Heat Pump Rebates - RESIDENTIAL + COMMERCIAL

Heat pumps provide a cost-effective, highly efficient, and low-maintenance way to both heat and cool your home. New technology also makes them an effective, efficient solution for the cold weather conditions and high elevations found in southwest Colorado. If you switch from propane or traditional electric heat to a heat pump system, and you could save more than $1,000 a year on your utility bills.

Learn More About Heat Pumps and Find An Installer Here

Air-Source Heat Pump Rebates 

 

Rebate amounts not to exceed 50% of material cost 

Up to

5 tons 

Each additional

ton 5-10 tons 

Each additional

ton 10+ tons 

Cold Climate Tier Air Source Heat Pumps 

Energy Star® 6.1 Cold Climate Rated (See Energy Star® Systems links below)

or 

Ducted system: min. 8.1 HSPF2, 1.75 COP, 70% capacity at 5°F as compared to 47°F

Ductless mini-splits: min. 8.52 HSPF2, 1.75 COP, 70% capacity at 5°F as compared to 47°F

$750 per ton 

$350 per ton 

$250 per ton 

Base Tier Air Source Heat Pumps 

 

(Ducted & Ductless: 7.8 HSPF2, 1.75 COP) 

$350 per ton 

$175 per ton 

$125 per ton 

Air-to-Water Heat Pumps 

(Most products qualify) 

$750 per ton 

 

$350 per ton 

 

$250/ton 

*Please look up your EnergyStar® System here: 

AHRI certification is required. Search for AHRI Certification here. 

If submitting for systems that mix ducted and ductless heat pumps, please submit two applications, one for each type (ducted and ductless). These systems will be combined and a rebate issued based on the total tonnage of the combined systems. 

(NOTE: For systems over five tons, the member is eligible for the original rebate amount for the first five tons and then a smaller amount for each additional ton beyond five tons.) 

 

Application instructions/requirements

  1. Complete the form below. You will need to upload:

    1. Proof of purchase/Invoice - *Materials and labor must be shown separately on the invoice. 

    2. AHRI certificate or number

    3. Info/spec sheets for units installed.

    4. IRS W-9 form completed by the member/rebate recipient. A W9 is kept on file by LPEA as proof of the allocation of funds. Any tax liability is the responsibility of the rebate recipient.

    5. Photo of Outdoor Unit(s)

    6. Invoice for weatherization work if applying for Weatherization Bonus

  2. Submit applications within 90 days of completed installation or certificate of occupancy (new construction).

  3. Installations must take place in LPEA’s service territory. DIY installations qualify for rebates but members are encouraged to seek professional installation. A contractor list is available here

  4. For Weatherization Bonus rebate, Weatherization measures must be installed at the time of heat pump installation, or within the 6 months prior, not after heat pump installation. You must include invoice for weatherization work performed with heat pump rebate application. (Select weatherization option at the end of the form.) One application is required.

  5. All rebates not to exceed 50% of equipment costs.

  6. Rebate amounts only available while funding lasts.

Examples

A single 3-ton and two 2-ton outdoor units would be combined to total a rebate for 7-tons = LPEA rebate issued up to $4,450 
Up to 5 tons x $750 = $3,750  
+ 2 additional tons x $350 = $700 
Total LPEA Rebate =  $4,450. 

A single 12-ton outdoor unit would receive $350 for each ton up to five, $175 per ton for each additional ton up to 10, then $125 per ton for the remaining two tons over ten. LPEA rebate issued up to $2,875 
Up to 5 tons x $350 = $1,750 
+ 5 add. tons x $175 = $875 
+ 2 add. tons x $125 = $250 
Total LPEA Rebate = $2875 

Other Heat Pump Rebates 

Rebate Type

Eligibility Requirements;

Rebate amount  not to exceed 50% of material cost.*

Quality Installer 

Must take installer course 

$350 per install 

ETS backup 

  

$100/unit 

New Ground Source  

Minimum ¾ ton 

$500/ton 

Replacement Ground Source 

Minimum ¾ ton 

$250/ton 

Weatherization + Heat Pump 

(see details below)

Install weatherization measure(s) with heat pump (i.e. insulation, air sealing, etc.) 

Bonus $250

Convert AC to Air Source Heat Pump 

   Bonus $100

Weatherization Bonus: Weatherization measures must be installed at the time of heat pump installation, or within the 6 months prior, not after heat pump installation. Heat pump rebate application must include invoice for weatherization work performed—included with application under ‘Additional Attachments

Find a Qualified Installer

 

PDF Form 

Applications typically take 8-10 weeks to process and are remitted as a check. 

Having trouble submitting your rebate? E-mail us at rebates@lpea.coop.