Xcel Energy Colorado heat pump water heater rebate
OpenVerified · co.my.xcelenergy.com
Effective Oct. 1, 2026: up to $1,500 when replacing a natural gas or propane water heater; $750 standard rebate when replacing an electric water heater.
How much
| Upgrade | What it pays for | Amount |
|---|---|---|
| Heat pump water heater | Heat pump water heater $750 replacing electric; up to $1,500 replacing gas or propane. | $750–$1,500 |
Who qualifies
- Where: Xcel Energy Colorado service area.
- Customers of Xcel Energy.
- Upgrades: Heat pump water heater.
The page banner still said "up to $2,250" (the pre-October amount) while the body said $1,500; we use the body and the Oct. 1 summary. ENERGY STAR, 3.3 UEF or better, 80 gallons or less. Self-install allowed. Applications due Sept. 30 of the year after installation. Whether 120-volt models qualify is not stated.
How to apply
- Buy an ENERGY STAR heat pump water heater rated 3.3 UEF or higher.
- Install it yourself or with a contractor.
- Submit Xcel's rebate application by Sept. 30 of the year after installation.
You file it yourself.
Sources
- Official program page (opens in a new tab), checked Oct 8, 2026 (some details only from secondary sources).
- Xcel Energy 2026 Rebate Summary, Colorado Residential, effective Oct. 1, 2026 (opens in a new tab), accessed Oct 8, 2026.
Often stacked with
- Open
Colorado Heat Pump Tax Credit (State of Colorado Heat Pump Discount)
Colorado Energy Office and Colorado Department of Revenue