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.
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 COP at 5°F ≥ 1.75 Capacity maintenance: ≥ 70% at 5°F/47°F
Ducted (electric/natural gas or 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 COP at 5°F ≥ 1.75 Capacity maintenance: ≥ 70% at 5°F/47°F
Ductless Air Source Heat Pump
Rebate range
$1,600
Minimum efficiency
15.2 SEER2 8.5 HSPF2 9.3 EER2
Ductless Air Source Heat Pump (Cold Climate)
Rebate range
$2,000
Minimum efficiency
16 SEER2 9.5 HSPF2 9 EER2
Insulation Rebate Bonus
Rebate range
$600
Minimum efficiency
Install qualifying insulation and air sealing measures, and a Xcel Energy rebate-qualifying heat pump within two years, to get a $600 bonus rebate automatically.