By Margaret Jackson / NewsBreak Denver
(Denver, Colo.) Denver residents who transition to cleaner heating and cooling methods will receive rebates under a new program the city’s Office of Climate Action, Sustainability and Resiliency launched on Earth Day.
The program will cover up to 100% of the cost for residents to take advantage of energy-efficient home upgrades and e-bikes.
“If we can make electric equipment easy and cost-effective, and in some instances free, we are removing barriers for homeowners ready to make that switch,” said Grace Rink, Denver’s chief climate officer. “This program will reduce energy costs, improve our health and air quality and get us that much closer to our city’s ambitious climate goals.”
Take a ride
Electric bikes save users thousands of dollars on fuel and maintenance by replacing car trips. Under the rebate program, Denver residents can get a $400 instant rebate when purchasing a qualifying electric bike from a participating bike shop, and income-qualified residents may qualify for a $1,200 instant rebate. E-cargo bikes are eligible for an additional $500 instant rebate.
Homeowners can stack Denver’s rebates on top of Xcel Energy’s electrification rebates, reducing the financial barrier to installing home upgrades powered by renewable energy sources.
Eligible equipment includes air source heat pumps, ground-source heat pumps, mini-split heat pumps, heat pump water heaters, bidirectional electric vehicle charging and battery storage.
If homeowners install a heat pump, heat pump water heater or bidirectional electric vehicle charger, they are eligible for additional rebates, including for solar panels and electric service upgrades.
Funding for the program comes from the Climate Protection Fund, a taxpayer-supported fund that raises $40 million per year to eliminate greenhouse gas emissions and air pollution.