Federal Funding Changes

Federal Funding Changes for Energy Efficiency and Electric Vehicles

Over the last few months there have been changes to the Inflation Reduction Act and subsequent funding. Certain electric vehicle and clean energy tax credits have had changes recently. See the chart below for al changes.  

While federal tax credits have changed, Xcel rebates are unchanged and are still available to add with the federal tax incentives. You can find Xcel Energy rebates here: xcelenergy.com/rebates. 

Save Big on Home Energy Upgrades — Act Before 2025! 

Thinking about going solar or making your home more energy-efficient? Now’s the perfect time!  Homeowners can qualify for thousands in federal tax credits when upgrading to cleaner, more efficient technologies — but these incentives expire December 31, 2025. 

Eligible upgrades include:

• Heat pumps: Up to $2,000 for high-efficiency heating and cooling 
• Heat pump water heaters: Up to $2,000 
• Insulation, air sealing & weatherization: Up to $1,200 
• Electrical panel upgrades: Up to $600 (great for EV chargers and electric appliances) 
• Home energy audits: Up to $150 to pinpoint your biggest savings opportunities 

Plus, Colorado and local utility companies offer additional rebates — especially for low-income households. You can often combine these programs to lower upgrade costs even further! 

Estimate your savings in minutes:  Use the Colorado Energy Savings Navigator (CESN) to explore federal and state incentives personalized for your home.