Rebates & Tax Incentives

Xcel Energy Insulation Rebates Denver Golden CO

Xcel Energy Insulation Rebates are for homes heated primarily with Xcel Energy’s fuel. Improvements must be done by an Xcel Energy partner contractor like us to earn the rebates. Homes heated with electricity are eligible for lesser rebate amounts than homes heated with gas (see below for details). The following rebates amounts are for homes heated with Xcel Energy’s gas service. Rebates for customers with Xcel Energy electric service, using central AC, but heating fuel is not provided by Xcel Energy: Rebates will be $15 to $60 depending on the service.   

Xcel Energy Attic Insulation Rebates:

30% of the cost, up to $1,250 for Xcel gas heated homes. Insulation level must be R 24 or less before upgrading.  Air leakage must be reduced as noted above.

Xcel Energy Above-Grade Wall and Attic Wall Insulation Rebates:

30% of the cost, up to $875 for Xcel gas heated homes. Air leakage must be reduced as noted above. Walls must not have any wall insulation before upgrading to earn rebate.

How likely is it that we can reduce the air leakage by 20% by sealing my attic? It’s not possible to estimate the amount of improvement, because there is no way to know how much leakage is coming from the attic vs other areas of the house. If 20%+ is currently coming from the attic and other areas that we seal, then we can achieve that level of air leakage reduction. If only 15% of the home’s air leakage is currently coming from those areas, then we can only achieve a 15% improvement. We do know that in a home with a vented crawl space or other large air leaks, if we seal the whole attic and other significant air leaks are not sealed, any contractor will have more difficulty achieving a 20% improvement. For the same reason, if your home has significant areas of ceilings which can’t be accessed from above, it’s less likely that a 20% improvement can be achieved.

Xcel Energy Whole Home Efficiency Rebate

There is another Xcel Energy rebate program called Whole Home Efficiency, which requires at least three rebate-qualifying improvements to be made. These three improvements can be air sealing, attic insulation, and wall insulation, or if you are working with a heat pump contractor who is an Xcel Energy Whole Home Efficiency partner, you can install a qualifying heat pump or heat pump water heater. Other options are available to choose from as well. Contact us for details!

How does the rebate application work?

If you qualify, we file for the rebate on your behalf. We do an air leakage test on the house at the beginning and end of the project. We don’t do the test at the end if you don’t qualify for the air sealing rebate. We usually do the tests on the same days as the improvement work. You can choose if the rebate comes in the form of a check or Xcel Energy bill credit, or if you are on automatic bill pay, it can be an automatic deposit.  Xcel Energy rebates are issued within 6-8 weeks of submittal. The rebate comes in the form of a check or bill credit, or if you are on auto bill pay, it can be an automatic deposit.  Let us know your preference.

Xcel Energy’s rebates only qualify for single family homes or multifamily units with up to four units per building. **Rebates are not available for multi-family buildings with more than four units. For example, a townhome or apartment building with 5 units or more in the building does not qualify for rebates.

Call us today at (303) 868-6653  to learn more or schedule an appointment.

Efficient Home Tax Credits (Inflation Reduction Act)

Home efficiency upgrades can go a long way toward shrinking your carbon footprint, which is why the tax code rewards climate-friendly efficiency improvements.

• What the Energy Efficient Home Tax Credit covers: Consumers can get a 30 percent tax credit, (materials cost only, not labor) up to $1,200 per year, for adding insulation and sealing air leaks. The rebate for households with moderate incomes covers 50% of these costs. Find out if you qualify here. If you would like a thorough home efficiency evaluation and professional advice about which changes to make, and safetychecks of your gas lines and gas-fired equipment, there is a tax credit of 30% of the cost, up to $150 per household for a home energy audit.
• When it starts and ends: The tax credit applies to projects completed between January 1, 2023 and the end of 2032.
• Who qualifies: As long as the improvements are made to a primary residence, you should qualify. If you’re a renter or living in a multifamily building, you may qualify too. You will claim the tax credit when you file your federal income taxes. Ask your tax preparer for details on tax credits.

City of Golden, CO Insulation Rebates and Air Sealing Rebates

As of May 2023, the City of Golden, CO is matching Xcel Energy’s rebates until funds run out! Between Xcel Energy and the City of Golden rebates, you can get up to $1200 in insulation and air sealing rebates for your attic! There are even more tax credits for income-qualified homeowners earning up to 80% of Area Median Income (AMI).

After you have received your Xcel Energy insulation and air sealing rebates, click here to apply for the City of Golden, CO insulation and air sealing rebates.

Xcel Energy Energy Audits

Xcel Energy also offers $200 rebates for infrared + blower door (air leakage test) energy audits. Click here for more information. There is also a federal tax credit of 30% of the cost, up to $150 per household for a home energy audit.

Call us today at (303) 868-6653  to learn more or schedule an appointment.