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

Bagley Public Utilities

Generation and Transmission Utility
Northern Municipal Power Agency

Ducted Air Source Heat Pump

Rebate range
$450/ton
Minimum efficiency

<16.2 SEER2

Ducted Air Source Heat Pump

Rebate range
$750/ton
Minimum efficiency

> 16.2 SEER2

Ductless Air Source Heat Pump

Rebate range
$450/ton
Minimum efficiency

<16.2 SEER2

Ductless Air Source Heat Pump

Rebate range
$750/ton
Minimum efficiency

>16.2 SEER2

Rebate webpage

Barnesville Municipal Electric

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

Ducted Air Source Heat Pump

Rebate range
$150-$850
Minimum efficiency

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

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$350-$1,150
Minimum efficiency

15.2 SEER2
8.1 HSPF2
Capacity maintenance: ≥ 70% at 5°F or that at 47°F  



 

Ductless Air Source Heat Pump

Rebate range
$250-$300
Minimum efficiency

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

Ductless Air Source Heat Pump (Cold Climate)

Rebate range
$400
Minimum efficiency

15.2 SEER2
8.5 HSPF2
Capacity maintenance: ≥ 70% at 5°F or that at 47°F

Rebate webpage

Beltrami Electric Cooperative Incorporated

Electric
Generation and Transmission Utility
Minnkota Power Cooperative

Ducted Air Source Heat Pump

Rebate range
$300/ton
Minimum efficiency

<17 SEER

Ducted Air Source Heat Pump

Rebate range
$600/ton
Minimum efficiency

>17 SEER

Ductless Air Source Heat Pump

Rebate range
$300/ton
Minimum efficiency

<17 SEER

Ductless Air Source Heat Pump

Rebate range
$600/ton
Minimum efficiency

>17 SEER

Rebate webpage

BENCO Electric Cooperative

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

Ducted Air Source Heat Pump

Rebate range
$1000
Minimum efficiency

15 SEER2
8.5 HSPF2

Ductless Air Source Heat Pump

Rebate range
$500
Minimum efficiency

Minimum efficiency not listed.

Rebate webpage

Benson Municipal 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

15.2 SEER2
8.1 HSPF2

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

Biwabik Public Utilities

At this time, there are no available rebate offers.

Rebate webpage

Blooming Prairie Public Utilities

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

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

Rebate range
$1,500
Minimum efficiency

SEER2: 16.2
HSPF2: 7.8
SEER: 17
HSPF: 9.2

Ducted or Ductless Mini-Split Air Source Heat Pump

Rebate range
Up to $2,200
Minimum efficiency

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

Ducted Air Source Heat Pump Tune up

Rebate range
Up to $60
Minimum efficiency

SEER2: N/A
 

Rebate webpage

Blue Earth Light and Water Department

At this time, there are no available rebate offers.

Brainerd Public Utilities

Ducted Air Source Heat Pump

Rebate range
$250/unit
Minimum efficiency

15 SEER2
8.5 HSPF2

Ductless Air Source Heat Pump

Rebate range
$250/unit
Minimum efficiency

16 SEER2

Rebate webpage

Breckenridge Public Utilities

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

15.2 SEER2
8.1 HSPF2

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