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

Electric
Generation and Transmission Utility
Northern Municipal Power Agency

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

Rebate webpage

Hawley Public Utilities

Up to
$650
Electric
Generation and Transmission Utility
Northern Municipal Power Agency

Ducted Air Source Heat Pump

Rebate range
$1450/ton

Ducted Air Source Heat Pump

Rebate range
$650/ton
Minimum efficiency

17 SEER

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

Heartland Power Cooperative

Electric

Ducted Air Source Heat Pump

Rebate range
$200/ton
Minimum efficiency

SEER2: 14.3
HSPF2: 7.5
SEER: 15
HSPF: 7.8

Ductless Air Source Heat Pump

Rebate range
$200/ton
Minimum efficiency

SEER2: 14.3
HSPF2: 7.5
SEER: 15
HSPF: 7.8

Rebate webpage

Hibbing Public Utility

Electric

At this time, there are no available rebate offers.

Rebate webpage

Hutchinson Utilities

Up to
$1,100
Electric
Generation and Transmission Utility
Missouri River 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
Minimum COP at 5°F: ≥ 70% at 5°F or that at 47°F
 

Ductless Air Source Heat Pump

Rebate range
$250-$300
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
Minimum COP at 5°F: ≥ 70% at 5°F or that at 47°F

Rebate webpage

Iowa Lakes Electric Cooperative

Up to
$300
Electric

Ductless Air Source Heat Pump

Rebate range
$500/ton
Minimum efficiency

SEER2: 14.3
SEER: 15

Ducted Air Source Heat Pump

Rebate range
$500/ton
Minimum efficiency

SEER2: 14.3
SEER: 15

Ducted Air Source Heat Pump, gas backup with load control

Rebate range
$650/ton
Minimum efficiency

SEER2: 14.3
SEER: 15

Rebate webpage

Itasca Mantrap Cooperative Electric Association

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

Ductless Air Source Heat Pump

Rebate range
$300
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$750
Minimum efficiency

14.3 SEER2
7.5 HSPF2

Ducted Air Source Heat Pump

Rebate range
$1000
Minimum efficiency

SEER2: 16
HSPF2: 8

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

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

Ductless Air Source Heat Pump

Rebate range
$50-750
Minimum efficiency

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

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