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

Nashwauk Public Utilities

Up to
$500
Electric

Ductless Air Source Heat Pump

Rebate range
$500
Minimum efficiency

16 SEER

Rebate webpage

New Prague Utilities Commission

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

New Ulm Public Utilities

Electric

Ducted or Ductless Cold Climate Air Source Heat Pump

Rebate range
$100-$2,200
Minimum efficiency

15.5 SEER
10 HSPF
1.75 Minimum COP at 5°F

Rebate webpage

Nobles Cooperative Electric

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

Ducted Air Source Heat Pump

Rebate range
$500-800

Ductless Air Source Heat Pump

Rebate range
$150-1,000
Rebate webpage

North Branch Municipal Water and Light

Electric

No ASHP rebates available at this time.

Rebate webpage

North Itasca Electric Cooperative Incorporated

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

Ducted Air Source Heat Pump

Rebate range
$750
Minimum efficiency

14.3 SEER2

Ducted Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

15 SEER2

Ductless Air Source Heat Pump, Delivered Fuels Back-Up

Rebate range
$300
Minimum efficiency

14.3 SEER2

Ductless Air Source Heat Pump, All-Electric

Rebate range
$500
Minimum efficiency

14.3 SEER2

Rebate webpage

North Star Electric Cooperative

Up to
$1,500
Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$450/ton
Minimum efficiency

<16.2 SEER2

Ducted Air Source Heat Pump

Rebate range
$750/ton
Minimum efficiency

>16.2 SEER2

Ductless Air Source Heat Pump

Rebate range
$450/ton
Minimum efficiency

<16.2 SEER2

Ductless Air Source Heat Pump

Rebate range
$750/ton
Minimum efficiency

>16.2 SEER2

Rebate webpage

Northwestern Wisconsin Electric

Up to
$900
Electric

Ducted Air Source Heat Pump

Rebate range
$100-600
Minimum efficiency

15.2 SEER2
8.1 HSPF2

Ducted Air Source Heat Pump

Rebate range
$100-$700
Minimum efficiency

15.2 SEER2
8.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$150-$800
Minimum efficiency

16 SEER2
9.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$150-$900
Minimum efficiency

16 SEER2
10.5 HSPF2

Rebate webpage

Ortonville Water and Light

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

Otter Tail Power

Up to
$1,040
Electric

Electric Panel Upgrades

Rebate range
Up to $2,000
Minimum efficiency

Receive up to $2,000 for panel upgrades when installing off-peak service and connecting approved technologies for load control programs, including dual fuel, residential demand control, and more.

Ducted Cold Climate Air Source Heat Pump

Rebate range
$800-$1,040/ton
Minimum efficiency

16 SEER2
8 HSPF2

Ductless Cold Climate Air Source Heat Pump

Rebate range
$600-840/ton
Minimum efficiency

16 SEER2
8 HSPF2

Ducted Air Source Heat Pump

Rebate range
$300-500/ton
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump

Rebate range
$300-500/ton
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Rebate webpage