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

Electric
Generation and Transmission Utility
Minnkota Power Cooperative

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

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
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
$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
1.75 Minimum COP at 5°F
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
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
$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
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Rebate webpage

Wright-Hennepin Cooperative Electric Association

Up to
$1,305
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump, ESP with load control

Rebate range
$150/ton
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump, QI ECO

Rebate range
$580
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Stackable with ESP rebate

Ducted Air Source Heat Pump, QI ECO

Rebate range
$630
Minimum efficiency

16 SEER2
8 HSPF2

Stackable with ESP rebate

Ducted or Ductless Air Source Heat Pump, no load control

Rebate range
$400
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump Tune Up

Rebate range
$25
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
1.75 Minimum COP at 5°F
Capacity maintenance: ≥ 70% at 5°F of that at 47°F

Rebate webpage