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Why Is Energy Efficiency Important?
Learn more about energy efficiency:
Energy Efficiency: County Goals
Efficiency 101
Why is Energy Efficiency Important?
Energy Efficiency: Financial Resources
Why is Energy Efficiency Important?
- Cost Savings: By using less energy, you lower your utility bills. Small improvements in efficiency can add up to significant savings over time.
- Environmental Benefits: Energy efficiency reduces greenhouse gas emissions and lowers your carbon footprint, which helps fight climate change.
- Energy Security: By using energy more efficiently, we reduce the overall demand for energy, which can help prevent shortages and reliance on imported energy.
- Improved Comfort: In homes and buildings, energy-efficient systems (like better insulation, heating, or cooling) can increase comfort by maintaining a more stable and pleasant indoor environment.
Energy Efficiency Financial Incentives
Federal Incentives – Residential Only
Energy Efficient Home Improvement Credit: If you make qualified energy-efficient improvements to your home after Jan. 1, 2023, you may qualify for a tax credit up to $3,200. You can claim the credit for improvements made through 2032.
Learn more about this incentive.
State of Colorado Incentives
Colorado Heat Pump Tax Credits: Coloradans can take advantage of state incentives to install heat pumps for space heating and cooling and water heating. All Colorado residents, businesses, and other organizations who install an eligible heat pump through a registered contractor may receive a portion of the tax credit (at least 33.33%) as a discount at the time of installation.
Learn more about this tax credit.
Colorado RENU Loan Program: offers low interest loans for energy improvements.
Learn about this financing mechanism.
Home energy rebates provided by the Inflation Reduction Act are expected to be available in Colorado in 2025. Sign up to be notified when rebates are available.
Utility Incentives
Xcel Energy offers residential rebates for smart thermostats, heat pump water heaters, insulation and air sealing, LED bulbs, and cellular shades.
Learn more about these rebates.
Xcel Energy also offers many different rebates for businesses including lighting, HVAC, water pumps, commercial refrigeration, compressed air, computer equipment, cooling, and energy management systems.
Learn more about these rebates.
United Power also offers residential and commercial rebates.
