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  5. Did Xcel Just Triple Their Rebate in Colorado?

Did Xcel Just 3x Their HVAC Rebates?

Yes, there's a significant increase for 2025.

In an effort to incentivize homeowners towards more efficient HVAC systems, Xcel Energy (“Xcel”) has anounced significant changes to their 2025 residential HVAC rebate program for Colorado residents as a part of the Clean Heat Plan.

xcel energy in Colorado
Xcel Energy Building in Downtown Denver. Photo Credit:Jirsa Hedrick
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What are the details?

Xcel serves as the largest gas & electric utility provider in the state of Colorado. Xcel’s main service area is the Denver metro area. As part of their decades-long efforts to support green initiatives throughout Colorado, Xcel has paid rebates to eligible customers who upgrade their HVAC, insulation, and more.

xcel energy service area in colorado
Xcel Energy Service Area in CO

To incentivize even more homeowners, Xcel has decided to signficantly increase their HVAC rebates for 2025 and expects this program to last for 8 to 12 months. However, they reserve the right to terminate or change terms at any time. Please see the below table for a comparison:

Why did Xcel increase rebates in 2025?

Xcel significantly increased their heat pump rebates to help homeowners switch to greener and more efficient systems. This is part of Colorado’s Clean Heat Plan, which directs utility providers to reduce emissions and rely on fossil fuels less.

The goal? Make energy-efficient systems like heat pumps more affordable for everyone. By upgrading, homeowners can save on energy bills, reduce their carbon footprint, and help Colorado hit its clean energy targets.

In the process, homeowners can also put extra money back in their pocket when they upgrade their HVAC system. 

How can homeowners take advantage?

  • Eligibility:
    • You must have an active Xcel gas or gas/electric service at your property.
    • The system you want to install must meet Xcel’s energy efficiency criteria.
  • Hire a Qualified Contractor:
    • Rebates require installation by a certified professional like UniColorado Heating & Cooling.
    • The contractor must ensure your installation meets all the requirements.
  • Application Process:
    • Homeowners cannot apply for rebates directly. Your contractor must submit the application to Xcel.
    • At UniColorado, we take care of the entire process for you. We provide Xcel rebates as a discount upfront.
  • Act Quickly:
    • Rebates are available for a limited time, and terms may change at any time. Don’t miss this opportunity to save big on your upgrade!
xcel hvac rebates

✅ Available

Xcel Energy Rebates

For Xcel account holders. Available Now.

What is the funding source for Xcel's rebates?

Xcel’s HVAC rebates are funded through a mix of utility initiatives and state mandates. Here’s how it works:

  • Utility Efficiency Programs:
    Xcel allocates a portion of the money collected from utility bills to fund energy-saving programs like rebates. This helps the utility meet state efficiency and emission reduction targets.
  • Colorado’s Clean Heat Plan:
    Legislation like the Clean Heat Plan requires utilities to take steps to lower greenhouse gas emissions. To comply, Xcel invests in programs that encourage homeowners to switch to energy-efficient systems.
  • Shared Benefits:
    While part of the funding comes from utility budgets, the overall goal is to reduce energy consumption and emissions. This benefits everyone by keeping future energy costs down and improving environmental sustainability.

By taking advantage of these rebates, you’re not only saving money, but also helping Colorado achieve cleaner, greener future.

replace boiler with minisplit system
Mitsubishi Cold Climate Heat Pump

How long will Xcel's 2025 rebate program last?

Xcel Energy has stated that the 2025 HVAC rebate program is expected to run for 8 to 12 months, starting in early 2025. However, Xcel can modify, change, or pull rebates at any time at their discretion. Homeowners can do the following to ensure they don’t miss this opportunity:

  • Act Quickly: Reach out to UniColorado Heating & Cooling early in the year to start your upgrade process.
  • Secure Your Rebate: Rebates are distributed on a first-come, first-served basis, so it’s better to act now than wait.

Remember, this is a time-sensitive opportunity, and there’s no guarantee the program will be renewed at the same levels in the future. Don’t miss your chance to save big while upgrading to a more energy-efficient system!

Can Homeowners stack rebates?

Yes! Homeowners in Colorado can potentially stack multiple rebate programs for even greater savings. In addition to Xcel’s 2025 rebates, here are some other options you can explore:

denver heat pump rebates

✅ Available

Denver CARe

For Denver county residents.

energy smart yes logo

✅ Available

EnergySmart

For Boulder county residents.

colorado energy office logo

✅ Available

CO Heat Pump Credit

For all Colorado residents.

drcog rebates colorado logo

🚫 Late 2025

DRCOG Rebates

For Denver metro county residents.

energy star federal 25c tax credit

🚫 Mid 2025

HEAR Rebates

Income restricted federal incentives.

Did Xcel Just Triple Their Rebate in Colorado? - UniColorado Heating & Cooling

✅ Available

Federal Tax Credit

For U.S tax payers.

UniColorado Heating & Cooling: Your Trusted Heat Pump Experts in Denver and Beyond

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:

1. Heat Pump Pioneers

  • We’ve been working with heat pumps long before they became the centerpiece of Colorado’s Clean Heat Plan.
  • Our extensive experience means we understand the unique challenges and opportunities of Colorado’s climate, ensuring the perfect solution for your home.

2. Expert Guidance

  • Navigating rebates, energy-efficiency requirements, and system options can be overwhelming. That’s why we handle everything—from system recommendations to rebate paperwork—so you don’t have to.

3. Access to All Incentives

  • We know every available program, from Xcel’s rebates to local incentives and federal tax credits.
  • Our team will help you stack rebates and credits to maximize your savings.

4. Proven Track Record

  • With thousands of successful installations over the past decade, we’ve helped homeowners across Colorado save thousands while reducing their carbon footprints.

5. Seamless Installation Process

  • From your first free estimate to the final installation, we prioritize customer satisfaction with professional hassle-free service.
  • Our technicians are highly trained, ensuring your new system is installed efficiently and correctly the first time.

6. Your Long-Term Partner

  • We’re not just here for the installation. With ongoing maintenance and support, we’ll keep your system running smoothly for years to come.

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.

  • Rebate details
  • Why did they increase?
  • How to get rebates
  • Rebate funding source
  • Expiration date
  • Stack rebates
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