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

Todd Wadena Electric Cooperative

Up to
$700
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
$700
Minimum efficiency

16 SEER2
8 HSPF2

Ductless Air Source Heat Pump, ≤1 ton

Rebate range
$150
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump, ≤1 ton

Rebate range
$250
Minimum efficiency

16 SEER2
8 HSPF2

Ductless Air Source Heat Pump, >1 ton

Rebate range
$500
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump, >1 ton

Rebate range
$700
Minimum efficiency

16 SEER2
8 HSPF2

Rebate webpage

Traverse Electric Cooperative Incorporated

Up to
$600
Electric

Ducted Air Source Heat Pump

Rebate range
$600
Rebate webpage

Truman Public Utilities

Electric

No ASHP rebates available at this time.

Rebate webpage

Tyler Municipal Light and Power

Up to
$2,000
Electric

Ducted Air Source Heat Pump (electric back-up)

Rebate range
$2,000
Minimum efficiency

15.2 SEER2
8.1 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
$500
Minimum efficiency

15.2 SEER2
8.5 HSPF2

Rebate webpage

Virginia Department of Public Utilities

Up to
$1,000
Electric

Ducted Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15 SEER
8.5 HSPF

Ductless Air Source Heat Pump

Rebate range
$150
Minimum efficiency

16 SEER

Ducted Cold Climate Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

15 SEER
9 HSPF
1.75 Minimum COP at 5°F

Rebate webpage

Wadena Electric and Water

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

Waseca 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

Wells 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

Westbrook Municipal Light and Power

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

Whalan Electric Department

Electric

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