Greeley, CO Heat Pump Leasing & Installation
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.
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.
Home location & size
Your home’s location and size directly impact heating needs.
- ZIP Code
- Number of residents
- Home Square Footage (sq ft)
- Home Ceiling Height (ft)
Home attributes
- Amount of sunlight: Low, Moderate, High
- Insulation: Poor, Standard, Good, Excellent
- Number of Windows
- Window and Door Seals: Poor fit & Seal, Typical fit & Seal, Good fit & Seal
Additional details
- Do you have a kitchen? Yes, No
- Do you have any glassed-in rooms? Yes, No
- Extra Device Wattage (W)
Estimated Heating Needs
Your home’s location falls within 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
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.
| Comfort Plan | Cash | Loan | |
|---|---|---|---|
| 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 | Yes | No | No |
| Eligible for incentives | Yes | No | No |
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 $8,000
The 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.
Eligibility: Households must have incomes at or below 150% of the Area Median Income (AMI) in their county. You must reside in an existing home (new construction is ineligible) in Colorado for at least half of the year. Secondary homes and vacation homes are not eligible. You will need to work with a registered program contractor to confirm which rebates are best for you.
Colorado Heat Pump Tax Credit
Up to $1,000
Beginning 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.
Eligibility: All Colorado residents, businesses, and other organizations who install an eligible heat pump through a registered contractor may receive a portion of the tax credit (at least 33.33%) as a discount at the time of installation. All heat pumps must be Energy Star certified.
Federal IRA Tax Credit
Up to $2,000
The Inflation Reduction Act provides a federal tax credit of up to $2,000 for qualifying heat pump installations through 2032.
Eligibility: Available to homeowners who purchase and install a qualifying heat pump system. Claimed on your annual federal tax return.
Greeley homeowners have access to multiple heat pump incentive programs. 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.
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.
Climate Zone 6
Cool climate zone with cold winters and warm summers.
Climate Zone 6A
Avg. extreme winters: -10° to -5° F
Climate Zone 6B
Avg. extreme winters: -5° to 0° 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.
Price of Energy: Colorado vs National Average
0¢
10¢
20¢
30¢
13.7¢
13.1¢
15.0¢
14.2¢
16.0¢
14.3¢
16.5¢
15.1¢
2021
2022
2023
2024
US Average
Colorado
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.
Greeley Utilities Electricity Rates
| Provider | Rate (¢/kWh) |
|---|---|
| CORE Electric | 14.50¢ |
| Xcel Energy | 14.30¢ |
| CO Average | 14.30¢ |
| US Average | 16.0¢ |
Palmetto Reviews
Everything about my experience was excellent. My new HVAC system was installed the next day; the process took less time than expected; the technicians were friendly, polite, and professional; and my home has been a comfortable temperature since with zero issues.
Palmetto Customer, MD
Long term lease plans aren’t for everyone! But for my specific situation it made sense. For some it may not! But my experience has been great overall 🙂
Palmetto Customer, IL
The overall process was very easy. The specific payment plan offered was a tremendous help when I needed to resolve my AC problem. I would recommend for convenience and service.
Palmetto Customer, VA
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.
| 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
Do heat pumps make sense in Greeley? 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.
How efficient are heat pumps in Greeley's climate? Heat pumps perform well in Greeley's Climate Zone 6, effectively heating homes even when temperatures drop to -5°F. Modern cold-climate heat pumps maintain efficiency ratings of 200-300%.
Should I lease or buy a heat pump in Greeley? The choice between leasing and buying depends on your financial situation and preferences.
How much does a heat pump cost in Greeley? Heat pump costs in Greeley typically range from $5,000 to $20,000 for a complete installation, depending on your home's size and the system's capacity needed.
Is a heat pump worth it financially? Yes, heat pumps are typically worth it financially in Greeley.
Who installs heat pumps in Greeley? Heat pumps in Greeley are installed by licensed HVAC contractors who specialize in heating and cooling systems suitable for Climate Zone 6 conditions.
What is the difference between a heat pump and HVAC? 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 a type of HVAC system that both heats and cools.