Energy Efficiency and Electrification

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. And if you’re a contractor helping a business or property owner adopt energy-efficient options, we’re here for you, too.

When possible, PACE rebates and grants can layer on top of our utility partner rebates (Efficiency Works or Xcel Energy). Advisors will work to get you and your business the maximum amount of financial support available.

Funding for PACE’s rebates and incentives comes from Boulder County’s Sustainability Tax, the City of Boulder’s Climate Tax, and the City of Louisville. All rebates are subject to change at any time and are available while funding lasts.

PACE has extra energy efficiency and electrification rebate funding for owners of equity priority buildings. Your building may qualify as an Equity Priority Building if it houses one or more businesses that serve frontline community members: people that are more vulnerable to the impacts of climate change due to factors including income, race, language, age, documentation status, disability, and more. Your PACE advisor will help determine if your business qualifies for the Standard or Equity Priority Rebates listed below.

In addition to the rebates below, PACE also offers various grants and support for small locally owned and operated businesses in Boulder County. These include a Restaurant Equipment Grant to help restaurants and grocery stores electrify gas equipment or replace inefficient refrigeration, a Landscaping Equipment Grant to help landscapers transition to commercial electric tools, and a Food Truck Electrification Grant to help support the replacement of loud gas generators with electric battery storage. These grants pay up to 80% of the cost of qualifying equipment.

In addition to the rebate limits for each type of rebate listed below, PACE has annual limits on the total amount of rebate dollars a building or owner can receive per year.

2026 Limits – Standard Rebates

• $40,000 per Building
• $80,000 per Owner

2026 Limits – Equity Priority Rebates

• $80,000 per Building
• $160,000 per Owner

PACE reserves the right to waive or adjust limits on a case-by-case basis. Rebate amounts and availability can vary, rebates are available on a first come, first serve basis while funding is available, and pre-approval might be needed. Businesses are required to contact an advisor prior to the purchase of qualifying measures to confirm funding availability, ensure that your project meets the eligibility requirements and to schedule an energy assessment/walk through of the project to verify existing equipment. Please see eligibility information at the bottom of this page, and work with your PACE advisor for answers to all your rebate and eligibility requirement questions.

Reach out to our advisors for advice on where it makes sense to start.

Heating and Cooling

Rebate Limits

• Standard Rebates: 50% of costs, up to $20,000
• Equity Priority Rebates: 75% of costs, up to $40,000

Contractor Bonus

PACE offers a Contractor Bonus of 10% of the total rebate amount for heating and cooling projects.

Hot Water

Rebate Limits:

• Standard Rebates: 50% of costs, limit $20,000
• Equity Priority Rebates: 70% of costs, limit $25,000

Building Electrification and Infrastructure

Rebate Limits:

• Standard Rebates: 50% of costs
• Equity Priority Rebates: 75% of costs

Restaurant and Grocery Equipment

Small businesses in Boulder County may qualify for our Refrigeration and Restaurant Equipment Grant, which covers up to 80% of project costs for refrigeration and food service equipment. Check with your PACE advisor to see which incentive is best for your business.

Rebate Limits

• Standard Rebates: 50% of costs, up to $10,000
• Equity Priority Rebates: 75% of costs, up to $20,000

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.

Note that rebate amounts and requirements are subject to change without notice. PACE rebates are available on a first come, first serve basis while funding is available. Businesses are required to contact an advisor prior to the purchase of energy efficiency measures to confirm funding availability, ensure that your project meets the eligibility requirements and to schedule an energy assessment/walk through of the project to verify existing equipment.

Funding for PACE’s rebates and incentives comes from Boulder County’s Sustainability Tax, the City of Boulder’s Climate Tax, and the City of Louisville.