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Denver Heat Pump Rebates
At Patriot Pros, we take pride in providing our clients with inclusive rebate programs for various products. With Denver’s Climate Rebate Program returning, we’re thrilled to offer our clients even more advantages.
If you have a heat pump eligible for one of these rebates or are interested in finding out if a rebate-eligible heat pump is right for you, contact Patriot Pros today.
Did you know Denver is encouraging its residents to opt for cleaner and greener home heating and cooling options? And guess what? There’s a fantastic rebate program that can help you make the switch easier!
We understand that investing in these systems can be a bit expensive, but the good news is, with these rebates, you can receive financial assistance with your purchase and installation costs. The program covers nine pieces of equipment, with heat pumps being an excellent option to explore. Plus, some rebates can cover up to 80% of the total costs, making it an even sweeter deal!
Since the program started, over 130 energy-efficient heating and cooling units have been installed in Denver. Talk about progress! And, guess what? Heat pump water heaters are also eligible for the rebates. So, why not join the movement and make your home eco-friendlier while saving some cash in the process?
Did you know that five different pieces of equipment are eligible for a heat pump rebate? However, deciding which option is the best option for you can be challenging. Allow us to help you out!
Firstly, when it comes to efficiency, there are different ways to measure it, such as the Seasonal Energy Efficiency Ratio (SEER), Energy Efficiency Ratio (EER), and Heating Seasonal Performance Factor (HSPF).
SEER measures the cooling output of an air conditioner across a typical season, divided by how much energy it uses in Watt-Hours.
Similarly, EER measures the ratio of BTUs per hour to the watts used to power the unit; and HSPF measures how efficiently a heat pump heats a space compared to energy usage.
At Patriot Pros, this may sound confusing, but we’re here to clarify any questions. Don’t hesitate to contact us; we’d love to assist you in making the best decision for your home!
Here’s a closer look at each of those eligible units:
Single-home maximum cost offset is $14,000
Provides funding to DOE for state energy offices ($4.3 billion) to develop and implement a rebate program to homeowners and aggregators for whole-house energy-saving retrofits.
Based on modeled energy savings for single and multifamily.
*Interpretation of this provision varies across media channels. We’re actively pursuing a universally accepted interpretation.
**Efforts are underway to simplify the efficiency performance qualifications. Check back soon for updates.
The High-Efficiency Electric Home Rebate Program (HEEHRP) might be just what you need!
This program offers rebates up to $14,000 per household, which can be used for various updates. You can receive up to $8,000 for installing Energy Star qualified heat pumps, up to $4,000 for electrical panel upgrades, up to $1,600 for home insulation and sealing, and up to $2,500 for home electrical wiring improvements. Pretty exciting, right?
However, eligibility and the amount of rebate depend on household income. If your income is below 80% of the area median income, 100% of the system purchase price will qualify for the rebate. For those within 80% to 150% of area median income, the rebate will cover 50% of the system purchase price.
Unfortunately, households above 150% of the area median income won’t qualify for the rebate.
But, the good news is the U.S. government appropriated $4.5B of funds for this program, so the duration of the program will depend on the amount of funds available within each state and the number of rebates distributed.
Have more questions about your eligibility or how to apply? Don’t hesitate to reach out to us, and we’ll be more than happy to assist you!
Denver’s rebate program for energy-efficient cooling systems maxed out for the second time this summer? Talk about a popular program! They’ve temporarily paused the program, but don’t worry; they’re set to resume in late 2022 or early 2023.
Now, keep in mind that there is a specific amount of funds set aside for this program, so filing your rebate as soon as possible is essential to ensure you can take advantage of the rebate’s benefits. Don’t miss out on the opportunity to save some money while also making your home more efficient.
Heat pumps are high-quality, long-lasting products that offer substantial cost savings over time due to their energy efficiency. And, Denver’s rebate program can provide even more value, making it even more worthwhile to invest.
If you have any questions about heat pumps or the rebate program and would like to learn more, don’t hesitate to get in touch with us at Patriot Pros. We’re always here to help and provide you with the information you need to make an informed decision. So what are you waiting for? Give us a call today, and let’s chat!
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