REBATE STATUS · LAST CHECKED NOVEMBER 4, 2026
Colorado heat pump rebates in 2026: what your quote should show
Quick answer
Colorado’s main statewide incentive in late 2026 is the state heat pump tax credit, which reaches you as a discount on the invoice: for air-source heat pumps installed in 2026 the contractor must give you at least $333 of a $1,000 credit, shown as “State of Colorado Heat Pump Discount”. Only registered contractors can offer it.
Colorado’s federal HEAR rebates for single-family homes closed on August 1, 2026. Utility rebates (Xcel and municipal utilities) are separate; check yours.
Programs at a glance
| Program | Status | Income-qualified | How it reaches you |
|---|---|---|---|
| Colorado heat pump tax credit (point-of-sale discount)Colorado Energy Office; claimed by the contractor with the Department of Revenue | Open | No | Discount on your invoice. “Customers do not need to file any paperwork to receive the discount since the tax credit is claimed by the installing contractor.” |
| Colorado HEAR rebates for single-family homes (federal)Colorado Energy Office | Closed | Yes | Was deducted by the contractor after project approval. |
| Xcel Energy Colorado heat pump rebatesXcel Energy (Public Service Company of Colorado) | Unclear — check with program | No | Check with the program. |
Program details
Colorado heat pump tax credit (point-of-sale discount)
- Run by
- Colorado Energy Office; claimed by the contractor with the Department of Revenue
- Status
- Open
- What it covers
- ENERGY STAR certified, AHRI-matched air-source heat pumps designed to meet at least 80% of annual heating needs; also ground-source and heat pump water heaters.
- Amounts
- For installs on or after January 1, 2026: air-source tax credit $1,000 with a minimum customer discount of $333; ground-, water- or combined-source $2,000 / $667. The 2024–2025 amounts ($1,500 / $499.95) are expired.
- Income-qualified
- No
- On the quote or after?
- Discount on your invoice. “Customers do not need to file any paperwork to receive the discount since the tax credit is claimed by the installing contractor.”
- Before you sign
- The contractor must be registered with the Colorado Energy Office. The discount must be shown separately, labeled “State of Colorado Heat Pump Discount”. Look for that line on each quote.
- Source
- Official program page. Verified on the official page, November 4, 2026.
Colorado HEAR rebates for single-family homes (federal)
- Run by
- Colorado Energy Office
- Status
- Closed — applications were accepted November 13, 2025 – August 1, 2026
- What it covers
- Was for low- and moderate-income households, through registered contractors.
- Amounts
- Closed. If a quote still subtracts a Colorado HEAR rebate, ask the installer whether you hold an approved reservation.
- Income-qualified
- Yes
- On the quote or after?
- Was deducted by the contractor after project approval.
- Before you sign
- Not available for new projects.
- Source
- Official program page. Verified on the official page, November 4, 2026.
Xcel Energy Colorado heat pump rebates
- Run by
- Xcel Energy (Public Service Company of Colorado)
- Status
- Unclear — check with program
- What it covers
- Air-source and ground-source heat pumps for Xcel electric customers.
- Amounts
- Check with the program. Xcel’s rebate table didn’t load for us. The page notes that from November 16, 2025, bonuses are no longer available to customers with existing electric heat, who remain eligible for standard rebates.
- Income-qualified
- No
- On the quote or after?
- Check with the program.
- Before you sign
- Ask your contractor which Xcel rebate the quote assumes and who files it.
- Source
- Official program page. Could not verify — check with the program, November 4, 2026.
Federal Home Energy Rebates (HEAR and HOMES) in Colorado
Colorado’s single-family HEAR program closed on August 1, 2026. Its HOMES-style program (“Home Efficiency Rebates”) and small-multifamily HEAR were listed as “Coming Soon” and cover manufactured/mobile homes and multifamily buildings, not typical detached homes (Colorado Energy Office page updated October 2026).
Check your quote
Send these to each installer in writing before you sign.
- Is the total on this quote before or after rebates and discounts? Please list each one you subtracted or assumed, with its amount.
- Who applies for each rebate, you or me, and when? If I apply, which documents will you give me?
- Are you a participating or registered contractor for each program you mentioned? Does anything need to be approved or reserved before I sign or before installation starts?
- If a rebate is denied, reduced or the program runs out of money, who pays the difference?
- Does this quote assume any federal tax credit? (The 25C credit does not apply to 2026 installations.)
- Are you registered for the Colorado heat pump tax credit, and where on the quote is the “State of Colorado Heat Pump Discount”?
What we could not confirm
- Xcel Energy’s current rebate amounts, and municipal utility and co-op programs, were not verified.
Comparing quotes with different rebate lines? Enter each quote’s total before incentives, then ask every installer the same rebate questions. Nothing you enter is uploaded.
Last checked: . Programs change, pause and run out of funds. Confirm with the program before you sign. Informational only. This is not financial, tax, legal or professional installation advice, and we do not verify any installer’s work.