Heat Pump Rebates In Eagle County, CO

Save Energy And Money

Discover how to save on energy costs and reduce your carbon footprint with heat pump incentives available in Eagle County, CO, and the surrounding areas. Learn about Heat Pump rebates, tax incentives, and financing options to make your transition to an eco-friendly comfort solution more affordable and accessible.

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How To Receive Heat Pump Rebates & Tax Incentives In Eagle County Colorado

1.

Getting Started: Once you decide you want a sustainable and eco-conscious comfort solution, contact us (link to contact page) to start the process.

2.

Choose the Right Heat Pump: We will choose the right heat pump for your comfort needs and ensure it meets the qualifications for rebates and tax incentives.

3.

Enroll for an Energy Assessment: We will help you enroll for an Energy Assessment from Walking Mountains Science Center and Energy Smart Colorado.

4.

Hire a Qualified Contractor: Choose a contractor registered and authorized to provide rebates and tax credits. Also, ensure they have the proper training and qualifications for heat pump installation.

5.

Ensure Proper Installation: Correct installation is crucial to ensure you get the most out of your new heat pump and that it meets the requirements for rebate approval.

6.

Apply for Rebates: You can apply for rebates from each rebate provider. Don’t worry; we will guide you through this process.

7.

Enjoy Your New Heat Pump: Benefit from your new eco-friendly comfort solution while waiting for your rebates.

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Energy Assessment

During the energy assessment, the energy auditor will check your home for areas you can improve to increase energy efficiency. They will examine insulation levels, identify drafts, and advise you on upgrading home appliances to more efficient ones.

Inflation Reduction Act Discount

The Inflation Reduction Act (IRA) of 2022 aims to address climate change by encouraging the adoption of clean energy technologies and improving energy efficiency. One key component of the IRA is supporting and promoting heat pumps, which are highly efficient heating and cooling systems.

Key Points About the IRA And Heat Pumps

Tax Credits and Rebates

The IRA offers substantial tax credits and rebates for purchasing and installing heat pumps. Homeowners can receive up to a 30% tax credit on the cost of installing a heat pump system. Rebates can vary based on income levels and specific state programs, with some homeowners potentially receiving thousands of dollars back on their investments.

Energy Efficiency

Heat pumps are recognized for superior energy efficiency over traditional heating and cooling systems. By transferring heat rather than generating it, heat pumps can reduce energy consumption and lower utility bills. The IRA incentivizes the use of heat pumps to reduce carbon footprints and promote sustainable energy use.

Environmental Benefits

The adoption of heat pumps helps reduce greenhouse gas emissions. By using electricity, especially from renewable sources, heat pumps contribute to a cleaner and more sustainable environment. The IRA supports the transition to cleaner energy, aligning with broader goals to combat climate change.

Eligibility and Installation

Homeowners and businesses can qualify for IRA incentives by installing certified heat pump systems. Ensuring that the equipment meets the specified energy efficiency standards is essential. Professional installation by certified contractors like Elite HVAC is often required to maximize the benefits and ensure the proper functioning of the system.

Financing Options

The IRA also encourages the development of financing programs to help homeowners afford the initial cost of heat pump systems. These programs can include low-interest loans and other financial products designed to spread the cost over time.

Benefits Of Heat Pumps Under The Inflation Reduction Act

Cost Savings

The combination of tax credits, rebates, and lower energy bills can result in significant cost savings over the life of the heat pump system.

Increased Home Value

Installing energy-efficient systems like heat pumps can increase the value of your home.

Comfort And Convenience

Heat pumps provide consistent and reliable heating and cooling, improving overall home comfort.

Colorado Heat Pump Discount

The Colorado Heat Pump Tax Credit provides substantial incentives for residents to install energy-efficient heat pumps. The tax credit is a vital component of the state’s strategy to promote clean energy, improve energy efficiency, and provide economic and environmental benefits to its residents.

Heat Pumps, Eagle County Eco-Friendly Comfort

Heat Pump Financing Is Available In Colorado

The Colorado Clean Energy Fund offers financing options to help homeowners afford the installation of energy-efficient heat pumps and other eco-friendly home improvements. Financing makes it easier for homeowners to invest in energy-efficient upgrades by spreading the cost over time, making these improvements more accessible and affordable.

You can apply for financing for the Colorado Renewable Energy Upgrade Loan (RENU) through the Colorado Clean Energy Fund.

Equipment Requirements For Heat Pump Incentives

Ducted Heat Pump

  • Heating Seasonal Performance Factor (HSPF2) of 8.1+
  • Coefficient of Performance (COP) @ 5° of 1.75+

Ductless Mini-split Heat Pump

  • Heating Seasonal Performance Factor (HSPF2) of 9.5+
  • Coefficient of Performance (COP) @ 5° of 1.75+

Ductless Mini-split Heat Pump

  • Heating Seasonal Performance Factor (HSPF2) of 9.5+
  • Coefficient of Performance (COP) @ 5° of 1.75+

Outside unit must be elevated at least 12 inches off the ground to defrost properly

Garfield County (Climate Zone 5)

  • Heat pump rated to 5°F minimum

Eagle county (climate zone 6), gunnison and pitkin counties (climate zone 7)

  • Heat pump rated to -5°F or colder minimum

Recommended: load calculation to right size heat pump system and derate for high elevation

Frequently Asked Questions About Heat Pump Incentives In The Eagle County Area

What are the benefits of having a heat pump for my Eagle County home?

Heat pumps are highly energy-efficient systems that provide heating and cooling by transferring heat from the outside air into a building. They significantly reduce energy costs and greenhouse gas emissions, improving indoor air quality with advanced filtration


Additionally, they offer consistent comfort with quiet operation and require less maintenance than traditional HVAC systems. You can qualify for various rebates and tax incentives, enhancing their cost-effectiveness and appeal.

The amount you can save varies based on the specific rebates and incentives you qualify for. Still, it can be significant, often covering much of the installation cost.

Contractors must be registered and authorized to provide rebates and tax credits. They must also have proper training and qualifications for heat pump installation. Elite HVAC is certified to provide these services.

Rebate processing times can vary, but typically, you can expect to receive your rebates within a few weeks to a few months after installation.

Yes, an energy assessment is often required to qualify for heat pump rebates in Colorado. The assessment helps identify areas for improvement and ensures that your home meets energy efficiency standards.

Yes, heat pumps have come a long way since they were introduced. Now, we have cold-climate heat pump technology to ensure your home stays comfortable all winter. Our cold-climate heat pumps can produce heat even at -13°F!

A heat pump is an air conditioning system that captures and relocates heat. In the summer, it captures heat inside your home and sends it outside. During the winter, it captures heat outdoors and sends it inside. It uses a compressor, reversing valve, and refrigerant to do this.

Heat pumps are significantly more efficient than traditional heating systems like furnaces or boilers. They can achieve 200-300% efficiency, producing two to three times more heat than the electrical energy they consume. This high efficiency is because heat pumps transfer heat rather than generate it by burning fuel. Traditional heating systems, on the other hand, typically operate at around 80-95% efficiency.

Heat pump technology is more advanced, so the initial investment cost is higher than that of traditional systems. However, the savings in energy efficiency and heat pump incentives help outweigh this initial investment.

Yes, there are plenty of local, statewide, and national rebates for heat pump installation. Additionally, state financing programs offer favorable loan terms.

Yes! A heat pump system will provide efficient cooling and heating, allowing your existing heating system to act as emergency or backup heat.

Yes, they use advanced technology like electrical inverter-driven compressors to move heat instead of creating it.

No, thanks to the inverter-driven compressor, they are whisper-quiet, just like the indoor units.

Here’s What Our Customers Say…

Check out these reviews from some of our amazing clients and find out what it's like to work with us!

Zak BocaZak Boca
22:48 14 Jul 23
I wouldn’t work with anyone else! They do a phenomenal job I highly recommend.
Sally AgnolettoSally Agnoletto
15:33 07 Jul 23
Incredible Service - would absolutely refer their business
Sean BoggsSean Boggs
12:32 29 Mar 23
Ricardo was great. Very proactive in getting things done and beat of all, he found me a $4000 rebate for our project.
bret taberbret taber
04:47 04 Feb 23
Ricardo installed a Mitsubishi cold climate heat pump for our home. He worked with us to get the system that fit our existing home the best (we replaced a ducted forced air gas furnace). I received quotes from several other local companies, but they were all trying to sell me other products and they never really bothered to follow up or respond to questions with the systems they proposed. The Elite HVAC bid came in well below others. Ricardo was super responsive and came back out several times to discuss the project to make sure we were comfortable with the install and where everything would be placed. He helped me get everything prepared for our HOA and to get our refund from Holy Cross and Walking Mountain. The communication, service and quality with his work were terrific.
Colleen GauronColleen Gauron
13:48 17 Aug 22
I had a great experience with Ricardo and Elite. Ricardo really impressed me with his professionalism and knowledge. He was very patient with my many questions. I am so glad I chose Ricardo and Elite to install my new AC. The work was done quickly and efficiently. He has even checked in with me from time to time to see how the AC is working. I Highly recommend Elite !
Jimmy ArbourJimmy Arbour
17:21 13 Aug 22
Elite HVAC installed a mini-split A/C unit with two indoor units to cool two bedrooms. Ricardo proved to be very reliable and friendly, and charged less than the other HVAC company that bid on the job. He came when he said he would and installed the units very quickly in two days with minimum mess or disruption.
Brad GreenwayBrad Greenway
21:21 10 Aug 22
Elite HVAC were very professional. During my search for a contractor, they kept in contact. Once we agreed on the routing of the pipes and scope of work, the performed as agreed and on time. They were very careful in protect the floors and cleanup at the end of the day. What more could I ask? They did the work professionally as agreed and on time.
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