Financing

On-Bill Repayment Program - Salida and Buena Vista, CO

The On-Bill Repayment Program (OBR)

If you are a homeowner in Salida or Buena Vista, Colorado, the On-Bill Repayment Program presents a golden opportunity to upgrade to a new heat pump system with virtually no upfront costs. This innovative program not only allows homeowners to experience immediate home comfort improvements but also contributes significantly to energy conservation efforts.  The term “repayment” included in OBR denotes the fact that a third party, in this case CCEF (Colorado Clean Energy Fund), provides the upfront funding for the installation.

No Upfront Costs!

OBR Requirements:

  • You Must be a Gunnison County Electric Association, Sangre de Cristo Electric Association, San Luis Valley Electric & soon, or Mountain View Electric Customer
  • You Must Use a Participating Contractor like ABE Heating and Cooling
  • Qualifying Heat Pump Equipment Only
  • Residential and Commercial Customers are Eligible

How to Take Advantage of the OBR Program

As a trusted contractor for the On-Bill Repayment Program, ABE Heating and Cooling is here to guide you through the process in six easy steps.

1

Partner with a Qualified Contractor

2

Choose the Ideal Heat Pump

3

Program Application and Approval

4

Hassle-Free Installation

5

Repayment Through Your Utility Bill

6

Enjoy Year-Round Comfort

Benfits of Upgrading to a Heat Pump

Enhanced Energy Efficiency

Modern heat pumps are designed to be incredibly efficient, providing significant savings on energy bills.

Improved Home Comfort

Heat pumps offer consistent and adjustable heating and cooling, ensuring your home remains comfortable year-round.

Reduced Carbon Footprint

By utilizing less electricity and maximizing natural heat transfer, heat pumps are an environmentally friendly choice for your home.

Quieter Operation

Modern heat pumps operate with minimal noise, contributing to a more peaceful home environment.

Heat pumps offer exceptional heating and cooling efficiency, making them a perfect choice for residents and businesses in Salida and Buena Vista, Colorado.

What Other Rebates or Incentives Are Available For Heat Pumps?

There are several other financial incentives available that could further reduce your costs. We assist our customers in tapping into these opportunities:

Colorado Heat Pump Tax Credit

Benefit from a $1,500 credit that is shared between you, the customer, and your heat pump installer. At a minimum, you’ll see a direct discount of $499.95 on your invoice.

Learn More

Federal IRA Heat Pump Tax Credit

An annual opportunity to take advantage of a 30% tax credit on heat pumps, up to $2,000, applied to your Federal taxes. Since this credit is renewable each year, it provides an ongoing benefit if you relocate and install a new system.

For geothermal heat pumps, there is a 30% tax credit for the installation cost.  This does not have the $2,000 cap and can be rolled over into future years, if desired.

Learn More

Additionally, local incentives might be lurking right in your backyard. Cities, counties, or even specific neighborhoods could offer their own rebates.

Each of these incentives helps make the transition to a more efficient heating and cooling system more attainable and affordable. We’re here to guide you through identifying and applying for these rebates, ensuring you maximize your savings.

The Inflation Reduction Act Rebates

Colorado HVAC Rebates

Air Source Heat Pumps

If you’re looking for an energy efficient way to heat and cool your home, an air-to-air heat pump might be the solution you’re looking for. Unlike traditional HVAC systems, heat pumps transfer heat rather than generate it, making them a highly efficient option. Despite their name, they can both heat and cool your home. The main benefits of a heat pump include:

  • Lower Energy Bills
  • Year-Round Comfort
  • Improved Indoor Air Quality
  • Quiet Operation
  • Longer Lifespan
  • Environmentally Friendly

Geothermal Heat Pumps

Geothermal heating systems are highly energy efficient compared to traditional heating systems. They use the stable temperature of the earth as a heat source, which means they require less energy to maintain a comfortable indoor temperature.

  • Extreme energy efficiency
  • Lower energy bills
  • Environmentally sustainable
  • Consistent heating throughout your home

Mini-Split Systems

Ductless and ducted Mini-splits are heating and cooling systems that allow you to control the temperatures in individual rooms or spaces. These systems are a great choice for homeowners looking for a flexible and energy efficient system that provides zoned cooling and heating and cleaner, healthier air in your home.


Heat Pump Water Heaters

A heat pump water heater is an energy-efficient alternative to traditional water heaters that can help homeowners save on energy costs. It works by extracting heat from the surrounding air and using it to heat the water in your home. In other words, it functions like a reverse refrigerator, except instead of cooling the air, it heats the water.

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