Skip to content
- Estimated cost to install a 4-ton Tier 2 air source heat pump in 2,000 square foot home in Colorado: $20,000
- Inflation Reduction Act instant rebate if less than 80% AMI: $8,000 (balance = $12,000)
- Inflation Reduction Act tax credit: $2,000 (balance = $10,000)
- State of Colorado income tax credit: $1,500 (balance = $8,500)
- GCEA rebate: $5,400 (balance = $3,100)
- Final cost: $3,100
- GCEA may have an on-bill financing program with a low interest rate as an option in 2024 to fund the remaining cost. We are not sure how we’ll offer the rebate in this scenario yet, and rebates will be smaller next year.
