San Luis Valley Rural Electric Cooperative Heat Pump Rebates: A Homeowner’s Guide
Homeowners on Colorado’s Western Slope know the benefit of mild summers and cold winters. Efficient heating is essential, and San Luis Valley Rural Electric Cooperative (SLVREC) offers generous incentives to help you upgrade to a modern heat pump.
This guide outlines the rebates available through SLVREC and Zero Homes, how they stack with state and federal programs, and how you can maximize your savings.
SLVREC Heat Pump Rebates
SLVREC’s program is designed to make energy-efficient and electrification upgrades accessible. Homeowners can earn up to $5,500 in utility rebates, with features that reduce upfront costs:
Base rebate value: up to $5,500 for qualifying heat pump installations
Dual fuel bonus: $500 rebate when pairing a heat pump with a backup system
On-bill repayment: spread the cost of your heat pump project across your monthly utility bill instead of paying upfront
Between the rebates and repayment plan, SLVREC has made the upfront investment in heat pumps more approachable for households in the Western Slope.
Colorado State Rebates
In addition to SLVREC incentives, the State of Colorado offers $1,500 off the cost of a new heat pump installation. The discount is applied instantly when you work with a certified contractor like Zero Homes.
Federal Tax Credit
Homeowners can also claim the federal Energy Efficient Home Improvement Credit, which provides up to $2,600 back for installing a qualifying heat pump. The program runs through the end of 2025, so acting soon ensures you capture the maximum credit.
How Rebates Stack
When you combine SLVREC’s utility rebates with state and federal incentives, your savings add up:
SLVREC utility rebate: up to $5,500
Colorado state discount: $1,500
Federal tax credit: $2,600
Total potential savings: $10,100
How to Claim Your Rebate
Start with Zero Homes & SLVREC: We can confirm your eligibility and enroll you in their heat pump rebate program.
Work with a certified contractor: Zero Homes is recognized by the State of Colorado to apply your $1,500 rebate instantly.
File for the federal tax credit: When you file taxes, include IRS Form 5695 to claim your $2,600 credit.
Get Started with Zero Homes
Zero Homes is a certified contractor in Colorado and experienced in navigating SLVREC rebates, state programs, and the federal tax credit. We ensure your heat pump is sized correctly for Western Slope winters, installed properly, and qualified for the maximum rebate value.
Take action now to take full advantage of SLVREC rebates and the federal tax credit before the end of 2025.
