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

Wild Rice Electric Cooperative Incorporated

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
$650/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
$650/ton
Minimum efficiency

>16.2 SEER2
17 SEER

Rebate webpage

Willmar Municipal Utilities

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

Worthington Public Utilities

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

Wright-Hennepin Cooperative Electric Association

Up to
$630
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$580
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$630
Minimum efficiency

16 SEER2
8 HSPF2

Ductless Air Source Heat Pump

Rebate range
$200
Minimum efficiency

14.3 SEER2

Rebate webpage

Xcel Energy

Up to
$2,000
Gas
Electric

Ducted Air Source Heat Pump (electric only customers)

Rebate range
$500
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.6 EER2

Ducted Cold Climate Air Source Heat Pump (electric only customers)

Rebate range
$900
Minimum efficiency

15.2 SEER2
8.1 HSPF2
10 EER2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Ducted Air Source Heat Pump (combo/natural gas only customers)

Rebate range
$1,600
Minimum efficiency

15.2 SEER2
7.8 HSPF2
9.6 EER2

Ducted Cold Climate Air Source Heat Pump (combo/natural gas only customers)

Rebate range
$2,000
Minimum efficiency

15.2 SEER2
8.1 HSPF2
10 EER2
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Ductless Air Source Heat Pump

Rebate range
$1,600
Minimum efficiency

15.2 SEER2
8.5 HSPF2
9.3 EER2

Ductless Cold Climate Air Source Heat Pump

Rebate range
$2,000
Minimum efficiency

16 SEER2
9.5 HSPF2
9 EER2

Rebate webpage