{
 "utility": "Xcel Energy (Public Service Company of Colorado)",
 "utility_legal_name": "Public Service Co of Colorado",
 "eia_id": 15466,
 "state": "CO",
 "state_name": "Colorado",
 "url": "https://meterwise.app/co/xcel-energy-public-service-company-of-colorado/heat-pump-vs-furnace/",
 "markdown_url": "https://meterwise.app/co/xcel-energy-public-service-company-of-colorado/heat-pump-vs-furnace/index.md",
 "json_url": "https://meterwise.app/data/v1/utilities/co/xcel-energy-public-service-company-of-colorado.json",
 "json_path": "data/v1/utilities/co/xcel-energy-public-service-company-of-colorado.json",
 "updated": "2026-11-10",
 "zip_codes_served": 344,
 "quick_answer": "As of November 2026, for a typical 1,800 sq ft gas-heated home on Xcel Energy (Public Service Company of Colorado) electricity rates in Colorado that needs a new furnace and AC: It depends on your quotes. A heat pump costs about $80 a year more to run, so it only comes out ahead if its quote is at least $1,200 below the quote for a new furnace and AC.",
 "verdict": "depends on quotes",
 "verdict_code": "depends",
 "assumptions": {
  "floor_area_sqft": 1800,
  "insulation": "average",
  "scenario": "furnace and AC both need replacing",
  "heating_fuel": "gas",
  "lifetime_years": 15
 },
 "electricity": {
  "price_per_kwh_typical_bill": 0.1696,
  "winter_extra_kwh_price": 0.1557,
  "state_average_per_kwh": 0.1656,
  "vs_state_average_pct": 2,
  "source": "utility tariff (U.S. Utility Rate Database)",
  "tariff": "Residential Service (Schedule R)",
  "tariff_effective": "2026-01-01",
  "note": "Electricity: Residential Service (Schedule R) tariff for Xcel Energy (Public Service Company of Colorado), effective 2026-01-01, from the U.S. Utility Rate Database, applied tier by tier to the extra kWh."
 },
 "climate": {
  "station": "Denver Water Dept",
  "heating_degree_days": 5262,
  "cooling_degree_days": 1045,
  "normals": "NOAA 1991-2020"
 },
 "heating_fuel": {
  "default": "gas",
  "price_per_therm_gas": 1.052,
  "local_mix": {
   "electric": 0.265,
   "gas": 0.668,
   "oil": 0.001,
   "other": 0.029,
   "propane": 0.037
  }
 },
 "heat_pump": {
  "option": "Heat pump (replaces both)",
  "annual_saving_vs_like_for_like": -83,
  "break_even_quote_gap": -1239
 },
 "options": [
  {
   "id": "like",
   "option": "New gas furnace + new AC",
   "installed_typical": 11891,
   "installed_low": 9306,
   "installed_high": 14476,
   "rebates": 0,
   "energy_cost_per_year": 816,
   "electricity_kwh_per_year": 1729,
   "fuel_per_year": "502 therms",
   "total_15_years": 24133
  },
  {
   "id": "hp",
   "option": "Heat pump (replaces both)",
   "installed_typical": 11891,
   "installed_low": 8272,
   "installed_high": 15510,
   "rebates": 0,
   "energy_cost_per_year": 899,
   "electricity_kwh_per_year": 5659,
   "fuel_per_year": null,
   "total_15_years": 25372
  },
  {
   "id": "hp_cold",
   "option": "High-efficiency cold-climate heat pump",
   "installed_typical": 15510,
   "installed_low": 11374,
   "installed_high": 20680,
   "rebates": 0,
   "energy_cost_per_year": 711,
   "electricity_kwh_per_year": 4488,
   "fuel_per_year": null,
   "total_15_years": 26181
  }
 ],
 "rebates_checked": false,
 "rebate_programs": [],
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "citation": "MeterWise, \"Heat pump vs. gas furnace and AC on Xcel Energy (Public Service Company of Colorado) rates (CO)\", updated 2026-11-10, https://meterwise.app/co/xcel-energy-public-service-company-of-colorado/heat-pump-vs-furnace/"
}