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

MiEnergy Cooperative (formerly Tri-County Electric Cooperative)

Electric
Generation and Transmission Utility
Dairyland Power Cooperative (Class A)

Ducted Air Source Heat Pump

Rebate range
$200/ton
Minimum efficiency

SEER2: 14.3
HSPF2: 7.5
SEER: 15
HSPF: 8.8

Ductless Air Source Heat Pump

Rebate range
$200/ton
Minimum efficiency

SEER2: 14.3
HSPF2: 7.5
SEER: 15
HSPF: 8.8

Rebate webpage

Mille Lacs Electric Cooperative

Up to
$750
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$100/ton
Minimum efficiency

14.3 SEER2

Ductless Air Source Heat Pump

Rebate range
$100/ton
Minimum efficiency

14.3 SEER2

Rebate webpage

Minnesota Power

Up to
$1,000
Electric

Ducted Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2 
7.8 HSPF2
 

Ductless Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2 
7.8 HSPF2
 

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$1,000
Minimum efficiency

SEER2: 15.2
HSPF2: 8.1
Minimum COP at 5°F: 1.75
 

Ductless Air Source Heat Pump (Cold Climate)

Rebate range
$1,000
Minimum efficiency

SEER2: 16
HSPF2: 9.5
Minimum COP at 5°F: 1.75

Rebate webpage

Minnesota Valley Cooperative Light and Power Association

Electric

Ductless Air Source Heat Pump

Rebate range
$6/1,000 BTUs
Minimum efficiency

SEER2: Energy Star
HSPF2: Energy Star

Ducted Air Source Heat Pump

Rebate range
$6/1,000 BTUs
Minimum efficiency

SEER2: Energy Star
HSPF2: Energy Star

Rebate webpage

Minnesota Valley Electric Cooperative

Up to
$500
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$500
Minimum efficiency

SEER2: 13.4
HSPF2: 7.5
SEER: 14
HSPF: 8.8

Ductless Air Source Heat Pump

Rebate range
$300
Minimum efficiency

SEER2: Energy Star
 

Rebate webpage

Moorhead Public Service

Up to
$1,100
Electric
Generation and Transmission Utility
Missouri Energy Services

Ducted Air Source Heat Pump

Rebate range
$150-$850
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 9.6
SEER: 16
HSPF: 9.2
EER: 10

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$350-$1,150
Minimum efficiency

SEER2: 15.2
HSPF2: 8.1

Ductless Air Source Heat Pump

Rebate range
$250-$350/unit
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 9.3
SEER: 15.2
HSPF: 8.7
EER: 9.3

Ductless Air Source Heat Pump (Cold Climate)

Rebate range
$400
Minimum efficiency

SEER2: 15.2
HSPF2: 8.5

Rebate webpage

Moose Lake Water and Light

Electric

Ductless Air Source Heat Pump

Rebate range
$300
Minimum efficiency
  • Minimum SEER2: Energy Star
Rebate webpage

Mora Municipal Utilities

Up to
$2,200
Gas
Generation and Transmission Utility
Southern Minnesota Municipal Power Agency

Ducted Air Source Heat Pump

Rebate range
$125-$1,800
Minimum efficiency

15.2 SEER2
7.8 HSPF2

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$250-$2,200
Minimum efficiency

15.2 SEER2
7.7 HSPF2
COP at 5°F ≥ 1.75

Ductless Air Source Heat Pump

Rebate range
$125-$1,800
Minimum efficiency

15.2 SEER2
7.8 HSPF2

Ductless Air Source Heat Pump (Cold Climate)

Rebate range
$250-$2,200
Minimum efficiency

15.2 SEER2
8.5 HSPF2
COP at 5°F ≥ 1.75

Ducted Air Source Heat Pump (Existing Natural Gas)

Rebate range
$100-$200
Minimum efficiency

15.2 SEER2
7.5 HSPF2

Centrally-ducted Air Source Heat Pump paired with a secondary heat source

Rebate range
$1,500
Minimum efficiency

16.2 SEER2
7.8 HSPF2
17 SEER
9.2 HSPF
 

Ducted or Ductless Mini-Split Air Source Heat Pump

Rebate range
Up to $2,200
Minimum efficiency

16.2 SEER2
HSPF2 Varies
17 SEER
HSPF Varies

Air Source Heat Pump Tune up

Rebate range
Up to $60
Rebate webpage

Mountain Iron Public Utilities

Up to
$1,000
Electric

Ducted Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2 
7.8 HSPF2

Ductless Air Source Heat Pump

Rebate range
$400
Minimum efficiency

15.2 SEER2 
7.8 HSPF2
 

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$1,000
Minimum efficiency

15.2 SEER2
8.1 HSPF2
10 EER2
COP at 5°F ≥ 1.75
Capacity maintenance: ≥ 58% at 17°F/47°F OR ≥ 70% at 5°F/47°F
 

Ductless Air Source Heat Pump (Cold Climate)

Rebate range
$1,000
Minimum efficiency

16 SEER2
9.5 HSPF2
9 EER2 
COP at 5°F ≥ 1.75
Capacity maintenance: ≥ 58% at 17°F/47°F OR ≥ 70% at 5°F/47°F

Rebate webpage

Mountain Lake Municipal Utilities

Up to
$1,700
Electric
Generation and Transmission Utility
Central Municipal Power Agency

Ductless Air Source Heat Pump

Rebate range
Starting at $50
Minimum efficiency

Minimum efficiency not listed.

Ducted Air Source Heat Pump

Rebate range
Starting at $50
Minimum efficiency

Minimum efficiency not listed.

Rebate webpage