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

Owatonna Public 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

Ducted or Ductless Mini-Split Air Source Heat Pump

Rebate range
Up to $2,200
Minimum efficiency

16.2 SEER2
HSPF2 Varies
Minimum COP at 5°F: 1.75

Air Source Heat Pump Tune up

Rebate range
Up to $60
Rebate webpage

Peoples Cooperative Power Association

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

PKM Electric Cooperative

Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ductless Air Source Heat Pump

Rebate range
$300/ton-$500/ton
Minimum efficiency

17 SEER

Ducted Air Source Heat Pump

Rebate range
$300/ton-$500/ton
Minimum efficiency

17 SEER 

Rebate webpage

Preston Public 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
Minimum COP at 5°FL 1.75

Air Source Heat Pump Tune up

Rebate range
Up to $60

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

Rebate range
$1,500
Minimum efficiency

SEER2: 16.2
HSPF2: Varies
SEER: 17
HSPF: Varies
Minimum COP at 5°F: 1.75

Air Source Heat Pump Tune up

Rebate range
Up to $60
Rebate webpage

Princeton Public 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

Rebate webpage

Proctor Public Utilities

Electric

At this time, there are no available rebate offers.

Rebate webpage

Randall Municipal Utilities

Electric

At this time, there are no available rebate offers.

Rebate webpage

Red Lake Electric Cooperative Incorporated

Up to
$600
Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$300/ton
Minimum efficiency

SEER2: <16.1

Ducted Air Source Heat Pump

Rebate range
$600/ton
Minimum efficiency

SEER2: >16.2

Ductless Air Source Heat Pump

Rebate range
$600/ton
Minimum efficiency

SEER2: <16.1

Ductless Air Source Heat Pump

Rebate range
$300/ton
Minimum efficiency

SEER2: >16.2

Rebate webpage

Red River Valley Cooperative Power Association

Up to
$500
Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$500/ton
Minimum efficiency

16 SEER

Ductless Air Source Heat Pump

Rebate range
$500/ton
Minimum efficiency

16 SEER
 

Rebate webpage

Redwood Electric Cooperative

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

Ducted Air Source Heat Pump

Rebate range
$600
Minimum efficiency

SEER2: 14.3
HSPF2: 7.5

Ducted Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

SEER2: 15.2
HSPF2: 8.1

Ductless Air Source Heat Pump

Rebate range
$600
Minimum efficiency

SEER2: Energy Star

Rebate webpage