Greeley, CO Heat Pump Leasing & Installation
In this guide
01
Benefits of Palmetto Heat Pumps
Say goodbye to clunky old systems and surprise repairs. Palmetto Comfort Plan gives you a brand-new heat pump, installation, and full support, all wrapped into one subscription.
Year Round Comfort
A high-efficiency heat pump keeps your home cool in summer, warm in winter, and your energy use in check all year long.
Forget the maintenance
With a Comfort Plan subscription, installation and maintenance are fully covered, no surprise bills, no weekend DIY.
Rewards for renewing
Stick with us and earn credits toward your next system upgrade. It’s our way of saying thanks for building a cleaner, comfier future with us.
02
Greeley, CO Heat Pump Load Calculator
Use this calculator to estimate your home’s heating and cooling needs based on Greeley’s ACCA-standard design conditions: 91°F for cooling and -5°F for heating, with a 72°F indoor setpoint. For a precise Manual J load calculation and personalized quote, connect with Palmetto’s team. Get in touch with our team for an official quote.
Step 1 of 3
Home location & size
Your home’s location and size directly impact heating needs.
Step 2 of 3
Home attributes
Step 3 of 3
Additional details
Description of what this means for context.
Estimated Heating Needs
Your home’s location falls within the a climate zone with the average extreme winter falling between 10° – 15° F.
Home Details
Recommended equipment capacity
60,000 BTU
5 Tons
Calculated Cooling Mode
102,000 BTU
8.5 Tons
03
Buy it or finance it. Your comfort, your call
There's no wrong way to get cozy. Here's how the options stack up, so you can choose what works best for you.
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Cash |
Loan |
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| Payment schedule | $0 upfront, then monthly subscription | Full price upfront | $0 upfront, then monthly payment |
| Term length | 10 or 12 years | None | Variable |
| End of term options | Flexible with 25% renewal term credits to new system | No credits to new system | No credits to new system |
| Maintenance included | |||
| Eligible for incentives |
Cash
Loan
Local Incentives
Greeley, CO Heat Pump Rebates & Incentives
Local and federal incentive programs can significantly reduce the cost of a new heat pump system. Here are the programs available to Greeley homeowners.
Colorado HEAR Program
Up to $8,000The Home Electrification and Appliance Rebates (HEAR) program provides discounts on high-efficiency electric appliances and other upgrades, including heat pumps, heat pump water heaters, electric panels, and electric wiring. HEAR rebates are now available to single-family households through registered contractors.
Colorado Heat Pump Tax Credit
Up to $1,000Beginning January 1, 2024, residents of Colorado are eligible for tax credits to install heat pumps for both space and water heating. In 2026 and after, the credit has been reduced to $1,000 for heat pumps. The total tax credit for the State of Colorado Heat Pump Contractor is $1,000 for 2026 and 66.6% can be retained by the contractor. The remainder should be offered to the customers as a discount upfront.
Federal IRA Tax Credit
Up to $2,000The Inflation Reduction Act provides a federal tax credit of up to $2,000 for qualifying heat pump installations through 2032.
Greeley homeowners have access to multiple heat pump incentive programs in 2026. The Colorado HEAR program offers up to $8,000 in rebates for income-qualified households (up to 150% of area median income), while the Colorado Heat Pump Tax Credit provides up to $1,000 in upfront discounts through registered contractors. Combined with the federal IRA tax credit of up to $2,000, homeowners can potentially access substantial savings. Palmetto can help you navigate these programs, verify your eligibility, connect with registered contractors, and maximize your total rebate and incentive benefits.
Incentive information is based on publicly available data as of 2026 and may change. Contact program administrators to verify current availability and eligibility requirements.
04
Climate Zones
Greeley sits in IECC Climate Zone 6, which means cold winters (design temps down to -5°F) and warm summers (up to 91°F). This wide temperature swing makes proper heat pump sizing critical—you need a system that can handle both extremes efficiently. At Palmetto, we understand Greeley's climate and can help you choose a heat pump that keeps you comfortable year-round. Explore other climate zones below or enter your ZIP code to confirm yours.
Climate Zone 1
Climate zone 1 is not typically seen within the United States outside of Alaska. It represents the coldest climates on the planet.
Climate Zone 1A
Avg. extreme winters: -60° to -55° F
Climate Zone 1B
Avg. extreme winters: -55° to -50° F
Greeley Electricity Prices
Understanding electricity costs in Greeley helps you make smarter decisions about heating and cooling your home for years to come.
Colorado electricity rates have climbed from 13.1 cents per kWh in 2021 to 15.1 cents in 2024—a 15% increase in just three years, with costs expected to continue rising.
Heat pumps offer a practical response to rising rates. Because they're 2-3x more efficient than traditional HVAC systems, they use significantly less electricity to deliver the same heating and cooling comfort.
As electricity costs climb, that efficiency gap becomes increasingly valuable. A heat pump's lower energy consumption means your monthly bills stay more manageable, even as rates continue their upward trend.
Price of Energy: Colorado vs National Average
Greeley Area Utility Providers
Greeley residents benefit from competitive electricity rates. Based on 2023 data, CORE Electric charges 14.5¢ per kWh and Xcel Energy charges 14.3¢ per kWh—both below the national average of 16.0¢ per kWh.
Colorado's electricity rates remain affordable thanks to the state's diverse energy mix, including natural gas, wind, and solar. Both CORE Electric and Xcel Energy align closely with the state average of 14.30¢ per kWh, reflecting stable pricing in the region.
Lower electricity costs make heat pumps even more economical in Greeley. Since heat pumps use electricity three times more efficiently than traditional heating systems, your competitive local rates translate directly into lower monthly energy bills year-round.
Greeley Utilities Electricity Rates
Let our smart tools do the heavy lifting.
Get personalized tips, usage insights, project tracking, and that daily satisfaction of making your energy work smarter with the Palmetto mobile app.
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Repair versus replace
When a heat pump is in need of repair it is worth considering whether a replacement would be a better investment. While each case is unique, we generally recommend investing in a new unit when repairs exceed $5,000.
A heat pump's lifetime is impacted by a number of factors including environment, use and the quality of the unit. It's important to choose the right unit for your climate zone and home's unique attributes.
When you are in need of repair, we recommend choosing a service provider that is an expert in the heat pump brand you have installed, and checking online reviews to ensure you are investing in the right level of service.
| Potential repair | Cost range | Description |
|---|---|---|
| Capacitor Replacement | $150 - $400 | Common issue when unit struggles to start or makes a humming noise. Capacitors store the electrical energy needed to start the compressor and fan motors. |
| Refrigerant Recharge | $250 - $750 | Needed when the system loses cooling or heating efficiency due to low refrigerant levels. Includes leak detection, repair of minor leaks, and recharging the system to the manufacturer-specified level. |
| Reversing Valve Replacement | $450 - $900 | Required when the unit cannot switch between heating and cooling modes. The reversing valve directs refrigerant flow and is unique to heat pump systems. |
| Compressor Replacement | $1,500 - $3,000 | Major repair needed when the unit fails to heat or cool entirely. The compressor is the heart of the system, circulating refrigerant between the indoor and outdoor coils. |
| Evaporator/Condenser Coil Replacement | $1,200 - $2,800 | Replacement needed when coils develop leaks or corrosion that cannot be economically repaired. Coil damage reduces heat transfer efficiency and can cause refrigerant loss. |
| Control Board Replacement | $500 - $1,200 | Required when the system has electrical failures or erratic behavior. The control board manages all system operations including defrost cycles, fan speeds, and compressor staging. |
| Full System Replacement | $4,500 - $8,000+ | When repairs exceed the value of the unit or multiple major components fail simultaneously. Includes removal of the old system and installation of a new heat pump with updated refrigerant lines and electrical connections. |
Frequently Asked Questions
Yes, heat pumps make sense in Greeley. Modern cold-climate heat pumps work efficiently even at Greeley's design heating temperature of -5°F, providing both heating and cooling for the area's 91°F summer days. With Colorado's electricity rate at 15.1¢ per kWh, heat pumps typically cost less to operate than traditional heating systems while keeping your home comfortable year-round.
Palmetto makes heat pump installation accessible through two options: a Comfort Plan with $0 upfront and all maintenance included, or direct purchase with potential federal tax credits up to $2,000. Both approaches help Greeley homeowners transition to efficient heating and cooling without the complexity. Climate Zone 6 conditions are well-suited for today's heat pump technology.
Heat pumps perform well in Greeley's Climate Zone 6, effectively heating homes even when temperatures drop to the design heating temperature of -5°F. Modern cold-climate heat pumps maintain efficiency ratings of 200-300% (meaning they produce 2-3 units of heat for every unit of electricity consumed), making them significantly more efficient than traditional electric resistance heating, even during Greeley's coldest winter days.
With Colorado's electricity rate at 15.1¢ per kWh, heat pumps can substantially reduce heating costs compared to older systems. Greeley homeowners can access this efficiency through Palmetto's Comfort Plan with $0 upfront cost and included maintenance, or through direct purchase, which may qualify for up to $2,000 in federal tax credits under the Inflation Reduction Act.
The choice between leasing and buying a heat pump in Greeley depends on your financial situation and preferences. Palmetto's Comfort Plan offers $0 upfront with predictable monthly payments and all maintenance included, while direct purchase requires upfront payment but may qualify you for up to $2,000 in federal tax credits under the Inflation Reduction Act plus local rebates.
In Greeley's Climate Zone 6, where winter temperatures drop to -5°F, heat pumps work year-round and can significantly reduce heating costs at Colorado's 15.1¢ per kWh electricity rate. Leasing eliminates maintenance worries and upfront costs, while buying gives you immediate ownership and access to incentives that can offset the purchase price substantially.
Heat pump costs in Greeley typically range from $5,000 to $20,000 for a complete installation, depending on your home's size, existing ductwork, and the system's capacity needed for Climate Zone 6 conditions. Greeley's cold winters (design temp: -5°F) may require a more robust system, which influences the final price.
Palmetto offers two approaches to fit your budget: a Comfort Plan with $0 upfront cost and predictable monthly payments that include all maintenance and repairs, or direct purchase where you own the equipment outright and may qualify for up to $2,000 in federal tax credits under the Inflation Reduction Act plus local Colorado rebates.
Yes, heat pumps are typically worth it financially in Greeley. Modern heat pumps can reduce heating and cooling costs by 30-50% compared to traditional systems, and with Colorado's electricity rate at 15.1¢ per kWh, the savings add up quickly. Direct purchases may qualify for up to $2,000 in federal tax credits under the Inflation Reduction Act, plus local rebates.
Palmetto makes heat pumps financially accessible through two options: purchase outright to own the equipment and capture incentives, or choose our Comfort Plan with $0 upfront cost and a predictable monthly payment that includes all maintenance and repairs. Even in Climate Zone 6 with winter temperatures reaching -5°F, today's heat pumps deliver efficient heating while lowering your energy bills year-round.
Heat pumps in Greeley are installed by licensed HVAC contractors who specialize in heating and cooling systems suitable for Climate Zone 6 conditions. Companies like Palmetto work with certified local installers who understand Greeley's unique climate demands, including design temperatures ranging from -5°F in winter to 91°F in summer, ensuring your system performs efficiently year-round.
Palmetto offers two installation options for Greeley homeowners: a Comfort Plan with $0 upfront cost and included maintenance, or direct purchase where you own the equipment and may qualify for up to $2,000 in federal tax credits. Both options include professional installation by experienced technicians who ensure your heat pump is properly sized and configured for Colorado's 15.1¢ per kWh electricity rates and climate conditions.
HVAC stands for Heating, Ventilation, and Air Conditioning—it's an umbrella term for all systems that heat and cool your home. A heat pump is actually a type of HVAC system that both heats and cools by transferring heat rather than generating it through combustion, making it highly efficient even in Greeley's Climate Zone 6 conditions.
Traditional HVAC systems typically use separate equipment like a furnace for heating and an air conditioner for cooling. Heat pumps handle both functions in one unit, which can lower your energy costs at Colorado's current electricity rate of 15.1¢ per kWh. Palmetto offers heat pumps through a Comfort Plan with zero upfront cost and included maintenance, or through direct purchase with potential federal tax credits up to $2,000.