there are three federally funded incentive programs in Colorado (in additional to national tax credits) that provide rebates for homeowners to increase energy-savings and upgrade to high-efficiency equipment.
Below is a quick summary of all the heat pump rebates that Colorado homeowners have access to.
Implemented in January 2024, the Colorado Heat Pump Tax Credit provides Colorado residents who install a qualified heat pump through a registered contractor with a tax credit as a discount at the time of installation. The tax credit applies to heat pumps that are installed for both space and water heating purposes. All Colorado residents qualify for this rebate program.
Through the Colorado Heat Pump Tax Credit, homeowners can receive discounts up to $1,500 for heat pumps that cover at least 80% of their annual heating needs. Find out more by clicking the “Learn More” button below.
✅ Available
The City & County of Denver incentivizes Denver residents to electrify their homes via the Denver Climate Action Rebate Program (CARe). Denver homeowners can save up to $18,000 on a heat pump system with Denver CARe and other incentives. Eligible equipment can include Air Source Heat Pumps, MiniSplit Heat Pumps, Heat Pump Water Heaters, and more.
The rebate amount is applied as a discount by the contractor on eligible installations at the time of purchase. Single family, duplex and townhome properties located in the City & County of Denver are eligible for this rebate program. Additonally, homeowners must have an active Xcel Gas & Electric account at the property to qualify.
UniColorado is proud to be a top participant in this historical program. Find out more by clicking the “Learn More” button below.
✅ Available
Xcel Energy offers a variety of rebates and incentives to homeowners throughout the Denver metro area. Denver homeowners can save between $5,000 to $15,000 on new system installations with Xcel Energy rebates and other incentives. Eligible equipment can incude Air Source Heat Pumps, MiniSplit Heat Pumps, Heat Pump Water Heaters and more. Homeowners must have an active Xcel gas or gas and electric service at the property to be eligible.
As the most experienced heat pump installer in Colorado, UniColorado is proud to guide our valued homeowners through the Xcel Energy rebate process. Find out more by clicking the “Learn More” button below.
✅ Available
In partnership with Boulder County, EnergySmart encourages Boulder homeowners to enhance their homes’ energy efficiency through installing heat pumps and other greener HVAC systems. Boulder homeowners must work with an EnergySmart advisor and pre-qualify before they apply for these rebates and begin a project.
Homeowners can save up to $300 with the EnergySmart Rebates program. Find out more by clicking the “Learn More” button below.
✅ Available
The Denver Regional Council of Governments (DRCOG) is currently developing a major rebate program that is funded by the EPA’s Climate Pollution Reduction Grant. DRCOG rebates are financial incentives that aim to make clean energy and energy efficiency upgrades more accessible and affordable. The goal? Assist residents and businesses in their efforts to transition to energy-efficient solutions like heat pumps. Eligible equipment may include heat pumps, electric water heaters, electric cooktops, and renewable energy options.
This rebate program is currently unavailable. Homeowners can expect to take advantage of these rebates as early as October to December 2025. Find out more by clicking the “Learn More” button below.
🚫 Late 2025
In 2025, the Colorado Energy Office plans to launch two major rebate programs that aim to make energy-efficient upgrades more efficient to all Colorado homeowners:
UniColorado is proud to expand our rebates offerings to our valued homeowners through both the HEAR and HOMES programs. Find out more by clicking the “Learn More” button below.
🚫 Mid 2025
Through the Inflation Reduction Act (IRA), homeowners are encouraged to adopt energy-efficient home improvements through significant federal tax credits. These tax credits help reduce the cost of upgrading to more energy-efficient systems, such as heat pumps, water heaters, and more. Homeowners who qualify receive this tax credit when they file their federal tax credits with UniColorado’s documentation and guides.
Beginning in spring 2025, IRA rebates will be disbursed through the HEAR and HOMES programs. Find out more by clicking the “Learn More” button below.
✅ Available
Absolutely! Colorado homeowners can combine multiple federal, state, and local rebates as part of their estimate as long as they meet all required eligibility criteria for each one. See an example from a real UniColorado customer below.
At UniColorado Heating & Cooling, we’ve been at the forefront of energy-efficient heating and cooling solutions for years. As pioneers in heat pump technology, we combine cutting-edge expertise with a deep commitment to helping homeowners save money and live comfortably. Here’s why we’re the best partner for your HVAC upgrade:
If you’re ready to upgrade your HVAC system and take advantage of the incredible rebates available in 2025, trust UniColorado Heating & Cooling to make it happen. Contact us today for a free consultation and let’s get started on your journey to a more comfortable, energy-efficient home.
