Aspen Heat Pump Rebates 2026: What's Available Now
Here is the honest picture for the Aspen area in 2026. Every Colorado taxpayer can claim the $1,000 state heat-pump tax credit. Because Aspen is in the mountain and Western Slope HEAR region (Region 2), which is open, an income-qualified household can add up to $8,000 -- up to $9,000 toward a cold-climate system -- and your electric utility may add a rebate on top. The calculator below sizes it to your income and address.
Colorado HEAR Program: Up to $8,000
Where it is open, HEAR is the largest single rebate for an Aspen-area heat pump. For households below 80% of Area Median Income, it covers 100% of an ENERGY STAR cold-climate heat pump, up to $8,000. Households between 80% and 150% AMI receive 50% coverage, up to $4,000. It is applied at the point of sale through a HEAR-registered contractor.
Where HEAR is open right now
Aspen is in Colorado's mountain and Western Slope region (Region 2), where HEAR remains open. Colorado runs HEAR by region, and the status is not the same statewide. The mountain and Western Slope counties (Region 2) are open. The Front Range (Region 1) stopped taking new HEAR applications on April 28, 2026, with no reopening announced. The calculator below checks your ZIP's current status so you are not counting on money that is closed in your region.
Your utility near Aspen: City of Aspen Electric or Holy Cross Energy
Electric service around Aspen is not Xcel. The downtown core is served by City of Aspen Electric, the city-owned municipal utility, which has run on 100% renewable supply since 2015. Most of the surrounding Roaring Fork Valley is served by Holy Cross Energy, a member-owned cooperative. The two territories do not overlap.
Holy Cross runs its own Power+ heat-pump rebate for members, which stacks with the state credit and HEAR on the same project. Because the amount depends on your project cost and income tier, we surface your exact figure in the calculator rather than printing a generic number here. The calculator routes by your address, so you see the right utility and the right rebate instead of a guess.
Colorado state heat-pump tax credit: $1,000
Separate from HEAR and your utility rebate, Colorado offers a $1,000 state heat-pump income-tax credit for the 2026 tax year. It is available to every Colorado taxpayer regardless of income or region, and it stacks with HEAR and any utility rebate on the same project. It is scheduled to sunset at the end of 2026.
Extreme cold requires the right equipment
Aspen sits at roughly 7,900 feet, and winter lows regularly fall well below zero. You need a cold-climate heat pump specifically rated to operate at low temperatures, not a standard model. A contractor experienced in mountain installations can confirm the right sizing and model, and cold-climate units are exactly what HEAR is designed to cover where the program is open.
How to claim your rebates near Aspen
Start with the calculator below. It takes your ZIP code (81611), household size, and income, confirms which utility actually serves your address, checks your region's HEAR status, and shows every program that is open for you with specific dollar amounts, using real 2026 program data from Rewiring America. You will not see a figure for a program that is closed in your region.
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Frequently Asked Questions
How much can I get for a heat pump near Aspen?
Every Colorado taxpayer can claim the $1,000 state heat-pump tax credit. On top of that, the Aspen area sits in Colorado's mountain and Western Slope HEAR region (Region 2), which is open, so an income-qualified household can add up to $8,000 for an ENERGY STAR cold-climate heat pump -- up to $9,000 combined. Your electric co-op or municipal utility may add its own rebate on top. The calculator sizes the number to your income and address.
Is the HEAR rebate open in the Aspen area?
Yes. Colorado runs HEAR by region, and Aspen sits in Pitkin County -- part of the mountain and Western Slope region (Region 2), which is open. That is different from the Front Range (Region 1, Denver and north), which closed to new applications on April 28, 2026. Income-qualified households (up to 150% of Area Median Income) can get up to $8,000 toward a heat pump.
Who is my electric utility near Aspen?
It depends on your exact address, and it is not Xcel. The downtown core is served by City of Aspen Electric, the municipal utility; most of the surrounding valley is served by Holy Cross Energy, a member-owned cooperative. Holy Cross runs its own Power+ heat-pump rebate, and we surface your exact amount in the calculator rather than quoting a generic figure here. The calculator routes by your address so you see the right utility.
Can I combine state and utility rebates near Aspen?
Yes. Colorado's $1,000 heat-pump tax credit, your utility's rebate, and HEAR (open in the mountains) all stack on the same project. One note: the federal energy-efficiency tax credit (25C) and solar credit (25D) expired December 31, 2025 and are not available for 2026 installations. Work with a HEAR-registered contractor who can process multiple applications at once.