Heat pump installers and rebates in Denver, CO

Rebate programs in Denver

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Denver is a gas-heated city at altitude: of the 335,428 occupied housing units, 61% heat with natural gas, 36% with electricity, and oil and propane together under 2% (Census ACS 2020-2024, table B25040, https://data.census.gov/table/ACSDT5Y2024.B25040?g=160XX00US0820000, checked 2026-10-21). The 359,581 total units split between 40% single-family detached, 9% single-family attached, 5% two- to four-unit buildings and 45% in buildings of five or more (Census ACS 2020-2024, table B25024, https://data.census.gov/table/ACSDT5Y2024.B25024?g=160XX00US0820000, checked 2026-10-21), and the stock runs older than the Sun Belt doors: 17% of units date from before 1940, 55% from before 1980 and 31% from 2000 or later (Census ACS 2020-2024, table B25034, https://data.census.gov/table/ACSDT5Y2024.B25034?g=160XX00US0820000, checked 2026-10-21). Denver sits at 5,280 feet, where the thin air reduces both the heating capacity and the cooling capacity of every outdoor unit by roughly 5% compared to the sea-level rating, so the installer uses altitude-derated performance tables rather than the nameplate BTU when selecting the system. The gas furnace in a mid-century Denver bungalow is the most common replacement target on this door, and the question is whether the homeowner wants a full swap or a dual-fuel setup that keeps the furnace as backup below the balance point, because a cold-climate heat pump at altitude still covers most Denver winter nights but the handful of sub-zero nights each year push the economics toward keeping the gas line.

This market right now
Serving utility: Public Service Co of Colorado, CORE Electric Cooperative, United Power, IncIncentive: Colorado Heat Pump Tax Credit (HPTC). Source: energyoffice.colorado.gov. Program terms checked 2026-10-15.
  • Xcel Energy: No figure

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At 5,280 feet a gas furnace has to be derated or it burns dirty. Brick bungalows and wartime houses in Highlands and Park Hill still push that heat through leaky ducts.

Service area

Neighborhoods

LoDo, RiNo, Capitol Hill Denver, Five Points Denver, Highlands Denver, Cherry Creek, Washington Park, Park Hill, Lakewood CO, Littleton, Sloans Lake, Berkeley Denver.

LoDo
RiNo
Capitol Hill Denver
Five Points Denver
Highlands Denver
Cherry Creek
Washington Park
Park Hill
Lakewood CO
Littleton
Sloans Lake
Berkeley Denver

Denver County

Denver.

Arapahoe County

Aurora, Centennial, Englewood, Greenwood Village, Cherry Hills Village, Sheridan, Glendale, Columbine Valley, Deer Trail, Bow Mar, Foxfield.

Jefferson County

Lakewood, Arvada, Wheat Ridge, Golden, Edgewater, Mountain View, Morrison, Lakeside.

Adams County

Thornton, Westminster, Commerce City, Brighton, Northglenn, Federal Heights, Bennett.

Douglas County

Castle Rock, Parker, Castle Pines, Lone Tree, Larkspur.

Broomfield County

Broomfield.

Programs we check for this address
Xcel Energy

Ask the program or your installer to confirm eligibility and amounts for your address.

See what each program pays in Denver

Nearby heat pump guides

See Denver rebates.

The worst day to pick a heat pump is the day the old system dies. See the number now, decide later.