Denver Home Electrification Rebates and Tax Credits
The below rebates and tax credits are all intended to incentivize home electrification. Rebates are offered by utilities and municipalities. Some rebates can be paid directly to your contractor and taken directly off the purchase price as an upfront discount, whereas others are paid directly to the homeowner. Denver residents have access to the best municipality rebate amounts in the State. Tax credits are offered by the US Federal government and the State of Colorado.
For the full terms and conditions on these incentives, check out the below resources or contact us to learn what you’re eligible for:
| Name | Item | Type | Amount |
|---|---|---|---|
| Federal Weatherization Tax Credit (IRA 25C) | Air Sealing / Insulation | Tax Credit | 30% of cost up to $1,200 |
| Xcel Air Sealing Rebate | Air Sealing / Insulation | Rebate | $200 |
| Xcel Attic Insulation Rebate | Air Sealing / Insulation | Rebate | $400 |
| Xcel Wall Insulation Rebate | Air Sealing / Insulation | Rebate | $350 |
| Xcel Insulation & Air Sealing Bonus Rebate | Air Sealing / Insulation | Rebate | $600 |
| Denver Climate Action - Electrical Service Upgrade | Electrical Work / Panel Upgrade | Rebate | $2,000 |
| Denver Climate Action - EV Charger Wiring | Electrical Work / Panel Upgrade | Rebate | $1,000 |
| Federal Electrical Panel Upgrade (IRA 25C) | Electrical Work / Panel Upgrade | Tax Credit | up to $600 |
| Federal EV Charging Tax Credit | Electrical Work / Panel Upgrade | Tax Credit | 30% of the cost of hardware and installation, up to $1,000 |
| Colorado State Income Tax Credit - Heat Pump | Heat Pump | Tax Credit | $1,500 |
| Xcel Cold Climate Heat Pump Discount | Heat Pump | Rebate | $2,200 |
| Xcel High Efficiency Air Source Heat Pump Discount | Heat Pump | Rebate | $1,700 |
| Denver Climate Action - Cold Climate Air Source Heat Pump | Heat Pump | Rebate | $3,500 |
| Denver Climate Action - Cold Climate Mini Split Heat Pump | Heat Pump | Rebate | $3,500 |
| Denver Climate Action - High Efficiency Air Source Heat Pump | Heat Pump | Rebate | $1,500 |
| Denver Climate Action - High Efficiency Mini Split Heat Pump | Heat Pump | Rebate | $1,500 |
| Colorado State Income Tax Credit - Heat Pump Water Heater | Heat Pump Water Heater | Tax Credit | 10% of purchase price |
| Xcel Heat Pump Water Heater Discount, Smart HPWH | Heat Pump Water Heater | Rebate | $800 |
| Denver Climate Action - Heat Pump Water Heater | Heat Pump Water Heater | Rebate | $1,000 |
| Denver Climate Action - Smart Heat Pump Water Heater Rebate | Heat Pump Water Heater | Rebate | $1,750 |
| Federal Heat Pump/Heat Pump Water Heater Tax Credit (IRA 25C) | Heat Pump Water Heater / Heat Pump | Tax Credit | $2,000 |
| Denver Climate Action - Solar | Solar | Rebate | $4,000 |
| Federal Tax Credit for Solar Photovoltaics | Solar | Tax Credit | 30% |
| Colorado State Income Tax Credit - Battery Storage | Storage | Tax Credit | $500 |
| Denver Climate Action - Battery Storage | Storage | Rebate | $2,750 |
| Federal Battery Storage Tax Credit | Storage | Tax Credit | 30% of cost |