Incentives
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INCENTIVES are available to all residents of Ouray County. These incentives can help to lower your tax liability and/or lower the overall cost for home and transportation upgrades. They are available from various jurisdictions including the San Miguel Power Association, the state of Colorado, and the federal government, primarily through the Inflation Reduction Act.
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When viewing incentives, you will often see rebates and tax credits. A rebate is an upfront discount or refund you get when you make a purchase, often reducing the cost right away. A tax credit, on the other hand, reduces the amount of taxes you owe when you file your tax return, meaning you get the savings later. For example, if you buy an energy-efficient appliance, a rebate might give you cash back immediately, while a tax credit would lower your tax bill at the end of the year.
Projects Eligible for Incentives
Example project incentives are included for each category below. However, the incentives listed are not exhaustive. These incentives are made available by our local utility cooperative, the San Miguel Electric Association (SMPA) and the State of Colorado's HEAR and HER programs. The HEAR program requires specific contractors and ENERGY STAR rated appliances. The HER program is not listed below, but offers whole-home energy efficiency improvement rebates for homeowners living in a manufactured home. For example, using HER, a homeowner below 80% AMI could do a full home project (like the categories listed below) and the state would cover 100% of the cost, up to $14,000.
Battery storage
- SMPA offers $30/kilowatt rebate for Controlled Off-Peak Electric Thermal Storage
- SMPA offers $750 rebate for RE/PV battery systems of at 6kWh
- SMPA offers a $180 rebate for ENERGY STAR-certified Hybrid Heat Pump Dryer
- Colorado's HEAR program offers a $840 rebate for a electric stove, cooktop, range, or oven to homeowners below 80% AMI; they offer half that amount to homeowners between 80% and 150% AMI
- SMPA offers up to a $400 rebate for an induction cooktop/range
- SMPA offers a $750 rebate for a new or used All Electric Plug-In Vehicle (EV)
- SMPA offers a 50% cost match of EV charging equipment up to $250 maximum, and 50% up to $250 maximum for electric service installation (≤$500 Total)
- Colorado's HEAR program offers a $4,000 rebate for an electric panel upgrade to homeowners below 80% AMI; they offer half that amount to homeowners between 80% and 150% AMI
- Colorado's HEAR program offers a $2,500 rebate for electric wiring upgrades to homeowners below 80% AMI; they offer half that amount to homeowners between 80% and 150% AMI
- Colorado's HEAR program offers an $8,000 rebate for a cold climate heat pump to homeowners below 80% AMI; they offer half that amount to homeowners between 80% and 150% AMI
- Colorado's HEAR program offers a $3,000 rebate for an air-source heat pump to homeowners below 80% AMI; they offer half that amount to homeowners between 80% and 150% AMI
- SMPA offers $500 per ton for a heat pump, up to 50% of the cost and no more than $20,000 per project
- Colorado's HEAR program offers a $1,600 rebate for insulation, air sealing, and ventilation to homeowners below 80% AMI; they offer half that amount to homeowners between 80% and 150% AMI
- SMPA offers a 50% rebate for an electric snowblower, up to $200
- SMPA offers $0.10 per watt, up to 3kW
- Colorado's HEAR program offers a $1,750 rebate for a heat pump water heater to homeowners below 80% AMI; they offer half that amount to homeowners between 80% and 150% AMI
- SMPA offers a $700 rebate for an ENERGY STAR-certified Air Source Heat Pump Water
Rewiring America's Incentive Calculator
Below is a calculator from Rewiring America that can help identify which incentives may be available to you based on a few demographics. Enter your zip code, utility cooperative, estimated annual income, tax filing status, and the number of people in your household and hit the "View results" button to see what you could be eligible for!
