Minnesota Heat Pump Rebate Calculator
Estimate your Minnesota heat pump rebate range through Xcel Energy (Minnesota). Use this guide to understand the key factors and check the official source for exact current amounts.
How much is the Minnesota heat pump rebate?
Xcel Energy Minnesota (2026, from MNASHP 2026 Utility Rebate List): Ducted cold-climate ASHP for gas customers — $2,000 (≥15.2 SEER2, ≥8.1 HSPF2, ≥10.0 EER2, ≥1.75 COP at 5°F). Standard ducted ASHP for gas customers — $1,600 (≥15.2 SEER2, ≥7.8 HSPF2, ≥9.6 EER2). Cold-climate ductless mini-split — $2,000 (≥16.0 SEER2, ≥9.5 HSPF2). Standard ductless — $1,600 (≥15.2 SEER2, ≥8.5 HSPF2, ≥9.3 EER2). Electric-only customers (no Xcel gas service): ducted standard $500, ducted cold-climate $900. 'Gas customers' means Xcel provides both electric and gas service, or natural gas-only customers switching to heat pump. Cold-climate tier requires ≥70% rated heating capacity at 5°F vs 47°F.
Gas customers (those replacing gas heat or with Xcel gas service) qualify for the highest tier — $2,000 cold-climate vs $900 for electric-only customers.
Cold-climate tier requires specific low-temperature performance ratings — verify your equipment on the MNASHP qualifying product list.
Xcel Energy serves Minneapolis, St. Paul, and most of the Twin Cities metro, plus Rochester, Duluth (partial), and other MN communities.
Rebate amounts from MNASHP 2026 Utility Rebate List — verify current amounts at my.xcelenergy.com before purchasing.
Not a guarantee of eligibility. Verify current amounts with your utility or Xcel Energy (Minnesota).
Check Xcel Energy (Minnesota) official siteKey factors that determine your Minnesota rebate
See a fully interactive rebate calculator
Heat pump rebate calculators show how fuel type, utility, and system size interact to affect rebate amounts. The same logic — fuel type, utility tier, system size, income — applies across programs including Xcel Energy (Minnesota) in Minnesota.
View Minnesota HVAC rebates