Xcel Energy: Heat Pump
| Subtype | Amount | Requirements |
|---|---|---|
|
Ducted ASHP Tier 1
|
$900 per cooling ton
|
15.2+ SEER2, 11.7+ EER2, 7.8+ HSPF2 with Quality Installation; must use Xcel-approved contractor
|
|
Ducted ASHP Tier 2 (cold-climate)
|
$2150 per heating ton
|
18+SEER2, 11.7+ EER2, 8.1+ HSPF2 with Quality Installation; listed on NEEP cold-climate list; heating capacity at 5°F/capacity at 47°F > 70%; must use Xcel-approved contractor.
|
|
Ductless ASHP Tier 1
|
$900 per cooling ton
|
15.2+ SEER2, 11.5+ EER2, 7.8+ HSPF2
|
|
Ductless ASHP Tier 2
|
$2,150 per heating ton
|
18+ SEER2, 11.5+ EER2, 8.5+ HSPF2; see additional ccASHP requirements above
|
|
GSHP
|
$3,300 per heating ton
|
16+ EER2, 3.3+COP
|
You may also be eligible for…
Depending on your location, you may also be eligible for these additional rebates:
State and Federal Tax Credits
Note that all these rebates and tax credits can be combined to help you pay for your project.
| Measure Type | Type of tax credit | Tax credit amount | Requirements |
|---|---|---|---|
|
Heat Pumps
|
State Tax Credit
|
$500 to customer (plus up to $1,000 to installer)
|
Energy Star certified, use state-qualified installer |
|
Heat Pumps
|
Federal Tax Credit
|
30% up to $2,000
|
Rebate Details
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Measure: Install a heat pump for heating & cooling
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Updated: Jan 23, 2025
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Contact Online
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Heat Pump Rebate Details