AC Rewards Program v1

Save Money. Stay Comfortable.

Participate in the AC Rewards program to save $150 on a smart thermostat purchased from Xcel Energy Store. You'll get a $75 instant rebate at checkout, with the remainder of your savings credited to your energy bill when you have it installed and begin participating in the program.

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Honeywell Thermostat

AC Rewards is a new program administered through your smart thermostat to help manage short term spikes in demand for electricity on hot summer days. By participating in the AC Rewards program you’ll help us ease the strain on the electrical grid during these peaks by cutting back just a little on the time your central air works to cool your home. You’ll have the ability to opt out of these events at any time from your smart thermostat, mobile device or web app. In exchange for your participation you may receive enrollment incentives plus a $25 credit on your bill every year you participate. 

How The Program Works

By making small changes to your thermostat settings, the AC Rewards program can help you save money and energy during periods of high electricity demand. It also manages peaks in electricity demand on hot days – helping Xcel Energy deliver the best possible service to you and all of our energy customers.

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ecobee4 with Amazon Alexa Voice Service

Under this AC Rewards program we will make small adjustments to your thermostat during periods of high electricity demand, also known as control “events”. These events may occur anytime during the cooling season.  If you experience discomfort, you’ll have the option to opt-out of the AC Rewards events using your thermostat or smart phone application at any time and return to your normal thermostat settings.

Enroll now and save $75 instantly on an authorized smart thermostat from Xcel Energy Store. Then, get an additional $50 refund credited to your bill when you enroll in the Demand Response program and $25 off your bill approximately four weeks later – and each year you continue to let Xcel Energy manage your temperature settings during control events.

Eligibility Requirements

To qualify, you must be a Colorado or Minnesota Xcel Energy residential electric customer with central AC, install an authorized smart thermostat and have a Wi-Fi network. Customers who live in apartments or condominiums are not eligible.

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Participants enrolled in AC Rewards agreed to let us make small adjustments to their thermostat(s) during periods of high electricity demand, also known as "events."

Customers are eligible for up to two $75 instant thermostat rebates upfront, one $50 AC Rewards program enrollment incentive, and one $25 incentive for participation in the AC Rewards program once enrolled for a while.

The combined rebate and incentive amount cannot total more than the cost of your selected device. (Example: if your selected thermostat purchase price is less than $125, your combined rebate and incentive will be the lesser amount.)

How Do I Get Started?

1. Click the ‘Purchase Thermostat’ button below to select your smart thermostat and receive an instant $75 rebate on You get an instant rebate for up to two devices when you purchase from the Xcel Energy Store.

2. After you receive your thermostat and install it, we will award you your additional $50 rebate. Limit one $50 installation incentive per household.

3. Within four weeks of enrolling, you will receive an additional $25 credit on your Xcel Energy bill.

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ecobee3 lite

I have a qualifying Wi-Fi-connected thermostat

Your thermostat must be installed before you can join the program. Enroll it here. At the enrollment portal you will be asked to set up a password for your participation.

  • You will need to have your login credentials for your smart thermostat (Ecobee or Honeywell) available as well.
  • You will receive a $75 incentive credited to your electric bill once you are enrolled.

Qualifying Smart Thermostats

Decide which smart thermostat best suits your needs from the list below

There are a number of factors to consider when comparing devices and manufacturers so take a look at the side-by-side comparison of recommended models and refer to the product feature descriptions on our Thermostat Buyer's Guide.

Manufacturer Model Name Model Number
ecobee ecobee4 EB-STATe4-01

ecobee3 lite


ecobee SmartSI
Honeywell Wi-Fi Color Touchscreen
Programmable Thermostat
(WiFi 9000)
Honeywell Wi-Fi 7 Day
Programmable Touchscreen


Honeywell Wi-Fi 7 Day


Claim your instant rebate from Xcel Energy Store

Once you know about your home heating and cooling system, and have decided which smart thermostat will best help you manage your home, all that’s left is to purchase your new smart thermostat and enroll in AC Rewards.

Current Saver’s Switch® Customers: Customers are only eligible to participate in one of the two programs – either Saver’s Switch or the AC Rewards program. You will be automatically un-enrolled from the Saver’s Switch program when you enroll in the AC Rewards program.

Program Terms and Conditions are subject to change at any time.