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

Lanesboro Public Utilities

Electric
Generation and Transmission Utility
Dairyland Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$250/ton
Minimum efficiency

14 SEER
8.2 HSPF
11.5 EER

Ductless Air Source Heat Pump

Rebate range
$250/ton
Minimum efficiency

14 SEER
8.2 HSPF
11.5 EER

Rebate webpage

Le Sueur Municipal Utilities

Up to
$500
Electric
Generation and Transmission Utility
Minnesota Municipal Power Agency

Ducted or Ductless Air Source Heat Pump, Single Package

Rebate range
$500
Minimum efficiency

15.2 SEER2
16 SEER
7.8 HSPF2
9.2 HSPF
10.6 EER2
11 EER

Ducted or Ductless Air Source Heat Pump, Split System

Rebate range
$500
Minimum efficiency

15.2 SEER2
16 SEER
7.8 HSPF2
9.2 HSPF
11.7 EER2
12 EER

Rebate webpage

Litchfield 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

16.2 SEER2
17 SEER
7.8 HSPF2
9.2 HSPF

Ducted or Ductless Mini-Split Air Source Heat Pump

Rebate range
Up to $2,200
Minimum efficiency

16.2 SEER2
17 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

Lyon Lincoln Electric Cooperative Incorporated

Up to
$800
Electric

Ducted Air Source Heat Pump

Rebate range
$400
Minimum efficiency

Must be Energy Star rated

Ducted Air Source Heat Pump

Rebate range
$800
Minimum efficiency

Must be Energy Star rated

Ductless Air Source Heat Pump

Rebate range
$200
Minimum efficiency

Must be Energy Star rated

Rebate webpage

Madelia Municipal Light and Power

Electric

Ducted Cold Climate Air Source Heat Pump

Rebate range
$85-$170/ton
Minimum efficiency

Varies SEER2

Ductless Cold Climate Air Source Heat Pump

Rebate range
$85-$170/ton
Minimum efficiency

Varies SEER2

Ducted Air Source Heat Pump

Rebate range
$75-$150/ton
Minimum efficiency

Varies SEER2

Ductless Air Source Heat Pump

Rebate range
$75-$150/ton
Minimum efficiency

Varies SEER2

Rebate webpage

Madison Public 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
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
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Rebate webpage

Marshall Municipal Utilities

Electric
Generation and Transmission Utility
Missouri River Energy Services

Ducted Air Source Heat Pump

Rebate range
$150/ton
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.6 EER2

Ductless Air Source Heat Pump

Rebate range
$150/ton
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.6 EER2

Rebate webpage

McLeod Cooperative Power Association

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

Ducted Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

14.3 SEER2
7.5 HSPF2

All CEE Tier 1 Listed Systems Quality

Ductless Air Source Heat Pump

Rebate range
$750
Minimum efficiency

14.3 SEER2
7.5 HSPF2

All CEE Tier 1 Listed Systems Quality

Rebate webpage

Meeker Cooperative Light and Power Association

Up to
$1,200
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump (non-QI)

Rebate range
$500

Ducted Air Source Heat Pump (QI)

Rebate range
$650
Minimum efficiency

7 HSPF2
8.2 HSPF

Ducted Air Source Heat Pump (QI)

Rebate range
$925
Minimum efficiency

7.5 HSPF2
8.8 HSPF

Ducted Air Source Heat Pump (QI)

Rebate range
$1,200
Minimum efficiency

7.7 HSPF2
9.5 HSPF

Ductless Air Source Heat Pump

Rebate range
$500
Rebate webpage

Melrose Public 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
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
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Rebate webpage