A typical ducted air-source heat pump, whole home (~3 ton, ~2,000 sq ft) costs $20,000 installed. Most jobs land between $14,000 and $28,000 (variable-speed ducted heat pump outdoor unit and air handler sized ~3 tons, line set, refrigerant, thermostat, condensate, electrical circuit, removal of old equipment, permit, commissioning, using existing usable ductwork. excludes new/replacement ductwork (+~$4,500 average, nescaum) and panel/service upgrade (see panel_upgrade_200a). typical = northeast program invoice data of ~$6,600-$6,900/ton x 3 tons.).
We haven't found a rebate for this project here right now.
State income tax credit for qualifying air-source and ground-source heat pumps and heat pump water heaters, claimed by the installing contractor, which passes savings to the customer.
OpenColorado Energy Office / Colorado Department of RevenueNot yet confirmed
Heat pump water heater $1,750; Cold climate heat pump for space heating and cooling $8,000; Heat pump for space heating and cooling $3,000; Total maximum rebate $14,000
Not taking applicationsColorado Energy OfficeChecked 2026-10-12
Up to$14,000
Heat pump installers
No licensed installer is based here yet. Ask for quotes and we'll match you with installers from nearby towns.