What is the Denver climate action rebate?
The Denver Climate Action Rebate program is funded by the city's Climate Protection Fund, which raises $40 million per year through a taxpayer-supported initiative.
Rebate amounts can be as high as $2,750 for the installation of a new battery storage system, particularly if the homeowner already has a heat pump installed.
Income-qualified residents can receive up to $700 off the purchase of an e-bike or up to $900 for an e-cargo bike through the program's e-bike rebates.
Building electrification rebates cover a wide range of upgrades, including heat pumps, electric water heaters, induction stoves, and electrical panel upgrades to support these all-electric appliances.
Participants in the rebate program are only eligible for one rebate per installed equipment, preventing them from "double-dipping" across the city's various incentive offerings.
The rebate program is designed to work in tandem with Xcel Energy's own energy efficiency incentives, as well as any federal tax credits available through the Inflation Reduction Act.
Denver residents can stack the city's Climate Action Rebate with the Xcel Energy rebates, potentially cutting the cost of a new heat pump system by over 50%.
The program prioritizes the electrification of homes and businesses, with higher rebates offered for transitioning from fossil fuel-powered systems to all-electric alternatives.
Rebate applications must be submitted within 90 days of project completion, ensuring the program's incentives are distributed in a timely manner.
The Climate Action Rebate program is part of Denver's broader goal of achieving carbon neutrality by 2050, with the rebates playing a key role in accelerating the transition to clean energy.
In 2023, the program saw a surge in applications, with over 8,000 Denver households taking advantage of the rebates to upgrade their homes.
The city actively promotes the rebates through community outreach events, online resources, and partnerships with local contractors to ensure widespread awareness and participation.
The program's eligibility requirements are designed to be inclusive, with no income restrictions for most rebates and a focus on making clean energy technologies accessible to all Denver residents.
The rebates have had a significant impact on the local economy, supporting jobs in the renewable energy and home improvement sectors while reducing household energy costs.
Denver's Climate Action Rebate program has become a model for other cities looking to incentivize sustainable practices and drive the transition to a low-carbon future.