In a medium non-stick skillet, heat 1 tbsp. butter over medium heat; sauté onions, red and jalapeno peppers for 2 minutes or until softened. Add bacon, sauté 2 minutes or until heated through. Remove to bowl; cover to keep warm.
In a small bowl or measuring cup, whisk eggs, salt and pepper
Melt remaining butter in the same skillet on medium heat; add eggs and cook, stirring gently, until set but still soft, about 2 minutes.
Spoon eggs on each tortilla, top with bacon mixture, cheese and onion. Serve and enjoy!