Colorado Energy Rebates & Tax Credits

13 state-level programs plus 15 federal programs available to Colorado residents.

Key Takeaways

Colorado offers 13 energy rebate and tax credit programs, close to the national average of 12 (rank #20 of 51).
Residential electricity costs 14.3¢/kWh, near the national average of 15.9¢/kWh. Energy efficiency upgrades provide moderate but steady savings here.
Colorado was allocated $174M in IRA (Inflation Reduction Act) funding — below the state average of $194M. Programs cover HOMES rebates ($88M) and HEEHR electrification ($86M).
IRA HOMES rebate status: Launched (launch: 2025-05). HEEHR status: Launched (launch: 2025-08).

State Programs

Tax Credits

Rebates

Utility Programs

Colorado Electricity Rates

14.30 ¢/kWh

Residential

11.44 ¢/kWh

Commercial

7.87 ¢/kWh

Industrial

National rank: #22 | Compare all states

IRA Rebate Status in Colorado

HOMES Program

Status: Launched

Launch: 2025-05

Funding: $88M

Colorado Energy Office administering

HEEHR Program

Status: Launched

Launch: 2025-08

Funding: $86M

Includes multi-family

Administered by: Colorado Energy Office | Total IRA allocation: $174M

View all states →

Electric Vehicles(2 programs)

Black Hills Energy EV Charger Rebate

$250-$500Rebate

Xcel Energy EV Charger Rebate

$250-$500Rebate

Financing(1 programs)

Colorado Energy Efficiency Loan Program

$19,739Low-Interest Loan

HVAC / Heat Pumps(4 programs)

Black Hills Energy Heat Pump Rebate

$500-$3,000Rebate

Black Hills Energy Smart Thermostat Rebate

$50-$100Rebate

Colorado Heat Pump Rebate

$2,453Rebate

Xcel Energy Heat Pump Rebate

$500-$3,000Rebate

Solar(4 programs)

Colorado Net Metering

VariesPolicy

Colorado Renewable Energy Property Tax Exemption

VariesTax Exemption

Colorado Solar Rebate Program

$1,584Rebate

Xcel Energy Solar Panel Rebate

$500-$2,500Rebate

Weatherization(2 programs)

Colorado Home Weatherization Rebate

$1,828Rebate

Xcel Energy Home Energy Audit Rebate

$100-$200Rebate

Federal Programs Available in Colorado

All 15 federal programs apply to Colorado residents and stack with state incentives.

Battery Storage Tax Credit30%ENERGY STAR Appliance Tax Credit30% up to $1,200 EV Charger Installation Credit (EVSE)30% up to $1,000 EV Tax Credit (New Clean Vehicle)Up to $7,500 Electric Panel Upgrade Credit30% up to $600 Energy-Efficient Commercial Building Deduction (179D)Up to $5.00/sq ft Energy-Efficient New Homes Credit (45L)Up to $5,000 Geothermal Heat Pump Tax Credit30%

View all federal programs →

Frequently Asked Questions

How many energy rebate programs are available in Colorado?

Colorado currently has 13 state-level energy incentive programs, plus all 15 federal programs that apply nationwide. These include tax credits, rebates, utility incentives, and financing programs.

Can Colorado residents claim federal energy tax credits?

Yes. All Colorado residents can claim federal energy tax credits including the 30% solar credit, up to $2,000 heat pump credit, and up to $7,500 EV credit, in addition to any Colorado-specific programs.

What are the IRA rebate programs in Colorado?

The IRA established two rebate programs: HOMES (for whole-home energy savings) and HEEHR (for electrification like heat pumps and appliances). Each state administers these programs independently. Check our Colorado state page for current launch status and funding details.

How do I apply for Colorado energy rebates?

Application processes vary by program. State tax credits are claimed on your state tax return. Utility rebates typically require submitting a form to your utility company. IRA rebates are applied at the point of sale through participating contractors.

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