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Holy Cross Energy rebates open
Administered by Holy Cross Energy, an electric cooperative.
Holy Cross Energy pays its residential members $3,500 for a heat pump project, $1,000 for a heat pump water heater and $1,500 each for air sealing and insulation in electrically heated homes in 2026, and doubles each item for households under 150% of area median income. Members must join its Peak Time Payback program.
source · verified 3 October 2026 · amounts in US dollars
What it pays
| Upgrade | Condition | Up to |
|---|---|---|
| Heat pump project | Cold-climate air-source, ground-source, air-to-water or split hydronic | $3,500 |
| Heat pump project, income-qualified | Under 150% of area median income | $7,000 |
| Heat pump water heater | Electric only; $2,000 income-qualified | $1,000 |
| Air sealing | Electrically heated buildings; 10% leakage reduction; $3,000 income-qualified | $1,500 |
| Insulation | Electrically heated buildings; $3,000 income-qualified | $1,500 |
| Heat pump clothes dryer | $1,000 income-qualified | $500 |
| Induction cooktop or range | $1,000 income-qualified | $500 |
| Smart panel or energy management system | $2,000 income-qualified | $1,000 |
| Smart or programmable thermostat | Printed as '$500 IQ' | $50 |
Residential caps: $5,000 a year per account and $10,000 per member per year. A rebate cannot exceed 100% of the project cost.
Who is eligible
- who
- Active residential members in good standing, for equipment installed in Holy Cross's service territory.
- Peak Time Payback
- Residential members must enroll in this free demand response program, or Power+ with a battery.
- heat pumps
- Ducted HSPF2 9 or more, ductless 10 or more, Manual J completed, outdoor unit raised 12 inches; dual-fuel systems need a crossover of at least 5°F and the furnace cost on the invoice.
- income-qualified
- Under 150% of area median income, verified by an Energy Smart Colorado partner or the state's HEAR program.
- deadline
- Invoices dated within 90 days of applying; checks in four to six weeks.
Where the application goes
Apply online with detailed invoices; income-qualified members verify income first.
| If this is you | Apply here |
|---|---|
| Rebate rules | holycross.com |
| [email protected] |
The thing most pages get wrong
Holy Cross says income-qualified members get 'double the per item rebate', and every line follows that except one: smart or programmable thermostats are printed as '$50/thermostat (or $500 IQ)'. Confirm the thermostat amount before counting on it.
Electric heat only for insulation
Holy Cross's air sealing and insulation rebates are for 'Electrically heated buildings only'. Homes heated with gas or propane can use its heat pump rebate, which accepts dual-fuel systems.
Water heaters must be all-electric
The heat pump water heater rebate excludes propane and gas: 'Must be electric only.'
Sources
- https://www.holycross.com/rebate-rules — primary source, read 3 October 2026