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

MiEnergy Cooperative (formerly Tri-County Electric Cooperative)

Electric
Generation and Transmission Utility
Dairyland Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$200/ton
Minimum efficiency

14.3 SEER2
15 SEER
7.5 HSPF2
8.8 HSPF

Ductless Air Source Heat Pump

Rebate range
$200/ton
Minimum efficiency

14.3 SEER2
15 SEER
7.5 HSPF2
8.8 HSPF

Rebate webpage

Mille Lacs Electric Cooperative

Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$100/ton
Minimum efficiency

14.3 SEER2

Ductless Air Source Heat Pump

Rebate range
$100/ton
Minimum efficiency

14.3 SEER2

Rebate webpage

Minnesota Power

Up to
$1,000
Electric

Ducted Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2
7.8 HSPF2

Ductless Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2
7.8 HSPF2

Ducted Cold Climate Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

15.2 SEER2
8.1 HSPF2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 58% at 17°F/47°F OR ≥ 70% at 5°F/47°F

Ductless Cold Climate Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

16 SEER2
9.5 HSPF2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 58% at 17°F/47°F OR ≥ 70% at 5°F/47°F

Rebate webpage

Minnesota Valley Cooperative Light and Power Association

Electric

Ducted Air Source Heat Pump

Rebate range
$6/1,000 BTU
Minimum efficiency

Must be Energy Star rated

Ductless Air Source Heat Pump

Rebate range
$6/1,000 BTU
Minimum efficiency

Must be Energy Star rated

Rebate webpage

Minnesota Valley Electric Cooperative

Up to
$300
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$500
Minimum efficiency

13.4 SEER2
14 SEER
7.5 HSPF2
8.8 HSPF

Ductless Air Source Heat Pump

Rebate range
$300
Minimum efficiency

Must be Energy Star rated

Rebate webpage

Moorhead Public Service

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

Moose Lake Water and Light

Up to
$300
Electric

Ductless Air Source Heat Pump

Rebate range
$300
Minimum efficiency

Must be Energy Star rated

Rebate webpage

Mora Municipal 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

Mountain Iron Public Utilities

Up to
$1,000
Electric

Ducted Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2
7.8 HSPF2

Ductless Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2
7.8 HSPF2

Ducted Cold Climate Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

15.2 SEER2
8.1 HSPF2
10 EER2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 58% at 17°F/47°F OR ≥ 70% at 5°F/47°F

Ductless Cold Climate Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

16 SEER2
9.5 HSPF2
9 EER2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 58% at 17°F/47°F OR ≥ 70% at 5°F/47°F

Rebate webpage

Mountain Lake Municipal Utilities

Electric
Generation and Transmission Utility
Central Municipal Power Agency

Ducted Air Source Heat Pump

Rebate range
Starting at $50

Ductless Air Source Heat Pump

Rebate range
Starting at $50
Rebate webpage