diff --git a/_version.py b/_version.py
index 00cd8d63..4c07173e 100644
--- a/_version.py
+++ b/_version.py
@@ -1,2 +1,2 @@
 # fmt: off
-__version__ = '0.4.11'
+__version__ = '0.5.0'
diff --git a/docs/conf.py b/docs/conf.py
index d122f19d..68cec3e3 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -7,7 +7,7 @@
 import snntorch
 
 # fmt: off
-__version__ = '0.4.11'
+__version__ = '0.5.0'
 # fmt: on
 
 
diff --git a/setup.cfg b/setup.cfg
index 6b0c3fe7..0c97d654 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.4.11
+current_version = 0.5.0
 commit = True
 tag = True
 
diff --git a/setup.py b/setup.py
index 7189e62e..cb62fdba 100644
--- a/setup.py
+++ b/setup.py
@@ -11,7 +11,7 @@
 #     history = history_file.read()
 
 # fmt: off
-__version__ = '0.4.11'
+__version__ = '0.5.0'
 # fmt: on
 
 requirements = [
diff --git a/snntorch/_version.py b/snntorch/_version.py
index 00cd8d63..4c07173e 100644
--- a/snntorch/_version.py
+++ b/snntorch/_version.py
@@ -1,2 +1,2 @@
 # fmt: off
-__version__ = '0.4.11'
+__version__ = '0.5.0'