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

Electric

No ASHP rebates available at this time.

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

Electric
Generation and Transmission Utility
Central Municipal Power Agency

No ASHP rebates available at this time.

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
Rebate webpage

Spring Grove Municipal Electric

Electric

No ASHP rebates available at this time.

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

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

Springfield Public Utilities

Electric
Generation and Transmission Utility
Central Municipal Power Agency

Ducted Air Source Heat Pump

Rebate range
Exact amount not listed

Ductless Air Source Heat Pump

Rebate range
Exact amount not listed
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

15.2 SEER2
8.1 HSPF2

Ductless Air Source Heat Pump, 1 ton or less

Rebate range
$100
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump, 1 ton or less

Rebate range
$200
Minimum efficiency

Must be CEE Tier 1 Listed

Ductless Air Source Heat Pump, greater than 1 ton

Rebate range
$500
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump, greater than 1 ton

Rebate range
$800
Minimum efficiency

CEE Tier 1 Listed

Rebate webpage

Thief River Falls Municipal Utilities

Up to
$1,500
Electric
Generation and Transmission Utility
Northern Municipal Power Agency

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
17 SEER

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
17 SEER

Rebate webpage