
Heat Pump Rebates and Tax Credits
By lowering the initial cost of converting to energy-efficient systems, such as heat pump technology, HVAC rebates and tax credits can help you save money on your energy costs over time. We have the most up-to-date information and strategies to assist you in selecting the best systems for your house that will also be eligible for tax credits and rebates. Additionally, we are a participating contractor through Xcel Energy. To find out more about how improving the systems in your house can lower energy use and save you money, give us a call!
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Heat Pump Rebates & Tax Credits
Upgrade to energy-efficient heat pump technology and save up to $8,000 with rebates or tax credits. Lower bills, year-round comfort.
Learn MoreColorado Heat Pump Tax Credits
- Customers do not need to file any paperwork to receive the discount since the tax credit is claimed by the installing contractor.
- Minimum discount for Air-Source heat pumps: $499.95
- Minimum discount for ground-source, water-source, or combined-source heat pump: $999.90
- Minimum discount for Heat pump water heater: $166.65
Xcel Energy Heat Pump Rebates
Rebates available for qualifying residential equipment installation. The following equipment is eligible for rebates.
- Heat pump, ducted or partially ducted with Quality Installation
- Cold Climate Heat Pump ducted or partially ducted with Quality Installation Rebate
- Ground Source Heat Pump with Quality Installation Rebate
- Heat pump (HP), non-ducted
- Cold Climate Heat pump, Non-ducted
Power Ahead Colorado Heat Pump Rebates
Mighty Pine is a participating Power Ahead Colorado contractor. Save $1,500 when you upgrade to a qualifying cold climate heat pump, and combine it with Xcel Energy and other utility or local rebates to save even more.
- Ducted and ductless (mini split) cold climate air-source heat pumps that meet ENERGY STAR cold climate standards qualify
- Available for existing homes and buildings in participating Denver-metro communities (new construction is not eligible)
- We submit your project for preapproval before work begins, so you know your rebate amount up front
- After installation and final review, the rebate is paid within about 60 days
Learn more at Power Ahead Colorado.
Start Saving with Smart Home Upgrades
Heat pump rebates and tax credits can cut your costs fast—and we’ll help you make the most of them. Learn your options, pick the right system, and unlock real long-term savings.
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