Heating Equipment Rebates

Residential Rebates Available

Your Benefits

• Rebates help with the initial cost of equipment
• Buying a 95% efficient furnace with EC Motor protects you from the potential of future rising energy costs
• EC Motors are less expensive to run than conventional furnace fans
  • Quieter operation thanks to a lower fan speed
  • Improved comfort with less temperature fluctuation, maintaining a more even temperature

Your Average Savings

These upfront rebates help you save on the cost of more efficient equipment. You are also expected to save energy and money every year for about 18 years - the average life of a furnace.

Average sized 95% efficient furnace savings are shown here, compared to the baseline 80% efficient new furnaces. Here’s a breakdown of the savings:

In addition, a new EC Motor in a new furnace could provide savings for about 18 years. If you put a new EC Motor into an existing furnace, the savings last for the lifetime of the furnace. That's an estimated total of $585 if energy prices remain the same.

• A participating Furnace and EC Motor contractor must install the qualifying furnace and/or EC Motor. 
• Xcel Energy natural gas residential account holders are eligible for qualifying, 95% efficiency furnace rebates.
• Xcel Energy electric use residential account holders are eligible for the EC Motor rebate.
• You may receive one or both rebates.
• If you have two furnaces and/or EC Motors, you may receive rebates for both. One application form is needed for each furnace/EC Motor.

Rental properties are also eligible for rebates. If you are the person who receives the energy bill and a tenant of the rental property, the property owner will likely paying for the project and will want the rebate. That is accomplished by you signing the rebate over to the property owner on the rebate application form in the Alternate Rebate Recipient section. 

Why Do We Require Registered Contractors?

High efficiency solutions for your home are often only as “highly efficient” as the quality installation techniques used by your contractor. There is no state-wide licensing program in Colorado for residential contractors, so NATE certification is required to ensure some common technical knowledge is in-house for each contractor. Once they meet the program requirements, they are added to the participating contractor list and given the rebate application. For questions you should ask your contractor, download our PDF.

1. You must use a participating Furnace and EC Motor contractor to receive a rebate.

2. Purchase and install a new, qualifying furnace and/or EC Motor.

3. Get the rebate application form from your installing contractor and complete it. Learn more about our rebate process.

4. Expect your rebate check in eight weeks or less. Make sure your rebate application reaches us by the deadline - July 31 of the year after your new system was installed.

For an average home, a new 96% efficient furnace may cost $4,000 to $7,000, including an EC Motor. A baseline efficient furnace might average $4,000 - $6,000, including an EC Motor. If an AC system is being installed at the same time, a discount may be available. Your contractor will give you a quote that is appropriate for your specific home. Please note that condensing 95%+ efficient furnaces need PVC pipes to run outside to exhaust gas and to bring in fresh air to the burners.

If you're looking for residential financing options, go here.

Information to Print

• For full details on heating rebates, read through our information sheet (PDF)
• View the list of the top rebate-producing residential trade allies (PDF)
• To get the best results, here are some questions to ask your contractor (PDF)

Who to Contact

For more information, please contact your contractor or call us at 800-895-4999.