With the Inflation Reduction Act (IRA) in full effect, Colorado homeowners now have access to dozens of federal, state, and utility-based rebates and tax incentives aimed at making energy-efficient upgrades more affordable. Whether you're upgrading your HVAC system, adding insulation, or finally switching to solar, there are real dollars available to help cover the cost.
The only problem? Most homeowners and buyers have no idea these programs exist. Let's change that.
The IRS has compiled a detailed breakdown of available tax credits and rebates: IRS Energy Credits. Here are some of the highlights:
Appliance Upgrades
Get a 30% tax credit for upgrading to ENERGY STAR-rated appliances like water heaters, air conditioners, and stoves.
Home Weatherization
Receive a 30% credit (up to $1,200 annually) for insulation, exterior doors, energy-efficient windows, and air sealing improvements.
Clean Energy Installations
Claim a 30% tax credit for systems like solar panels, battery storage, small wind turbines, or geothermal heat pumps.
Heat Pump Incentives
Qualify for a 30% credit (up to $2,000 annually) for energy-efficient heat pump installations for heating, cooling, or water heating.
Our local utility providers are stepping up with their own rebates and incentive programs. These can be stacked with federal credits for even more savings.
Website: csu.org
Appliance Rebates: Cash back for ENERGY STAR-rated refrigerators, dishwashers, and clothes washers.
HVAC Upgrades: Up to $1,200 for central air and heat pump upgrades.
Smart Irrigation Controllers: Save up to $75.
Water Heater Rebates: Receive up to $500 on high-efficiency electric models.
Apply for rebates here: CSU Rebate Application Portal
Website: blackhillsenergy.com
Furnace and AC Rebates: $300+ for high-efficiency HVAC upgrades.
Smart Thermostats: $50 rebates available.
Home Insulation and Sealing: Up to $400 rebate.
Rebate forms and details here: Black Hills Energy Rebates
Website: mvea.coop
Heat Pump Water Heaters: Rebates up to $500.
LED Lighting: Rebates per bulb for commercial and residential customers.
Electric Vehicle Charging Stations: Incentives for home installations.
Full rebate list and application: MVEA Rebates Page
Energy upgrades can improve home value, lower utility bills, and even make your home more appealing to future buyers. Sharing these opportunities with your clients, neighbors, and friends not only helps them save money but positions you as an informed and trusted resource.
Don’t leave money on the table. Take a few minutes to explore what incentives you might qualify for. Whether you're just moving in or planning to sell, energy rebates and tax credits can make a big difference.
And if you need help navigating which upgrades make the most sense for your home and budget, I'm happy to help connect you with resources and local vendors.
Nicole is a retired military spouse of over 25 years, as well as a full time Real Estate Professional serving her clients in and around Colorado Springs.
You need a REALTOR® with vast experience and knowledge of our specific market. You need a REALTOR® that genuinely cares about you and puts your needs first. You need a REALTOR® you can trust. Nicole is that REALTOR®.