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

Owatonna 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
7.8 HSPF2

Ducted or Ductless Mini-Split Air Source Heat Pump

Rebate range
Up to $2,200
Minimum efficiency

16.2 SEER2
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

Peoples Cooperative Power Association

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

PKM Electric Cooperative

Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$300-$500/ton
Minimum efficiency

17 SEER

Ductless Air Source Heat Pump

Rebate range
$300-$500/ton
Minimum efficiency

17 SEER

Rebate webpage

Preston 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

Princeton 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

Proctor Public Utilities

Electric

No ASHP rebates available at this time.

Rebate webpage

Randall Municipal Utilities

Electric

No ASHP rebates available at this time.

Rebate webpage

Red Lake Electric Cooperative Incorporated

Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$300/ton
Minimum efficiency

<16.1 SEER2

Ducted Air Source Heat Pump

Rebate range
$600/ton
Minimum efficiency

>16.2 SEER2

Ductless Air Source Heat Pump

Rebate range
$300/ton
Minimum efficiency

<16.1 SEER2

Ductless Air Source Heat Pump

Rebate range
$600/ton
Minimum efficiency

>16.2 SEER2

Rebate webpage

Red River Valley Cooperative Power Association

Up to
$3,000
Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$500/ton
Minimum efficiency

16 SEER

Ductless Air Source Heat Pump

Rebate range
$500/ton
Minimum efficiency

16 SEER

Rebate webpage

Redwood Electric Cooperative

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

Ducted Air Source Heat Pump

Rebate range
$600
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

15.2 SEER2
8.1 HSPF2

Ductless Air Source Heat Pump

Rebate range
$600
Minimum efficiency

Must be Energy Star rated

Rebate webpage