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

Nashwauk Public Utilities

Up to
$500
Electric

Ductless Air Source Heat Pump

Rebate range
$500
Minimum efficiency

16 SEER

Rebate webpage

New Prague Utilities Commission

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
Minimum COP at 5°F: 1.75

Air Source Heat Pump Tune up

Rebate range
Up to $60
Rebate webpage

New Ulm Public Utilities

Up to
$500
Electric

Ducted Cold Climate Air Source Heat Pump

Rebate range
$125-250
Minimum efficiency

15.5 SEER
8.5 HSPF

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$250-500
Minimum efficiency

15.5 SEER
10 HSPF
COP at 5°F ≥ 1.75

Ducted/ductless Air Source Heat Pump

Rebate range
$125-$1,800
Minimum efficiency

15.5 SEER
8.5 HSPF

Ducted/ductless Cold Climate Air Source Heat Pump

Rebate range
$250-$2,200
Minimum efficiency

15.5 SEER
10 HSPF

Ducted Air Source Heat Pump Tune up

Rebate range
$40
Rebate webpage

Nobles Cooperative Electric

Up to
$800
Electric
Generation and Transmission Utility
Great River Energy

Ductless Air Source Heat Pump

Rebate range
$150-1,000
Minimum efficiency

Minimum efficiency not listed.

Ducted Air Source Heat Pump

Rebate range
$500-$800
Minimum efficiency

8.2 HSPF

Rebate webpage

North Branch Municipal Water and Light

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

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

Rebate webpage

North Itasca Electric Cooperative Incorporated

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

Ducted Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

15 SEER2

Ductless Air Source Heat Pump, Delivered Fuels Back-Up

Rebate range
$300
Minimum efficiency

SEER2: 14.3

Ductless Air Source Heat Pump, All-Electric

Rebate range
$500
Minimum efficiency

SEER2: 14.3

Rebate webpage

North Star Electric Cooperative

Up to
$650
Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$450/ton
Minimum efficiency

SEER2: <16.2

Ducted Air Source Heat Pump

Rebate range
$750/ton
Minimum efficiency

SEER2: >16.2

Ductless Air Source Heat Pump

Rebate range
$450/ton
Minimum efficiency

SEER2: <16.2

Ductless Air Source Heat Pump

Rebate range
$750/ton
Minimum efficiency

SEER2: >16.2

Rebate webpage

Northwestern Wisconsin Electric

Up to
$1,000
Electric

Ducted Air Source Heat Pump

Rebate range
$100-600
Minimum efficiency

15.2 SEER2 
8.1 HSPF2

Ducted Air Source Heat Pump

Rebate range
$700
Minimum efficiency

15.2 SEER2 
8.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$150-$800
Minimum efficiency

16 SEER2
9.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$150-$900
Minimum efficiency

16 SEER2
10.5 HSPF2
 

Rebate webpage

Ortonville Water and Light

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

Otter Tail Power

Up to
$1,040
Electric

Ducted Cold Climate Air Source Heat Pump

Rebate range
$800-$1,040/ton
Minimum efficiency

SEER2: 16
HSPF2: 8

Ductless Cold Climate Air Source Heat Pump

Rebate range
$600-840/ton
Minimum efficiency

SEER2: 16
HSPF2: 8

Ducted Air Source Heat Pump

Rebate range
$300-$500/ton
Minimum efficiency

14.3 SEER2 
7.5 HSPF2
 

Ductless Air Source Heat Pump

Rebate range
$300-500/ton
Minimum efficiency

14.3 SEER2 
7.5 HSPF2
 

Electric Panel Upgrade Rebate

Rebate range
Up to $2,000
Minimum efficiency
  • Receive up to $2,000 for panel upgrades when installing off-peak service and connecting approved technologies for load control programs, including dual fuel, residential demand control, and more. 
Rebate webpage