Xcel Energy - Residential Energy Efficiency Rebate Programs

January 25, 2023


Xcel Energy residential customers in Colorado can qualify for cash incentives on a variety of energy efficient products and home improvements. Standard rebates are available for heat pumps, central A/C systems, ground source heat pumps, heat pump water heaters, and insulation that meet the program requirements. Consult the program website for more specific information on the rebate structure. Only equipment which meets minimum efficiency standards will be included in rebate program. Measures may require installation by pre-qualified contractors and are subject to Xcel Energy installation verification. 

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Colorado
Incentive Type: Rebate Program
Web Site: https://co.my.xcelenergy.com/s/residential/home-rebates
Administrator: Xcel Energy
Start Date:
Eligible Renewable/Other Technologies:
  • Geothermal Heat Pumps
  • Water Heaters
  • Furnaces
  • Heat pumps
  • Air conditioners
  • Programmable Thermostats
  • Caulking/Weather-stripping
  • Duct/Air sealing
  • Building Insulation
Incentive Amount: Natural Gas Furnace: $300
Natural Gas Boiler: $250
Natural Gas Boiler w/ water heater: $350
Air Conditioning/Air Source Heat Pump: $800-$1,000
Mini-Split Heat Pump: $500 - $600
Water Heater: $50-$800
Attic Insulation: Up to $400
Wall Insulation: Up to $350
Air Sealing, bypass sealing, and weather-stripping: Up to $200
Ground Source Heat Pump: $300/ton
Smart Thermostat: $50
Equipment Requirements: See program website.
Installation Requirements: Some technologies must be installed by an Xcel Energy registered contractor


Name: Xcel Energy Customer Contact Center
Organization: Xcel Energy
Address: 414 Nicollet Mall
Minneapolis MN 55401
Phone: (800) 895-4999
Email: Inquire@xcelenergy.com

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.