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Xcel Energy (Electric) - Business Energy Efficiency Rebate Programs

Local Government
State Government
Savings Category 
Heat Pumps
Maximum Rebate 

Custom Redesign: 75% and $25,000
Self-Direct Custom Efficiency: 50%
Data Center Improvements: 70% and $25,000
Lighting Efficiency Study: 75% and $25,000
Cooling Efficiency: 50%
Compressor System Diagnosis: 75%
Recommissioning Study: 75% and $25,000
Evaporative Coolers: $1000
Ground Source Heat Pump: $1500
Insulation: $300

Program Info
Program Type 
Utility Rebate Program
Rebate Amount 

Custom Efficiency: $400/kW saved
Efficiency Study: 75% of cost, up to $25,000

Self-Direct Custom Efficiency: $525/kW or $0.10/kWh conserved
Insulation, Caulking, Weatherstripping: 20%
Self Direct Custom Efficiency: No specified, see web site
Standard Offer Program: 50% of the cost of a technical audit + $250/kW and $0.05/kWh conserved
Recommissioning: $400/kW or $0.08/kWh, whichever is higher
A/C: $65/ton + $5/ton for greater efficiency
Water-Source Heat Pumps: $65/ton + $5/ton for greater efficiency
Improvements to Furnaces and Boilers: $250 - $10,000
Electric Heat Pump Water Heater: $450
Furnaces: $80 - $120/unit
Chillers (Rotary Screw/Rotary Screw/Air Cooled/Water Cooled): $8/ton + $1.50-$2.00/ton FLV + $.75/ton IPLV for greater efficiency
VFD for Chiller: $1.50/ton per IPLV for each $0.01/kW ton below max
Plate and Frame Heat Exchangers: Up to $400/ton
Energy Management System: $600/kW, $4/Dth
Lighting: Varies widely by type
New Construction Lighting: Slightly reduced from retrofit incentives
New Motors: $25 - $2,500, based on HP
Replacing Working Motor: $200 - $13,000, based on HP
EC Motors for Refrigeration: $40 - $70
Motor Controllers: $15/HP
Drives for fans and pumps: $400 - $8,000
VSD Compressor: $1,000 -$4,000 (New/Restored); $4,000 - $7,000 (Early Replacement)
50-99 HP Compressor System Diagnosis: $2500
100+ HP Compressor System Diagnosis: 75% of cost up to $15,000
No-loss Air Drains: $200/unit
Integrated VFD Compressor: $4,000 (10 - 24HP); $4,500 (25 - 49HP)
Custom Compressor Rebate: $600/Kwh saved

Xcel Energy

Xcel Energy offers rebate programs for Colorado commercial and industrial customers for a wide range of energy efficiency technologies including heating and cooling, motors, lighting, and refrigeration. In many cases, Xcel energy will cover at least part of the cost of the assessment, in addition to the equipment and installation rebates. If the customer would like to make energy efficiency improvements that are not included in specific rebate programs, they may be eligible for the custom rebate program. Information on incentive amounts and efficiency specifications can be found at the program web site; for more information on the rebate programs, customers should contact business’ account manager.

Energy efficiency measures that exceed standard options but aren’t covered under prescriptive rebate programs fall under the Custom Energy Efficiency Program. Pre-approval is required to be reimbursed for custom measures and energy management automated building controls through rebates up to $400 per kW saved. Xcel also offers data center and engineering assistance efficiency studies and rebates of 75% up to $25,000 that help build a business case for running data centers with the greatest efficiency. For most facilities, on-site energy assessments cost $200 for buildings less than 25,000 sq. ft. and $300 for buildings 25,000 sq. ft. and above.

The Small Business Lighting program offers a free lighting audit and lighting retrofit rebate through Xcel's consultant, Franklin Energy. The program provides special services for small and mid-sized business that have peak demand of 400 kW or less. Customers can call 1-877-287-2250 to verify eligibility and receive assistance with rebate paperwork.

Other Information 

See program website.