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

Shelly Municipal Utility Department

Up to
$250
Electric

Ducted Air Source Heat Pump

Rebate range
$250
Minimum efficiency

Must be Energy Star rated

Ductless Air Source Heat Pump

Rebate range
$250
Minimum efficiency

sl SEER2

Must be Energy Star rated

Rebate webpage

Sioux Valley Southwestern Electric

Up to
$1,200
Electric

Ducted Air Source Heat Pump (with electric back-up)

Rebate range
$1,200
Minimum efficiency

7.5 HSPF2
8.8 HSPF

Ducted Air Source Heat Pump (with non-electric back-up)

Rebate range
$600
Minimum efficiency

7.5 HSPF2
8.8 HSPF

Ductless Air Source Heat Pump

Rebate range
$300
Rebate webpage

Sleepy Eye Public Utilities

Up to
$750
Electric
Generation and Transmission Utility
Central Municipal Power Agency

Ducted Air Source Heat Pump

Rebate range
$50-$750
Minimum efficiency

Varies SEER

Ductless Air Source Heat Pump

Rebate range
$50-$750
Minimum efficiency

Varies SEER

Rebate webpage

South Central Electric Association

Up to
$500
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$300
Minimum efficiency

<9.5 HSPF

Ducted Air Source Heat Pump

Rebate range
$500
Minimum efficiency

9.5 HSPF

Ductless Air Source Heat Pump

Rebate range
$350

Ducted Air Source Heat Pump Tune Up

Rebate range
$30
Rebate webpage

Spring Grove Municipal Electric

Up to
$750
Electric

Ducted or Ductless Air Source Heat Pump, without load control

Rebate range
$75/ton
Minimum efficiency

4 SEER

Ducted or Ductless Air Source Heat Pump, load control bonus

Rebate range
$150/ton
Minimum efficiency

14 SEER

Rebate webpage

Spring Valley 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

Springfield Public Utilities

Up to
$1,000
Electric
Generation and Transmission Utility
Central Municipal Power Agency

Ducted Cold Climate Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

15.2 SEER2
8.1 HSPF2
10.6 EER2
1.75 Minimum COP at 5°F

Ductless Cold Climate Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

15.2 SEER2
8.5 HSPF2
11.7 EER2
1.75 Minimum COP at 5°F

Ducted Air Source Heat Pump

Rebate range
$750
Minimum efficiency

15.2 SEER2
7.2 HSPF2
10.6 EER2

Ductless Air Source Heat Pump

Rebate range
$750
Minimum efficiency

15.2 SEER2
7.8 HSPF2
11.7 EER2

Rebate webpage

Stearns Cooperative Electric Association

Up to
$800
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$500
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$800
Minimum efficiency

Must be CEE Tier 1 Listed

Ductless Air Source Heat Pump

Rebate range
$300
Minimum efficiency

14.3 SEER2
7.5 HSPF2

All CEE Tier 1 Listed systems qualify

Rebate webpage

Steele Waseca Cooperative Electric Company

Up to
$800
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$500
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$800
Minimum efficiency

16 SEER2
8 HSPF2

Ductless Air Source Heat Pump

Rebate range
$100-$500
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump

Rebate range
$200-$800
Minimum efficiency

16 SEER2
8.5 HSPF2

Rebate webpage

Thief River Falls Municipal 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

Rebate webpage