The electronic structure and photochemistry of copper formate clusters, Cu
I
2
(HCO
2
)
3
−
and Cu
II
n
(HCO
2
)
2
n
+1
−
,
n
≤8, are investigated in the gas phase by using UV/Vis spectroscopy in combination with quantum chemical calculations. A clear difference in the spectra of clusters with Cu
I
and Cu
II
copper ions is observed. For the Cu
I
species, transitions between copper d and s/p orbitals are recorded. For stoichiometric Cu
II
formate clusters, the spectra are dominated by copper d–d transitions and charge‐transfer excitations from formate to the vacant copper d orbital. Calculations reveal the existence of several energetically low‐lying isomers, and the energetic position of the electronic transitions depends strongly on the specific isomer. The oxidation state of the copper centers governs the photochemistry. In Cu
II
(HCO
2
)
3
−
, fast internal conversion into the electronic ground state is observed, leading to statistical dissociation; for charge‐transfer excitations, specific excited‐state reaction channels are observed in addition, such as formyloxyl radical loss. In Cu
I
2
(HCO
2
)
3
−
, the system relaxes to a local minimum on an excited‐state potential‐energy surface and might undergo fluorescence or reach a conical intersection to the ground state; in both cases, this provides substantial energy for statistical decomposition. Alternatively, a Cu
II
(HCO
2
)
3
Cu
0−
biradical structure is formed in the excited state, which gives rise to the photochemical loss of a neutral copper atom.