AC Rewards Program

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Save Money. Stay Comfortable.

AC Rewards is a program administered through your smart thermostat to help manage short term spikes in demand for electricity on hot summer days.

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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

When you enroll in AC Rewards 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 event using your thermostat or smart phone application at any time and return to your normal thermostat settings. You receive a $75 bill credit from Xcel Energy when you enroll your device AND an annual $25 bill credit.

Enroll Your Thermostat Here
ecobee4 with Amazon Alexa Voice Service

When you purchase a qualifying thermostat at the Xcel Energy Store, you get an instant rebate on up to two devices. After you install your thermostat(s) and enroll in the program here, you'll receive a $50 installation incentive per household and an additional $25 credit on your bill every year you participate.

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

Enroll Your Thermostat Here

Participants enrolled in AC Rewards agree 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, a $50 installation incentive per household, and an annual $25 bill credit for every year you participate. 

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).

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.

How Do I Get Started?

Purchase up to two qualifying Wi-Fi connected thermostats from the Xcel Energy Store with an instant rebate and enroll the thermostat(s) in the AC Rewards program. You get an instant rebate for up to two devices when you purchase from the Xcel Energy Store. Install your thermostat(s) and enroll each in the program here. You'll receive a $75 bill credit once you are enrolled in the program. You will receive an additional $25 bill credit on your October bill every year you participate.

Enroll Your Thermostat Here

You get an instant rebate for up to two devices when you purchase from the Xcel Energy Store. Install your thermostat(s) and enroll each in the program here. You'll receive a $50 installation incentive per household.

You will receive an additional $25 bill credit on your October bill every year you participate.

Already own a thermostat? Enroll Now

If you already have a qualifying Wi-Fi-connected thermostat, you can install and join the program.

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ecobee3 sensors

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.

  • Qualifying thermostats include ecobee3, ecobee3 lite, ecobee4 and ecobee smart si.
  • You will need to have your login credentials for your smart thermostat 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 from the list below best suits your needs

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
ecobee ecobee3 Lite EB-STATE3LT-02
ecobee SmartSI
EB-SmartSi-01
Honeywell
Honeywell WI-FI 7 Day Programmable Thermostat
RTH6580WF

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.

If you have further questions about the AC Rewards program, please visit our FAQs page.

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