Enroll today in AC Reward's


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.

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. 

Plus, Smart thermostats allow you to control your thermostat from your phone, and even learn your home temperature preferences to make automatic adjustments to keep you comfortable.



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. Here’s how it works:

  • Purchase, enroll, and save $75 instantly on an authorized smart thermostat from Xcel Energy Store
  • Participants enrolled in AC Reward's agree to let us make small adjustments to their thermostat(s) during periods of high electricity demand, also known as "events."
  • Get an additional $50 refund credited to your bill after installing your device, limit one per household. 
  • Receive $25 off your bill approximately four weeks later.
  • Registered participants will be compensated each year you continue to let Xcel Energy manage your temperature settings during control events.
  • Continued participation is voluntary – enrolled customers can opt out of any event at any time, with no penalty



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

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.


Qualifying Internet-Connected Thermostats:

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


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 enroll in AC Rewards by agreeing to the terms and conditions then purchasing your new smart thermostat.

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

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.

Saver’s Switch Participants

Customers cannot participate in both Saver’s Switch and AC Rewards. Saver’s Switch participants who choose to switch to AC rewards will no longer receive bill credits for Saver’s Switch and the Saver’s Switch device will be deactivated. Other restrictions may apply.