Heat Pump Rebates in Colorado (2026)

Find all heat pump rebates and incentives available in Colorado for 2026, including federal HOMES and HEAR programs, state incentives, and utility-specific rebates.

Varies Max HEAR Rebate

Open HOMES Status (CO)

Open HEAR Status (CO)

2 Utility Programs

HEAR Heat Pump Rebate in Colorado

Status: Open

Income Level	Max Rebate	Cost Coverage
Low income (≤80% AMI)	Up to Varies	100% of project cost
Moderate income (80-150% AMI)	Up to Varies	50% of project cost
Above 150% AMI	Not eligible	N/A

Apply for HEAR Rebate in CO

HOMES Rebate for Heat Pump in Colorado

Status: Open

State allocation: $56 million

The HOMES program provides rebates based on whole-home energy savings. Installing a heat pump as part of a broader energy retrofit can qualify for rebates up to $8,000 for low-income households or $4,000 for moderate-income households.

Income Level	Max HOMES Rebate	Requirement
≤80% AMI	Up to $8,000	35%+ energy savings (modeled) or 20%+ (measured)
80-150% AMI	Up to $4,000	35%+ energy savings (modeled) or 20%+ (measured)

HOMES Program in CO

Colorado State Programs for Heat Pump

Colorado Heat Pump Incentive

State-funded incentive for residential heat pump installations, designed to stack with federal IRA rebates. Available to all Colorado homeowners regardless of income, with higher incentives for income-qualifying households.

Amount: Up to $3,000 for income-qualifying households; up to $1,500 for market-rate

Learn more

Colorado Weatherization Assistance Program

Provides free weatherization services to low-income Colorado households, including insulation, air sealing, furnace repair/replacement, and health and safety improvements.

Amount: Free for qualifying households (average ~$7,000 in improvements)

Learn more

Colorado Property Assessed Clean Energy (C-PACE)

Financing program that allows commercial and residential property owners to fund energy efficiency and renewable energy improvements through a voluntary property tax assessment.

Amount: Financing available (not a direct rebate)

Learn more

Utility Heat Pump Rebates in Colorado

These utility companies in Colorado may offer additional rebates for heat pump installations. Utility rebates can typically be stacked with HEAR and HOMES rebates.

Xcel Energy

Offers substantial rebates including up to $4,200 for qualifying heat pumps, $800 for heat pump water heaters, and up to $700 for insulation and air sealing.

Colorado Springs Utilities

Provides rebates on high-efficiency HVAC systems, heat pump water heaters, and home weatherization for residential customers in the Colorado Springs area.

Income Eligibility for Heat Pump Rebates in Colorado

Your eligibility for the maximum heat pump rebate depends on your household income relative to the Area Median Income (AMI) in your area.

Area	80% AMI (Family of 4)	150% AMI (Family of 4)
Denver-Aurora-Lakewood	$72,800	$136,500
Colorado Springs	$63,600	$119,200

Calculate Your Heat Pump Rebate

Use our calculator to estimate your total savings including federal, state, and utility rebates.

Calculate My Rebate

Frequently Asked Questions

How much can I get for a heat pump in Colorado?

In Colorado, you can receive up to varies through the HEAR program for a heat pump if your household income is at or below 80% of Area Median Income (AMI). Moderate-income households (80-150% AMI) can receive 50% of the cost up to the same cap. Additional utility rebates may also be available from local providers.

Is the HEAR program open in Colorado for heat pump rebates?

The HEAR program status in Colorado is currently: Open. You can apply for heat pump rebates through your state energy office.

Can I combine heat pump rebates with other incentives in Colorado?

Yes. In Colorado, you can typically stack HEAR rebates with HOMES whole-home rebates (if you qualify for both), state-specific programs like Colorado Heat Pump Incentive, and utility rebates. The combined incentives generally cannot exceed 100% of the project cost.

What income qualifies for the maximum heat pump rebate in Colorado?

To qualify for the maximum rebate, your household income must be at or below 80% of Area Median Income (AMI) for your area in Colorado. For example, in Denver-Aurora-Lakewood, 80% AMI for a family of 4 is $72,800. Households between 80-150% AMI receive 50% of costs up to the cap.