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Rebates & Savings

Save More on Your Next HVAC System

Colorado homeowners and businesses can take advantage of generous state-level utility rebates and manufacturer incentives that dramatically reduce the upfront cost of upgrading to a high-efficiency HVAC system. If you're in Northern Colorado, there's a chance you qualify for more than one.

See What You Qualify For Schedule Service

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Manufacturer rebates

Carrier regularly offers seasonal rebates on select heating and cooling equipment, giving you additional savings on top of tax credits when you upgrade through an authorized dealer like MGI.

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Utility incentives

Local utilities and municipalities across Northern Colorado (including Xcel Energy, Fort Collins Utilities, and Loveland Water and Power) offer cash rebates and efficiency incentives to residential and commercial customers who install qualifying high-efficiency HVAC equipment.

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We Handle Paperwork

MGI walks you through every rebate and incentive program you qualify for and assists with the filing process so you don't miss out on a single dollar of savings.

Current Offers

Available Rebates and Incentives

Rebate programs update frequently and funding can run out. The best time to act is now, while programs are active and funding remains available.

Colorado Energy Office

Colorado State Heat Pump Tax Credit

Up to $1,000 cash back

Registered contractors may claim a state incentive and pass savings to customers as a point-of-sale discount. Savings can be up to $1,000 for qualifying systems, depending on income eligibility, program availability, and contractor participation.

Eligible equipment:
Air-source heat pumps and heat pump water heaters meeting program efficiency thresholds

Expires:
The credit is available through at least 2028, with a planned phase-down beginning in 2029

Ask about this rebate

Xcel Energy

Home Efficiency Rebates

Up to $2,250 per ton

The Xcel Energy 2025–2026 Residential Rebate Program offers significant rebates to customers using Xcel Energy natural gas or electric service. Cold-climate heat pumps can qualify for up to $2,250 per ton at 5°F, meaning total rebates may reach $6,750 or more for a typical system depending on performance and eligibility. Customers replacing a fuel-burning system are eligible for the full bonus rebate amount. A 25% Whole Home Efficiency bonus applies when three or more qualifying measures are installed within two years, and an additional $600 bonus is available when insulation and air sealing are completed before the heat pump installation.

Eligible equipment:
Cold-climate ducted and non-ducted heat pumps, standard air-source heat pumps, ground source heat pumps, and Energy Star certified heat pump water heaters

Expires:
Current program effective as of late 2025; funding is limited and available on a first-come, first-served basis until exhausted or discontinued

Ask about this rebate

Loveland Water and Power

Residential Energy Efficiency Rebates

Rebates on qualifying upgrades

Loveland Water and Power (LWP) offers rebates to customers who upgrade to high-efficiency HVAC equipment as part of its energy efficiency program. Loveland customers can stack LWP rebates with applicable federal tax credits for maximum total savings.

Eligible equipment:
Air-source heat pumps and high-efficiency central air conditioners meeting CEE or ENERGY STAR® efficiency tiers

Expires:
Ask us for current offers. LWP program amounts are subject to annual funding availability

Ask about this credit

Platte River Power Authority

Efficiency Works Rebate Program

Rebates on qualifying upgrades

The Efficiency Works Rebate Program serves Fort Collins, Loveland, Longmont, and Estes Park electric customers through the Platte River Power Authority's customer-facing rebate platform. Landlords may qualify as well.

Eligible equipment:
Heat pump HVAC systems, heat pump water heaters, and smart thermostats meeting current Efficiency Works efficiency thresholds

Expires:
Ask us for current offers. Incentives are revised annually.

Ask about this credit

Atmos Energy

Atmos Energy SmartChoice

Up to $4,500 in qualifying home improvements

Up to $2,000 in improvements may be available at little to no cost for qualifying homes.

Eligible equipment:
High-efficiency natural gas furnaces (95%+ AFUE), smart thermostats, and qualifying weatherization measures

Expires:
Applications must be submitted within 60 days of installation

Ask about this credit

United Power

United Power Rebate Program

Up to $2,500 in rebates

Ducted heat pumps over 2 tons qualify for up to $1,000, and cold-climate mini-splits became eligible beginning January 1, 2026. Total rebates of up to $2,500 may be available for qualifying installations when incentives are combined. State incentives may be available to qualifying United Power customers depending on income eligibility, contractor participation, and current program availability. Amounts and eligibility subject to current program rules.

Eligible equipment:
Ducted heat pumps (2+ tons) and cold-climate mini-splits meeting current United Power efficiency thresholds.

Expires:
Ask us for current offers. Incentives are subject to change.

Ask about this credit

How to Save

How to Claim Your Rebate

Claiming your rebates doesn't have to be complicated. MGI handles the heavy lifting from start to finish so you can focus on enjoying your new system while we make sure every savings opportunity is captured.

Call or schedule service

Reach out to MGI to schedule a free estimate or equipment consultation. During your appointment, we'll review your current system, identify which new equipment qualifies for available rebates and tax credits, and walk you through exactly how much you could save before you commit to anything.

We handle the paperwork

Once your new system is installed, MGI submits rebate documentation directly to manufacturers and utility programs on your behalf: no digging through forms or guessing at requirements.

Receive Your Savings

Utility and manufacturer rebates are typically processed within 4–12 weeks after submission depending on the program, with checks or account credits delivered directly to you. Your MGI installation documentation serves as your proof of qualification.

VIP Membership

Save Even More as a VIP Member

MGI VIP Comfort Club members receive exclusive discounts on top of any rebates and tax credits they already qualify for, meaning your total savings go even further when you're part of the program.

See VIP Membership Plans

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Common Questions

Rebate FAQ

Do I need to apply for rebates myself?

Not with MGI. We guide you through every available rebate and handle utility and manufacturer submissions on your behalf.

Which equipment qualifies for rebates?

Qualifying equipment varies by program, but generally includes high-efficiency heat pumps, central air conditioners rated 16 SEER2 or higher, furnaces with 95%+ AFUE ratings, and qualifying smart thermostats. Your MGI technician will confirm what qualifies before any work begins so there are no surprises.

Can I combine multiple rebates?

In many cases, yes. Rebates from Xcel Energy, Fort Collins Utilities, Loveland Water and Power, and manufacturer rebates can often be applied together depending on your circumstances. MGI will identify every program you’re eligible for and help you maximize your total savings across all available sources.

How long does the rebate process take?

Utility and manufacturer rebates are typically processed within 4–12 weeks after your installation and submission are complete, depending on the program. MGI ensures your paperwork is submitted promptly after installation so nothing delays your savings.

Are there city-specific incentives in Northern Colorado?

Yes. Several Northern Colorado municipalities run their own rebate and efficiency programs on top of state-level offerings. Because utility service areas don’t always follow city limits perfectly, the best way to know exactly what’s available at your address is to ask MGI. We’ll confirm your provider, check current program availability, and make sure you’re not leaving any local incentive on the table.

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Find Out What You Qualify For

Tell us a little about your home and current system and we'll let you know exactly which rebates and incentives you're eligible for; no commitment required.

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Contact Us Today

Have questions about available rebates or ready to get your upgrade on the calendar? Our team is here to help. Reach out today and we’ll make the most of every savings opportunity available to you.

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(970) 500-5540

Hours

24/7 Emergency Service
Mon-Fri: 8AM - 6PM

Service Area

Northern Colorado & Surrounding Areas

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