Heat Pump System Rebates 
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, and you could save more than $1,000 a year on your utility bills.  
In 2022, LPEA is proud to offer increased heat pump system rebates to members, while funding lasts. Rebates vary based on the type of system as follows: 

Air-Source Heat Pump Rebates 

   

0.5 Tons  

1 ton  

1.5 tons  

2 tons  

2+ tons  

Air Source Heat Pump 

HSPF > 9.0  

SEER > 15  

$1,000 

$1,000 

$1,000 

$2,500 

$2,500 

Cold Climate Air Source Heat Pump* 

HSPF >10.0  

SEER > 16 

$1,500 

$1,500 

$1,500 

$3,500 

$3,500 

*Cold Climate Certified. Variable speed compressor or minimum of 3 stages of settings for fan speed. 

Other Heat Pump Rebates 

Rebate Type

Eligibility Requirements;

Rebate Amount *Not to exceed 50% of material cost.

Quality Installer 

Must take installer course 

$250 per install 

ETS backup 

  

$100/unit 

New Ground Source  

Minimum ¾ ton 

$550/ton 

Replacement Ground Source 

Minimum ¾ ton 

$250/ton 

Air-to-Water 

Minimum EER 19 
Minimum COP 4 

$450/ton 

Application instructions/requirements

  1. Complete the form below and submit it to rebates@lpea.coop along with:

    1. Proof of purchase and info/spec sheets for units installed.

    2. IRS W-9 form. A W-9 is kept on file by LPEA as proof of allocation of funds. Any tax liability is the responsibility of the rebate recipient.

  2. Submit applications within 90 days of installation.

  3. Installations must take place in LPEA’s service territory.

  4. All rebates not to exceed 50% of equipment costs

  5. Rebate amounts only available while funding lasts

Heat Pump Rebate Form

Applications typically take 8-10 weeks to process and are remitted as a check. 

Having trouble submitting your rebate? E-mail us at rebates@lpea.coop or call Dennis McCarthy at (970) 382-3506