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There is an abundance of rebates available in 2023 for building electrification, through the Inflation Reduction Act (IRA), state of Colorado tax credits and exemptions, and through electric utilities and local governments. In this article, we summarize how all these rebates can add up. There are a few updates to how to obtain the state tax credits for heat pumps and heat pump water heaters, which are summarized here.

To find rebates for heat pumps or heat pump water heaters, start by finding your electric utility from the list below. Please be sure to also visit your utility’s web page (by clicking on “rebate details”) for the most up-to-date rebate information.

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