Xcel Energy heat pump rebate
Verified 2026-07-06 against Xcel Energy's official program page.
$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 Xcel Energy source · verified 2026-07-06
$600 bonus on a heat pump rebate when you complete qualifying insulation/air sealing first.
Official Xcel Energy source · verified 2026-07-06
$500 per heating ton.
Official Xcel Energy source · verified 2026-07-06
What stacks on top for Xcel Energy customers
HEAR is planned to cover up to $8,000 of a heat pump for income-qualified households, with Minnesota's own up-to-$4,000 rebate stacking on top.
Save Energy MN has not launched and its amounts are provisional. HEAR cannot pay retroactively; timing the project matters if your household is income-qualified. Published planned caps for this measure: HEAR up to $8,000; Minnesota Residential Heat Pump Rebate up to $4,000.
Sequencing matters here more than anywhere: Xcel pays a $600 bonus if you insulate before the heat pump, and Minnesota's planned $4,000 state heat pump rebate requires receiving the HEAR rebate first plus an energy audit within 18 months. If you're income-qualified and your current system still runs, the waiting math is real.
Get the full stack for your household
The rebate checker combines Xcel Energy's rebates with city matches, state programs, and income-based tiers for your specific situation. Statewide comparison: all Minnesota heat pump rebates.
Get a heat pump estimate from a contractor who knows the rebates
Free to you — one licensed Minnesota contractor gets your request and quotes the project with the rebate stack applied. Participating contractors pay to receive estimate requests; that never changes your price.
Get one email the day the $14,000 rebates launch
Save Energy Minnesota has no launch date, and starting work early can forfeit the money — HEAR can't pay retroactively, and the state can't guarantee earlier HOMES projects will qualify. We watch the Commerce page so you don't have to — you'll know the day it goes live, with your tier and the official link. We never sell your email.