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

H D Electric Cooperative

Up to
$600
Electric

Ducted Air Source Heat Pump

Rebate range
$600
Minimum efficiency

8.5 HSPF

Rebate webpage

Halstad 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

Rebate webpage

Hawley Public Utilities

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

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

Heartland Power Cooperative

Electric

Ducted Air Source Heat Pump

Rebate range
$200/ton
Minimum efficiency

14.3 SEER2
15 SEER
7.5 HSPF2
7.8 HSPF

Ductless Air Source Heat Pump

Rebate range
$200/ton
Minimum efficiency

14.3 SEER2
15 SEER
7.5 HSPF2
7.8 HSPF

Rebate webpage

Hibbing Public Utility

Electric

No ASHP rebates available at this time.

Rebate webpage

Hutchinson 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

Iowa Lakes Electric Cooperative

Electric

Ducted Air Source Heat Pump

Rebate range
$500/ton
Minimum efficiency

14.3 SEER2
15 SEER

Ducted Air Source Heat Pump, gas backup with load control

Rebate range
$650/ton
Minimum efficiency

14.3 SEER2
15 SEER

Ductless Air Source Heat Pump

Rebate range
$500/ton
Minimum efficiency

14.3 SEER2
15 SEER

Rebate webpage

Itasca Mantrap Cooperative Electric Association

Up to
$1,000
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$750
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

16 SEER2
8 HSPF2

Ductless Air Source Heat Pump

Rebate range
$300
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Rebate webpage

Janesville Municipal Utilities

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

Ducted Air Source Heat Pump

Rebate range
$50-750
Minimum efficiency

15.2 SEER2
16 SEER
7.1 HSPF2
8.6 HSPF
10.6 EER2
11 EER

Ductless Air Source Heat Pump

Rebate range
$50-750
Minimum efficiency

15.2 SEER2
15.2 SEER
7.8 HSPF2
8.1 HSPF
11.7 EER2
11.7 EER

Rebate webpage

Kandiyohi Cooperative Electric Power 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

15.2 SEER2
8.1 HSPF2

Ductless Air Source Heat Pump

Rebate range
$300
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ductless Air Source Heat Pump

Rebate range
$500
Minimum efficiency

15.2 SEER2
8.1 HSPF2

Rebate webpage