Every heat pump program we found for the Denver area, with the equipment rule that decides which models qualify. Checked against each
program's own page on October 19, 2026. Most utility programs need an AHRI-matched system; check the exact pairing in the AHRI directory before you sign.
Xcel Energy Colorado heat pump rebates
Unconfirmed Xcel Energy
Heat pump amountsNot re-confirmed on October 19, 2026: Xcel's rebate summary isn't readable online, and co.my.xcelenergy.com pages didn't load. Our October 12 check (Rebate Summary effective Oct. 1, 2026), standard rebate [with bonus]: ducted or mixed-ducted ASHP $300 per cooling ton [$600]; ducted cold-climate heat pump $750 per heating ton at 5°F [$1,500]; ground-source $1,100 per heating ton [$2,200]; air-to-water $950 per heating ton [$1,900]; non-ducted heat pumps heating at least 50% of the home get the same per-ton amounts…
Equipment ruleNot re-confirmed for 2026. The only Xcel Colorado sheet readable on October 19 is the superseded 2024 Rebate Summary (form 23-11-205). It required cold-climate units to have a COP at 5°F of at least 1.75, to be listed on ashp.neep.org, and to deliver at least 70% of rated 47°F heating capacity at 5°F. Whether the Oct. 2026 summary keeps these criteria was not confirmed.
Other conditionsNot re-confirmed on October 19. Our October 12 check: a Trade Partner Network contractor is required except for supplemental mini-splits.
Statusnot confirmed on October 19. Our October 12 check: 'Invoices and installations must be completed by Dec. 31, 2026, but applications for rebates will be accepted through Sept. 30, 2027.' Bonuses need a 2026 invoice and exclude homes whose existing primary heat…
co.my.xcelenergy.com ↗ · checked October 19, 2026
Colorado Heat Pump Tax Credit (contractor-delivered discount)
Open Colorado Energy Office and Colorado Department of Revenue
Heat pump amountsFor installs on or after Jan. 1, 2026: air-source $1,000 credit, with at least $333 passed to the customer as a discount; ground-, water- or combined-source $2,000, with at least $667; heat pump water heater $250, with at least $83. The 2024-2025 amounts are marked 'Expired'.
Equipment rule'All heat pumps must be Energy Star certified.' 'Air source heat pumps must be Air-Conditioning, Heating, and Refrigeration Institute (AHRI) 'matched' systems.' 'Heat pumps for space heating/cooling must be designed to meet at least 80% of annual heating needs.' The page states no cold-climate or NEEP rule.
Other conditionsOnly a state-registered contractor can claim the credit, and the discount must be shown separately on the invoice. From April 2026, registered contractors must watch quarterly webinars and pass a quiz. There is no DIY route; the customer files nothing.
energyoffice.colorado.gov ↗ · checked October 19, 2026
Power Ahead Colorado heat pump rebate
Open · limits apply Denver Regional Council of Governments (DRCOG)
Heat pump amounts'Save $1500 when you upgrade to an energy-efficient heat pump.' The initial phase covers cold-climate air-source heat pumps in existing buildings, and it stacks with utility and local rebates.
Equipment ruleCovers 'cold-climate air-source heat pumps installed in existing buildings'. The page does not define cold-climate (no NEEP, ENERGY STAR Cold Climate or COP specification). New construction is ineligible.
Other conditionsAn approved contractor from the Contractor Finder must submit the project for preapproval 'before work begins'.
StatusNo open/closed status or dates are stated; the program is described as in its 'initial' phase. Limited to DRCOG-participating municipalities and counties.
poweraheadcolorado.org ↗ · checked October 19, 2026
Colorado Home Electrification and Appliance Rebates (HEAR)
Closed now Colorado Energy Office, with U.S. DOE funds
Heat pump amountsMaximum per household or unit: cold-climate heat pump for space heating and cooling $8,000; other heat pump $3,000.
Equipment rule'All upgrades must be ENERGY STAR® certified.' The page does not define 'cold-climate heat pump' (no NEEP or ENERGY STAR Cold Climate reference).
Other conditionsNot stated on the page.
StatusClosed for single-family. Per the 'Updated August 2026' notice, 'The HEAR Single-Family Program for Region 1 and Region 2 is closed.' Small-multifamily HEAR 'will be available in 2026'.
energyoffice.colorado.gov ↗ · checked October 19, 2026
