Maximize Your Savings with Xcel Energy Rebates in Colorado

Technician installing an AC unit

Great news for homeowners! Xcel Energy offers Colorado homeowners rebates on many types of HVAC equipment, including heat pumps, air conditioners, furnaces and other energy-efficient appliances. That’s a win-win for homeowners, because you can upgrade your home with high-quality heating and cooling equipment—and receive a discount for doing it.

How much can you save on high-efficiency HVAC installation with an Xcel Energy rebate? Currently, there are a variety of valuable rebates on qualifying HVAC equipment—including $300 for gas furnaces!

In this guide, we’ll explore the different types of HVAC rebates available from Xcel Energy, which equipment qualifies for the company’s Colorado energy rebates, how much money you can save and the steps to claim your rebates. Whether you’re looking to improve your home’s energy efficiency or replace aging HVAC equipment, understanding Xcel Energy’s rebate programs can help you make informed decisions and maximize your savings.

How Xcel Energy’s HVAC Rebate Program Works with HomeSmart

At HomeSmart, getting an HVAC rebate from Xcel Energy is easy and hassle-free. Our Comfort Advisors handle the paperwork, so you don’t have to send in any forms when you work with us. The rebate amount is applied and deducted from the price of the qualifying equipment at the time of installation.

Colorado Heat Pump Rebate from Xcel Energy

Heat pumps are highly efficient HVAC systems that provide both heating and cooling, making them a versatile choice for year-round climate control. Their ability to transfer heat rather than generate it results in significant energy savings and improved comfort in any season. By taking advantage of Xcel’s heat pump rebates in Colorado, you can get extremely efficient, climate-friendly equipment that will benefit your home for years.

Equipment that qualifies for Xcel Energy rebates in Colorado for heat pump installation:

  • Heat pumps (ducted or partially ducted) with minimum efficiency of 15.2 SEER2, 11.7 EER2, 7.8 HSPF2.
  • Heat pumps (non-ducted) with minimum efficiency of 15.2 SEER2, 11.7 EER2, 7.8 HSPF2.
  • Cold-climate pumps with minimum efficiency of 15.2 SEER2, 10.0 EER2, 8.1 HSPF2.
  • Ground-source heat pumps with minimum efficiency of 16 EER2, 3.3 COP.
  • Cold-climate heat pumps (non-ducted) with minimum efficiency of 16 SEER2, 9 EER2, 9.5 HSPF2. To be eligible, cold-climate non-ducted heat pumps must have a low temp heating efficiency of 1.75 COP at 5 degrees F, with a capacity maintenance of 70% at 5 degrees F compared to 47 degrees F.
  • Bonus Heat Pump Rebate: An additional $600 rebate is available to Xcel Energy customers who install qualifying insulation and take air-sealing measures followed by installation of an Xcel Energy rebate-qualifying heat pump within two years.

Xcel Energy Air Conditioner Rebates

Colorado residents also can receive Xcel Energy air conditioner rebates. Energy-efficient AC installation is a great way to increase your comfort while also lowering your monthly power bills.

  Here are the two categories of equipment that qualifies for an Xcel Energy AC rebate:

  • Standard-efficiency air conditioner with efficiency minimums below 15.2 SSER2, or any EER2.
  • High-efficiency air conditioner with efficiency minimums below 15.2 SEER2, 12.5 SEER2.

Xcel Energy Rebates of Furnaces and Boilers

Replacing your old, inefficient or failing furnace can go a long way in making your home more comfortable and less costly to heat. An Xcel furnace rebate is an easy and convenient way to reduce the cost for high-quality, energy-efficient furnace installation.

Equipment that qualifies for Xcel Energy rebates on furnaces and boilers in Colorado includes:

  • Natural gas furnace with at least a 95% AFUE efficiency.
  • Natural gas boiler with at least a 95% AFUE efficiency.
  • Natural gas boiler with at least a 95% AFUE efficiency and sidearm water heater.

How to get Xcel Energy appliance rebates

In addition to HVAC rebates, Xcel Energy also offers rebates for equipment such as water heaters and smart thermostats. To qualify, you must be an Xcel Energy customer and reside in Colorado. Just like HVAC equipment, water heaters must be installed by a participating contractor like HomeSmart to qualify for a rebate.

Interested in an Xcel water heater rebate? Want to learn more about how a smart thermostat can save you money on your heating and cooling—and get a rebate for installing one? Contact HomeSmart for a free consultation. We’ll let you know what’s available in your area and help you through the application process. Call 866-837-9762 today to learn how you can save big with Xcel Energy rebates.