diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 40a1d919e..54240f292 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.5.0b4
+current_version = 1.5.0rc1
 parse = (?P<major>[\d]+) # major version number
 	\.(?P<minor>[\d]+) # minor version number
 	\.(?P<patch>[\d]+) # patch version number
diff --git a/dbt/adapters/redshift/__version__.py b/dbt/adapters/redshift/__version__.py
index 4a7a8147e..fa6c5a1ac 100644
--- a/dbt/adapters/redshift/__version__.py
+++ b/dbt/adapters/redshift/__version__.py
@@ -1 +1 @@
-version = "1.5.0b4"
+version = "1.5.0rc1"