Financing and Incentives
For local incentive programs and rebates from Xcel Energy
For Energy Efficiency and Renewable Energy Rebates- by item, from all sources.
To navigate this page, click on tax credits at the bottom left of the page. The job must be completed or equipment/materials purchased by December 31st, 2011 for 2011 tax credits. Energy efficiency jobs must have been completed by December 31st, 2011 to qualify. Renewable energy tax credits expire in 2016.
. Want your questions answered by your local Xcel energy retrofitter? Call Comfort by Kodiak 970.468.2446. If you get an Xcel audit, you can qualify for additional incentives through Home Performance with ENERGY STAR.
New Developments
The Cut Energy Bills at Home Act has been introduced in the Senate with bipartisan support. If passed, the bill would create a new 25e tax credit -- the first residential performance-based tax credit given to homeowners who make energy efficiency improvements. The proposed bill would provide performance-based tax credits of up to $5,000 per project for homeowners who install qualified energy efficiency measures. Learn more or add your support to the bill here.
Incentives for Builders and Home Owners
Xcel Energy New Homes Builder Rebate - Note: rebates have gone down for 2012. Many builders use this rebate to cover Home Energy Rating fees. Home Energy Rating Services are provided by High Country Conservation Center.
Energy Star Mortgages are available locally through Wells Fargo and Bank of Colorado. Receive a 1/4 point reduction on your interest rate if you build an Energy Star Home.
Residential Rebates and Tax Credits by Item (A Summary)
ENERGY EFFICIENY (RESIDENTIAL)
Biomass Stove |
tax credit 10% of cost up to $500 (2011)
|
Federal |
Advanced main air circulating fan |
tax credit 10% of cost up to $500 (2011) |
Federal |
Air source heat pumps |
rebate $0-500 |
Xcel
|
Central Air Conditioning Evaporative Cooler |
tax credit 10% of cost up to $500 (2011)
rebate, $500 |
Federal
Xcel |
Gas/Propane/Oil hot water boiler |
tax credit 10% of cost up to $500 (2011)
rebate $120, boiler |
Federal
Xcel
|
Natural gas or propane furnace |
tax credit 10% of cost up to $500 (2011)
rebate $80-$120, furnace |
Federal
Xcel |
Oil furnace |
tax credit 10% of cost up to $500 (2011) |
Federal |
Gas condensing furnace |
rebate $80-$120, furnace |
Xcel |
Hot water heater gas condensing high performance |
rebate, $40-$80 |
Xcel |
Hot water heater gas tankless |
rebate, $100
|
Xcel |
Storm windows and doors |
tax credit 10% of cost up to $500 (2011) |
Federal |
Insulation |
tax credit 10% of cost up to $500 (2011)
20% of the cost up to $300
|
Federal
Xcel |
Metal and asphalt roofs |
tax credit 30% of cost up to $1,500 (2010)
tax credit 10% of cost up to $500 (2011) |
Federal |
RENEWABLES (RESIDENTIAL)
Small wind turbine residential |
tax credit 30% of cost
|
Federal
|
Geothermal heat pump |
tax credit 30% of cost |
Federal |
Solar PV systems |
tax credit 30% of cost
rebate $2.45 per W (for .5-10kW systems)
|
Federal
Xcel
|
Solar thermal heat and/or hot water (residential) |
tax credit 30% of cost
|
Federal
|
Solar thermal heat and/or hot water (commercial) |
tax credit 30% of cost
|
Federal
|
Fuel Cells |
tax credit 30% of cost, up to $500 per .5kw of power capacity |
Federal |
|
