Xcel Energy rebates

Xcel Energy is a electric service provider based in Minneapolis, Minnesota. Its service territory comes from the state's official utility map (MnGeo, updated January 2026).

Official contacts

Website:: www.xcelenergy.com
Phone:: (612) 330-5500
Address:: 414 Nicollet Mall, Minneapolis, MN

Current residential rebates

Cold-climate air-source heat pump$1,100–$2,000

$2,000 cold-climate ASHP for combo (Xcel electric + gas) or gas-heating customers. Electric-only customers: $1,100–$1,500 by efficiency tier. Standard ASHP tiers start at $150.

Official source · verified 2026-07-06

Ductless mini-split heat pump$1,600–$2,000

$1,600 standard mini-split; $2,000 cold-climate mini-split. Paid per outdoor unit; must heat and cool.

Official source · verified 2026-07-06

Ground-source (geothermal) heat pump$500–$500 per ton

$500 per heating ton.

Official source · verified 2026-07-06

Heat pump water heater$400–$500

$400 standard; $500 if demand-management enabled (CTA-2045). Apply by September 30 of the year after installation.

Official source · verified 2026-07-06

Insulation and air sealingamount varies

Rebate is a percentage of project cost — confirm current percentage and cap on the official page. Doing this FIRST earns a $600 bonus on a later Xcel heat pump rebate.

Official source · verified 2026-07-06

Insulation-first heat pump bonusup to $600

$600 bonus on a heat pump rebate when you complete qualifying insulation/air sealing first.

Official source · verified 2026-07-06

High-efficiency gas furnaceamount varies

Amount varies — confirm on the official page.

Official source · verified 2026-07-06

High-efficiency central A/Camount varies

Amount varies by SEER2 tier — confirm on the official page.

Official source · verified 2026-07-06

What stacks on top

Utility rebates are only one layer. Minnesota's pending Save Energy Minnesota program (HEAR/HOMES, up to $14,000 for income-qualified households) will stack on top of utility rebates when it launches — see the live status page. Some cities add their own match. Get the full picture for your household with the rebate checker.

Verify before you sign. Rebate amounts are set by the utility and can change or run out. Confirm on Xcel Energy's official page, and if anyone contacts you first about "free" rebate money, read the scam shield before responding.