Xcel Energy offers the largest utility rebates in Colorado for heat pumps and water heaters. These rebates have been significantly increased through Xcel’s Clean Heat Plan and are available to all Xcel residential customers. No income qualification required.
At UniColorado, we apply Xcel rebates as an upfront discount on your invoice. On a typical cold climate heat pump installation, our customers save $6,400-$9,000 through Xcel alone.
✅ Currently Available
| System Type | Requirements | Rebate |
|---|---|---|
| Air Source Heat pump (ASHP) - Ducted | 15.2 SEER2, 11.7 EER2, 7.8 HSPF2 | $900/cooling ton at 95°F |
| Cold Climate Air Source Heat pump (ccASHP) - Ducted | 15.2 SEER2, 10 EER2, 1.75 COP @ 5°F, 70% Cold Heat | $2,250/heating ton at 5°F |
| MiniSplit Heat pump (MSHP) | 15.2 SEER2, 11.5 EER2, 7.8 HSPF2 | $900/cooling ton at 95°F |
| Cold-Climate MiniSplit Heat pump (ccMSHP) | 16 SEER2, 9 EER2, 1.75 COP @ 5°F, 70% Cold Heat | $2,250/heating ton at 5°F |
| Heat Pump Water Heater | Energy Star Certified | $2,250 |
Most Denver-area homes need a 3-4 ton system. Your contractor calculates the exact heating capacity at 5°F based on the equipment’s published data which determines your rebate amount. These are measurements based on the actual output / configuration of the system. As the system capacity increases, so does the rebate. The actual calculation is for the contractor to figure out and varies depending on the type of system.
All three brands we carry (Mitsubishi, Bosch, Carrier) have models with Xcel rebates that range from $5,000 to $10,000+.
1. We provide a quote that includes the rebate as an upfront discount
2. You see the discounted price on your invoice
3. After installation, we submit the rebate application to Xcel
4. Xcel processes the rebate and pays UniColorado directly
In summary, you pay the “net” amount and UniColorado guarantees the rebate amount and process. It doesn’t get any safer or easier than this!
Xcel’s Whole Home Efficiency (WHE) program adds a 25% bonus on top of the standard rebate portion ($750/ton) if you complete three or more qualifying energy efficiency projects within two years. What that looks like for a 3-ton cold climate heat pump:
All Xcel Energy Gas and electric or gas-only account holders in Colorado are eligble.
The Xcel Energy Rebate is provided to UniColorado customers upfront as a discount. The rebate will be assigned to us.
No, the Xcel Rebates are typically shown in total as discounts. Please double check your estimate to see whether your rebate is assigned to us or not.
No; the application must be submitted by a qualified Xcel Rebate Partner such as UniColorado Heating & Cooling.
The original installing contractor. For our customers, UniColorado will do all the paperwork for our customers.
For most installations with us, the rebate is paid to UniColorado and provided as a discount up-front.
For others, Xcel can send a check or issue a bill credit. For rental properties, the recipient can be the property owner as long as they’re listed as a property owner on the account. This is contigent upon the contractor completing the application and choosing the right system.
Yes, unqualified companies tend to lie to their customers. The rebate is indeed real & we’ve done thousands of rebates over the years. It’s limited to qualified contractors who abide by the Xcel guidelines.
✅ Available
🚫 Mid 2026
✅ Available
✅ Available
🚫 Terminated
🚫 Terminated
UniColorado is the most experienced heat pump installer in the Denver metro area. With thousands of heat pump units installed, we know what works, what’s high quality and what’s worth your time and money.
A heat pump is a HVAC unit that uses electricity to heat and cool your home. It sits outside and moves heat in or out of your house, depending on whether you need heating or cooling.
If your home uses a ducted system, the heat pump works with an indoor furnace or air handler, sending warm or cool air through ducts to all the rooms.
If your home uses a ductless system (also called a mini-split), the heat pump is connected to small indoor units on your walls or ceilings. Each unit warms or cools a single room, and no ducts are needed.
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