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Rebates are available when you switch to high efficiency electric systems

National and local governments and local utilities have created rebates, tax credits and special offers to help with the switch to high efficiency heating and cooling systems.

It is important to work with your contractor to find the right equipment that qualifies for the most savings. There are central and ductless mini-split AC and heating systems from different manufacturers, and these contractor partners can help you find cost-effective, reliable units that deliver outstanding comfort while letting you take advantage of every possible opportunity to save on the initial cost.

Rebates can save you up to $10,000.

Below, you’ll find information on how to get maximum savings by choosing models that also cost you less every month on your electric bill.

Sample project:
Project amount: $20,000
Holy Cross rebate: ($4,000)
Walking Mountains rebate: ($4,000)
Income tax rebate: ($1,200)
Net project cost: $10,800 - a 46% savings!

Going green helps not only the environment but also your wallet.  There are many utilities and government agencies that are providing financial incentives to help you make the move to more efficient heating and cooling systems.  

When you install a new or replacement central or ductless air conditioning/heating system, you can realize big savings by choosing a high-efficiency model with a SEER rating over 16. The higher the SEER number, the more you’ll save. 

Naturally, the initial cost of these high-efficiency systems is higher than a standard 13 SEER air conditioner or 80% efficient furnace. By taking advantage of rebates from manufacturers and energy companies, seasonal discounts and federal tax credits, though, you can offset that higher cost.

Colorado utilities are making a big push to "go green" and reduce or eliminate the use of fossil fuels for our energy needs.  To incentivize their customers to electrify their home heating and cooling systems, two programs have been rolled out:

Incentives From Walking Mountains

Up to $4,000 residential electrification rebate when you switch from natural gas to an electric system.  Learn more about saving money when you make the switch. 

Incentives From Holy Cross

Rebate amount equal to 25% of the project cost up to $4,000 when switching from natural gas to an electric system.  Learn more about saving money when you make the switch.  

Incentive From Black Hills Energy

Rebates up to $1,500 available depending on work being performed. Learn more about saving money.

Listed below are some of the incentives available for homeowners in 2022. More are coming in 2023, so check back often to see what incentives are available for your home!

Item IRC Sec. Prior Law New Law Effective Date
Energy Efficient Home Improvement Credit

Formerly Nonbusiness Energy Property Credit
25C A $500 lifetime credit was allowed for personal energy property (such as energy-efficient doors and windows) for the taxpayer's principal residence. The credit equaled 10% of the cost of qualified energy-efficient improvements plus 100% of the cost of residential energy property expenditures. This credit has been extended for property placed in service through 12/31/22. A $1200 annual credit is allowed for qualified energy-efficient improvement installed during the year and residential energy property expenditures paid or incurred. Credit equals 30% of the cost of the improvements and expenditures made during the year. An additional credit amount of $150 is available for a home energy audit.
Credit amounts are limited to:
  • Any qualified energy property $600
  • Windows and skylights - $600
  • Exterior doors - $250 and $500 in aggregate
  • Heat Pump and heat pump water heaters, biomass stoves and boilers - $2000
Identification numbers will be required with respect to specified property items placed in service after 2024.
Property placed in service after 2022.
Residential Clean Energy Credit

Formerly Residential Energy Efficient Property
25D Individuals were allowed a Residential Energy Efficient Property (REEP) credit of 26% of their qualified expenditures for solar electric, solar hot water, fuel cell, small wind energy, geothermal heat pump, and biomass fuel property installed in homes. The credit is increased to 30% for qualified expenditures. The rate is reduced in stages after 2032.

Qualified battery storage technology is considered a qualified expenditure after 2022.
Expenditures made after 2021 and before 2035.

mini split in living room

Install a ductless system for Customized Comfort

While many homes have traditional forced air heating and cooling systems, ductless systems continue to grow in popularity for the many benefits that they offer, especially in areas traditional HVAC units just do not serve well. Ductless units allow you to maximize the efficiency and comfort of your indoor spaces, and with ductless HVAC services, you can expect to receive:

  • Versatile Control: Ductless cooling and heating systems allow for individualized control of the temperature in your home by creating zoned spaces that can be custom-programmed according to your preferences for each area. Individually control up to eight zones from one outdoor unit for ideal personalized comfort throughout your home or in a single defined space.
  • Energy Savings: As one of the most cost-efficient HVAC systems, ductless systems increase home efficiency and reduce utility costs by allowing you to have control over which areas are being heated or cooled in the home. Conventional systems are either on or off. All or nothing. With Inverter-Compressor Technology the compressors ramp up or down based on the needs of each room to maintain comfort and conserve energy. Control each zone in your home independently and even turn off zones that are not in use. All Mitsubishi systems are ENERGY STAR qualified and are eligible for federal and state tax credits, and/or local utility rebates.
  • Improved Air Quality: Air ducts can be a breeding ground for microbes, allergens, and contaminants that reduce indoor air quality, but a ductless system eliminates this issue with its innovative design. Washable filters last up to 10 years and give you another way to save money and reduce environmental impact. Advanced Multi-Stage Filtration Capture and remove contaminants that trigger allergy and asthma symptoms, spread illness and impact air quality. Available on select systems, Platinum Deodorizing filters use nanotechnology to absorb odors to neutralize the worst smells.
  • HOW IT WORKS (Video)