Incentives & financing

Utility Rebates

Available rebates and equipment specification requirements are updated on an annual basis. Rebate tracker displays a summary of available ASHP rebates and may not be the current offering from your specific utility; please view your utility's rebate webpage for exact details.

Download all rebates
Provider Type

Bagley Public Utilities

Electric
Generation and Transmission Utility
Northern Municipal Power Agency

Ducted Air Source Heat Pump

Rebate range
Up to $450/ton
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
Up to $750/ton
Minimum efficiency

16 SEER2
8 HSPF2

Ductless Air Source Heat Pump

Rebate range
Up to $450/ton
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump

Rebate range
Up to $750/ton
Minimum efficiency

16 SEER2
8 HSPF2

Ducted Air Source Heat Pump Tune Up

Rebate range
$25/unit
Rebate webpage

Barnesville Municipal Electric

Up to
$1,150
Electric
Generation and Transmission Utility
Missouri River Energy Services

Ducted Air Source Heat Pump

Rebate range
$150-$850
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.6 EER2

Ducted Cold Climate Air Source Heat Pump

Rebate range
$350-$1,150
Minimum efficiency

15.2 SEER2
8.1 HSPF2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Ductless Air Source Heat Pump

Rebate range
$250-$300
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.3 EER2

Ductless Cold Climate Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2
8.5 HSPF2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Rebate webpage

Beltrami Electric Cooperative Incorporated

Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ducted Air Source Heat Pump

Rebate range
Up to $450/ton
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
Up to $750/ton
Minimum efficiency

16 SEER2
8 HSPF2

Ductless Air Source Heat Pump

Rebate range
Up to $450/ton
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump

Rebate range
Up to $750/ton
Minimum efficiency

16 SEER2
8 HSPF2

Rebate webpage

BENCO Electric Cooperative

Up to
$1,000
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

15 SEER
8.5 HSPF

Ductless Air Source Heat Pump

Rebate range
$500
Rebate webpage

Benson Municipal Utilities

Up to
$1,150
Electric
Generation and Transmission Utility
Missouri River Energy Services

Ducted Air Source Heat Pump

Rebate range
$150-$850
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.6 EER2

Ducted Cold Climate Air Source Heat Pump

Rebate range
$350-$1,150
Minimum efficiency

15.2 SEER2
8.1 HSPF2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Ductless Air Source Heat Pump

Rebate range
$250-$300
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.3 EER2

Ductless Cold Climate Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2
8.5 HSPF2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Rebate webpage

Biwabik Public Utilities

Electric

No ASHP rebates available at this time.

Rebate webpage

Blooming Prairie Public Utilities

Up to
$2,200
Electric
Generation and Transmission Utility
Southern Minnesota Municipal Power Agency

Ducted Air Source Heat Pump paired with a secondary heat source

Rebate range
$1,500
Minimum efficiency

15.2 SEER2
16 SEER
7.8 HSPF2
9.2 HSPF

Ducted or Ductless Mini-Split Air Source Heat Pump

Rebate range
Up to $2,200
Minimum efficiency

15.2 SEER2
16 SEER
1.75 Minimum COP at 5°F

HSPF/HSPF2 requirements vary

Ducted Air Source Heat Pump Tune Up

Rebate range
Up to $60
Rebate webpage

Blue Earth Light and Water Department

Electric

No ASHP rebates available at this time.

Rebate webpage

Brainerd Public Utilities

Up to
$400
Electric

Ducted Air Source Heat Pump

Rebate range
$400

Ductless Air Source Heat Pump

Rebate range
$400
Rebate webpage

Breckenridge Public Utilities

Up to
$1,150
Electric
Generation and Transmission Utility
Missouri River Energy Services

Ducted or Ductless Air Source Heat Pump, Single Package

Rebate range
$150-$850
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.6 EER2

Ducted Cold Climate Air Source Heat Pump

Rebate range
$350-$1,150
Minimum efficiency

15.2 SEER2
8.1 HSPF2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Ducted or Ductless Mini-Split Air Source Heat Pump

Rebate range
$250-$300
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.3 EER2

Ducted or Ductless Mini-Split Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2
8.5 HSPF2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Rebate webpage