How much you get
Up to $9,000 — Xcel Energy pays $2,250 per ton of heating capacity for a qualifying cold-climate heat pump (a 3-ton system nets $6,750; a 4-ton system nets $9,000), or $900 per ton for a standard-efficiency heat pump. No income qualification is required. Add Colorado's $1,000 state heat pump tax credit (claimed by your contractor, once per address). Front Range homeowners can also stack DRCOG's Power Ahead Colorado rebate (up to $1,500, no income limit, launched June 29, 2026).
Source
Xcel Energy — Colorado residential rebates →
Colorado Dept. of Revenue — DR 1322 Heat Pump Tax Credit →
UniColorado — DRCOG Power Ahead Colorado heat pump rebate →
Common questions
What's the heat pump rebate in Boulder?
Xcel Energy pays $2,250 per ton of heating capacity for a qualifying cold-climate heat pump (a 3-ton system nets $6,750; a 4-ton system nets $9,000), or $900 per ton for a standard-efficiency heat pump. No income qualification is required. Add Colorado's $1,000 state heat pump tax credit (claimed by your contractor, once per address). Front Range homeowners can also stack DRCOG's Power Ahead Colorado rebate (up to $1,500, no income limit, launched June 29, 2026).
Do I need to confirm this rebate is still active in Boulder?
Yes. Utility rebate programs change funding levels and eligibility rules through the year. Confirm current status with Xcel Energy before assuming a figure is live.
Installers
Heat Pump installers in Boulder
Real companies serving Boulder, pulled from their current Google reviews. We're not paid to list anyone here.
Next steps
View all Boulder rebate programs → or see all Colorado coverage →