Eligible Equipment & Rebates | Max Rebate Amount | Efficiency Required | Typical Use Case | Typical Price Range (installed) | Typical customer's share of cost | Notes | Picture |
---|---|---|---|---|---|---|---|
Air Source Heat Pump (Including Dual Fuel) | $7,200 | 15+ SEER, 11.5+ EER, 9+ HSPF | Homes with existing furnace & ducts | $14,000 -$22,000 before rebates | $7,000-$10,000 | - Typically in stock - Typically installed with gas furnace backup | ![]() |
Cold Climate Air Source Heat Pump | $9,000 | 18+ SEER, 9.5 HSPF | Homes with existing furnace & ducts | $15,000 -$25,000 before rebates | $9,000-$12,000 | - Hard to find (Oct-Nov quoted by factories) - Typically fully electric or with high efficiency furnace | ![]() |
Mini-Split Heat Pump | $4,500 | 15+ SEER, 11+ EER, 9+ HSPF | Homes with no ducts | Single zone (1 indoor unit): $5400 Multi zone (multiple indoor units): $8000-$27,000 | $1,500-$2,000 | - Wall mount single-zone typically in stock - Multi-zone harder to find | ![]() |
Cold Climate Mini-Split Heat Pump | $5,400 | 18+ SEER, 11+ EER, 9.5+ HSPF | Homes with no ducts & no backup heating mechanism | Single zone (1 indoor unit): $6000 Multi zone (multiple indoor units): $10,000-$35,000 | $2,000-$3,500 | - Wall mount single-zone typically in stock - Multi-zone harder to find | ![]() |
Electrical Service Upgrade (Panel) if needed for ASHP or Mini | $2,000 | Licensed Electrician (Provided by UniColorado) | - Panels that have no space or require upgrading - Electrical work needed to fit ASHP or MSHP | $1500-$7000 before rebates | $400-$5,000 | - All-in-one panel difficult to find - Electrical panels / breakers short in stock - Electrical work is typically delayed |