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Independent site. Not affiliated with Xcel Energy or the Collective Clean Energy Fund.Independent site, not affiliated with Xcel Energy or CCEF.

A new heat pump with $0 down, paid on your Xcel bill

  • $0 downNo big check before the install. CCEF
  • 4.50–5.49% fixed APRFor terms of 3 to 10 years. CCEF
  • No traditional credit checkCCEF bases approval mainly on your Xcel payment history. CCEF
  • One payment on your Xcel billA line on the bill you already pay. CCEF
Send photos for an estimateSee your monthly payment
A Mitsubishi heat pump on a stand behind a tan brick house, with line set covers running to a branch box

About $202 a monthTypical heat pump and gas furnace, 10 years, if approved.

Compare the rate

Sources: CCEF, Elevations and Westerra RENU rate sheets, Wells Fargo Home Projects card terms.

  1. ClearPath On-Bill4.50–5.49%

    Fixed for the whole term.

  2. RENU credit union loanfrom 6.99%

    Needs a credit score of 580 or more.

  3. Store-card promo plan28.99%

    Charged from the purchase date if the promo balance isn’t paid off in time.

A Mitsubishi heat pump on a pad under a patio roof, with a branch box on the stone wall

More in your favor

  • Rebates come off firstYou finance only what’s left after rebates. CCEF
  • No lien on your homeA Land Records Notice is filed instead. CCEF
  • It stays with the meterIf you sell, the buyer takes over the payments. CCEF
  • No prepayment penaltyPay it off early whenever you like. CCEF

One system for heat and AC

A heat pump heats in winter, cools in summer, runs quietly and keeps the heat even.

Two Bosch heat pumps on risers beside a stone wall, with snow on the ground
A Mitsubishi wall-mounted head in the corner of a red brick room
An ecobee thermostat set to 75 degrees on a textured wall

Your monthly payment

Project
Your Xcel service
$26,200

Typical price: $21,000–$28,000

$202 a month10 years · 5.49% APR · if approved

Xcel heat pump rebate$1,500 per heating ton
−$5,250
Xcel furnace rebateThrough 2026
−$225
State discount (2026)
−$1,000
Power Ahead Colorado
−$1,500
After rebates
$18,225
2% origination fee
+$365
Amount financed
$18,590

$202 a month

10 years · 5.49% APR · if approved

Estimated rebates for a 3.5-ton heat pump and a 95% gas furnace.

TermMonthly · if approvedTotal of payments
Send photos for an estimate

County filing fees are extra.

Before you sign

A 2% fee
It’s added to the amount you finance.
Cash costs less
This example costs $5,973 more than cash over 10 years, fee included.
Selling the home
You have to tell the buyer about the balance.
Missed payments
They go through Xcel’s normal collections, which CCEF says can include disconnection.

Who qualifies

  • You own the home and live in it.
  • Your name is on the deed and the Xcel electric account.
  • At least 6 months of Xcel bills.
  • No shutoff notices in 12 months and no late fees in 6.

Send photos for an estimate

We’ll send back your price after rebates and the monthly payment for each term, if approved. We’re an authorized ClearPath contractor.

Equipment labels and a photo of the closed electrical panel help, too. Leave covers in place.

1. Photos or quote2. Your details

Start with a photo.

You can add more than one.

Up to 6 photos or PDFs. 10 MB each, 30 MB total.

Your photos are sent securely.

Prefer an in-person estimate?Schedule an estimate ↗
  1. You send us your photos.
  2. We send your estimate.
  3. We confirm it in person.
  4. You approve it with ClearPath, and CCEF’s application starts.

Prices are typical ranges from recent estimates in the Denver area, before rebates.