| Rebate applications will be closed January 5 - 11 for updates. Deadline to submit 2025 rebate applications is February 16, 2026. |
Heat pumps provide a cost-effective, highly efficient, and low-maintenance way to both heat and cool your home.
Eligibility and Application Details
Click each of the items below for more details
- Submit applications within 90 days of completed installation or certificate of occupancy (new construction).
- Installations must take place in LPEA’s service territory.
- DIY installations qualify for rebates, but members are encouraged to seek professional installation. A quality contractor list is available here.
- For Weatherization Bonus rebate, weatherization measures must be installed at the time of heat pump installation, or within the 6 months before or after the heat pump installation. You must include an invoice for weatherization work performed with heat pump rebate application. (Select weatherization option at the end of the form.)
- All rebates not to exceed 50% of material costs. Electrical costs such as conduit, wiring, breakers, and electrical labor are not covered.
- Rebate amounts only available while funding lasts.
2026 Income Qualification Limits
We know the cost of living is pretty high around here, so we're offering added savings for our income-qualified members who earn 150% of the area median income (AMI).
Based on 150% of Area Median Income (AMI)
- Complete the form below.
Jump to Application - You will need to upload:
- Proof of purchase/Invoice - *Materials and labor must be shown separately on the invoice.
- IRS W-9 form completed by the member/rebate recipient. A W-9 is kept on file by LPEA as proof of the allocation of funds. Any tax liability is the responsibility of the rebate recipient. View W-9 Guide here.
- Name on W-9 must match name on rebate check. - Invoice for weatherization work if applying for Weatherization Bonus.
- Photos of outdoor and indoor unit name plates showing model number. Example.
Custom Commercial Space Heating and Water Heating Rebates
LPEA offers custom rebates for commercial space heating and water heating. If you are considering a project that does not fit into our existing heat pump or heat pump water heater programs, we will evaluate the project on a case-by-case basis. Projects could include VRF heat pumps, central water heat pumps, or combi systems, but are not limited to these options alone.
Reach out to us at rebates@lpea.coop with a brief description of the project.
Rebate amounts will be determined based on the specifics of the project, energy savings, and available rebate funds.
Air-Source Heat Pump Rebates
3rd Party Rebate Assignment Form
Having trouble submitting your rebate? Email us at rebates@lpea.coop.
LPEA Heat Pump Highlight
Heat pumps provide a cost-effective, highly efficient, and low-maintenance way to both heat and cool your home. New technology also makes them an effective, efficient solution for the cold weather conditions and high elevations found in southwest Colorado. If you switch from propane or traditional electric heat to a heat pump system, you could save more than $1,000 a year on your utility bills.
Homeowner Resources:
Learn More About Heat Pumps and Find An Installer Here
Should you get a heat pump? Take the quiz!
Installer Resources:
Find training, installation guide, case studies and more