PACE offers rebates to help businesses convert to energy-efficient equipment and equipment powered by clean electricity. We also work with property owners interested in future-proofing their commercial buildings by weatherizing and installing heat pump technologies. When possible, PACE rebates and grants can layer on top of Xcel energy rebates. For more information on 2026 PACE rebates, visit pacepartners.com/rebates-grants/rebates/.
Heating and Cooling
Rebates for heat pumps, recovery ventilators, evaporative pre-coiling, electric boilers, and more.
- Standard Rebates: 50% of costs, up to $20,000
Hot Water
Rebates for commercial heat pump water heaters and electrical resistance water heaters.
- Standard Rebates: 50% of costs, limit $10,000
Building Electrification and Infrastructure
Rebates for engineering design and electric infrastructure upgrades.
- Standard Rebates: 50% of costs
Restaurant and Grocery Equipment
Rebates for ice machines, dishwashers, ovens, refrigerators and freezers, induction cooktops, and more.
- Standard Rebates: 50% of costs
Custom Rebates
All Boulder County businesses can participate in a custom rebate program for energy efficiency measures that are not part of the existing prescriptive rebate program. All rebates approved by the utility’s custom rebate program are eligible for a one for one rebate match, subject to PACE’s general rebate caps and conditions.
The custom efficiency rebates promote electric and natural gas reduction and require pre-approval prior to purchase/installation of equipment. Project submissions are reviewed and approved on a case-by-case basis.
Examples of potential custom rebate measures:
Advanced lighting controls, high efficiency heat pumps, heat recovery and reuse, chiller upgrades, building automation systems, compressed air equipment and system upgrades, refrigeration compressor and condenser upgrade, variable frequency drive installations on fans, pumps, or other variable loads.
Contact a business sustainability advisor at 303-786-7223 or info@PACEpartners.com to learn more.