Denver Heat Pump Rebates 2026: What's Available Now
Here is the honest picture for Denver in 2026: we count only what is actually claimable at your address today, and we flag what is closed instead of padding the headline with it. The piece you can rely on is Colorado's $1,000 state heat-pump tax credit, plus your utility's rebate where we can confirm one. The federal HEAR rebate is currently closed on the Front Range -- see below.
Where the federal HEAR rebate stands on the Front Range
Colorado runs the federal HEAR program (Home Electrification and Appliance Rebates, IRA Section 50122) by region, and the status is not the same statewide. New applications are closed across the Front Range region (Region 1), which covers Denver: the region stopped accepting them on April 28, 2026, and no reopening has been announced. The mountain and Western Slope counties (Region 2) remain open. Because of that, the $8,000 HEAR heat-pump rebate is not part of what you can claim in Denver today, so we do not count it in your number.
Your utility rebate
Most of Denver's electricity comes from Xcel Energy, whose cold-climate heat-pump rebate is $2,250 per ton -- about $4,500 to $9,000 for a typical 2-to-4-ton home, since the rebate scales with system size. With Colorado's $1,000 state heat-pump tax credit on top, that is roughly $5,500 to $10,000 you can count on today, depending on your system size. The calculator sizes it to your home.
Denver sits at 5,280 feet -- the Mile High City -- with cold, dry winters and a wide range of housing ages; older homes often need an electrical-panel upgrade alongside the heat pump.
Colorado state heat-pump tax credit: $1,000
Separate from any utility or federal rebate, Colorado offers a state heat-pump income-tax credit worth $1,000 for the 2026 tax year. It is available to every Colorado taxpayer regardless of income and stacks with your utility's rebate on the same project. It is scheduled to sunset at the end of 2026, so a 2026 installation is the window to claim it.
How to find your exact number in Denver
Start with the calculator below. It takes your ZIP code (80202), household size, and income, confirms which utility actually serves your address, sizes your utility's per-ton rebate to your system, and shows every program that is open for you right now -- 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 in Denver?
It depends on your system size and income, so use the calculator for an exact number. In Denver today, Xcel Energy pays $2,250 per ton for a cold-climate heat pump -- about $4,500 to $9,000 for a 2-to-4-ton home -- and Colorado adds a $1,000 state tax credit, for roughly $5,500 to $10,000 combined. The $8,000 federal HEAR rebate is closed for the Front Range (no reopening has been announced), so it is not part of your Denver total.
Is the Colorado HEAR rebate available in Denver right now?
No. Colorado runs HEAR by region, and Denver is in the Front Range region (Region 1), which closed to new applications on April 28, 2026, with no reopening announced. The mountain and Western Slope counties (Region 2) remain open. The calculator checks your ZIP's current status so you are not counting on money that is closed in your region.
What utility serves Denver, and does it offer a heat-pump rebate?
Most of Denver's electricity comes from Xcel Energy. Its cold-climate heat-pump rebate is $2,250 per ton -- about $4,500 to $9,000 for a 2-to-4-ton home -- and standard-efficiency heat pumps are $900 per ton. Enter your ZIP in the calculator to confirm your utility and size the rebate to your system, since some addresses near the city edge are served by a different provider.
Can I stack the Colorado state tax credit with a utility rebate?
Yes. Colorado's $1,000 state heat-pump income-tax credit (2026 tax year) is available to all Colorado taxpayers regardless of income and stacks with any utility rebate on the same project. Note that the federal energy-efficiency tax credit (25C) expired December 31, 2025, and the federal HEAR rebate is closed for the Front Range. Work with a contractor approved for your utility's program.