Page updated 12/5/2025
Welcome to the Business Resources page of Xcel Energy’s Partners in Energy’s Inflation Reduction Act (IRA) Resource Guide. This resource is intended to guide you to available IRA resources and share how you can combine these resources with Xcel Energy or other incentives.
This IRA Resource Guide was developed to provide information on programs and funding opportunities available under the Inflation Reduction Act (IRA) as originally enacted in 2022. However, please be aware that in July 2025, President Trump signed a tax and spending bill into law that had several implications for the Inflation Reduction Act. The most significant changes are:
-
Federal tax credits for electric vehicles ended September 30, 2025.
-
EV charging infrastructure under the Alternative Fuel vehicle Refueling Property Tax Credit (30C)needs to be put into service by June 30, 2026.
-
Home solar tax credits, heat pumps, heat pump hot water heaters, weatherization, and insulation will expire December 31, 2025.
-
Utility-scale solar and wind facilities must either be placed in service by December 31, 2027 or beginning of construction must be established by July 4, 2026.
We appreciate your understanding as we navigate these changes and strive to provide the most accurate and up-to-date information possible.
Resources for Commercial Energy Projects
Building Efficiency
-
Xcel Energy energy savings programs
- IRA direct pay tax credit (§179D) for interior lighting; heating cooling, ventilation, and hot water systems; and building envelope improvements. For details, explore this Environmental Defense Fund IRA Building Efficiency Guide.
- State-specific:
- Colorado Nonprofit Energy Efficiency Program, including project funding for nonprofits serving income-qualified residents
- Minnesota Nonprofit Energy Savings | Business Services | Xcel Energy: Qualifying nonprofits serving income qualified individuals can obtain free energy saving equipment and energy assesment services with Xcel Energy. Some equipment qualifies for rebate bonuses of up to 200% if recommended during the energy assessment and completed within the outlined time period.
- Colorado C-PACE financing
- Minnesota MinnPACE financing
- Wisconsin PACE financing
Electrification
- IRA direct pay tax credit (§48/§48E) for energy investments, including geothermal heat pumps. For details, explore this Environmental Defense Fund IRA Building Efficiency Guide.
- State-specific
- Colorado Geothermal Energy Grant
- Colorado C-PACE financing
- Minnesota MinnPACE financing
- Wisconsin PACE financing
Renewable Energy
- Xcel Energy renewable energy programs
- IRA direct pay tax credits (§45, §45Y, §48, and §48E, §48H) for renewable energy investment and production. For details, explore this Environmental Defense Fund IRA Renewable Energy Guide.
- State-specific
- Colorado Geothermal Energy Grant
- Colorado C-PACE financing
- Minnesota MinnPACE financing
- Wisconsin PACE financing
Electric Vehicles (EVs)
- Xcel Energy fleet and charging infrastructure programs
- IRA direct pay tax credits (§45W and §30C) for clean vehicles and charging infrastructure. For details, explore this Environmental Defense Fund IRA Fleet Electrification Guide.
- U.S. EPA Clean Heavy-Duty Vehicle Grants/Rebates.
- State-specific
- Colorado Fleet-ZERO Grant
- Colorado EV tax credit