Residential Rebates Available

Your Benefits

• Rebates help with the initial cost of equipment
• Buying a 95% efficient furnace with EC Motor helps protect you from the potential of future rising energy costs

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, EC fan Motors (ECM's) are now standard in all new furnaces, and they are much more efficient than the fan motors that were in older furnaces. You can expect to save about $83/year on your electric service bill. That's a lifetime savings of about $1,500.

• You're not required to have your Heating contractor be one of our participating contractors. However, make sure your contractor is aware of our rebates and equipment qualifications.  For questions you should ask your contractor, download our PDF
• Xcel Energy natural gas residential account holders are eligible for qualifying, 95% efficiency furnace rebates.
• If you have furnaces, you may receive rebates for both. One application form is needed for each furnace.

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. 

1. Purchase and install a new, qualifying furnace.

2. Apply online or send us the completed rebate application (PDF). Learn more about our rebate process.

3. Expect your rebate check in eight weeks or less. Make sure your rebate application reaches us by the deadline - September 30 of the year after your new system was installed.

For an average home, a new 96% efficient furnace may cost $6,000 - $7,000. A baseline efficient furnace might average $5,000 - $6,000, 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

• 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)
• Upon invoicing and installation, complete and submit a rebate application (PDF)

Who to Contact

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