Xcel Energy Heat Pump Rebate

Xcel Energy Minnesota

Available Weatherization

About This Program

Rebates for installing qualifying electric air-source or ground-source heat pumps. Stackable with federal tax credits. Available to Xcel electric customers in Faribault for primary heating systems.

Rebate amount based on heat pump type and efficiency rating

Official program page checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Rebate up to $2,500 for qualifying heat pumps
  • Air-source and ground-source heat pumps eligible
  • Must meet minimum efficiency standards
  • Stackable with federal 30% tax credit
  • Must use approved contractor

How to Apply

Get free help applying Visit Official Program Page Track this program

(800) 895-4999

A grant-savvy contractor in Faribault, MN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

This grant requires a licensed contractor

This grant requires the work to be done by a licensed contractor, and you will likely need a written estimate to apply. Get a free estimate from a contractor in Faribault who knows grant paperwork.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

Xcel Energy pays a rebate when you install a qualifying high efficiency electric heat pump, and the rebate amount depends on the equipment and your state (the largest programs are in Colorado and Minnesota). You apply through Xcel Energy's online Digital Application portal (your contractor can also submit it for you), and Xcel pays you by check or your contractor applies the credit to your invoice.

Steps to apply

  1. Confirm your new heat pump qualifies for an Xcel Energy rebate in your state and keep the paid contractor invoice plus the equipment specification sheet or AHRI certificate.
  2. Go to xcelenergy.com/digital_application and start the Digital Application (about six sections, roughly 14 minutes).
  3. Enter your Xcel Energy account information and the installed equipment details.
  4. Attach your paid invoice and the equipment specification documents, then submit online.
  5. Check the box to have a copy emailed to you, since the print and download option is no longer offered, and wait for the rebate check or invoice credit.
Get the official form

Documents you will likely need

  • Xcel Energy account number
  • Paid contractor invoice showing the installed heat pump and total cost
  • Equipment specification sheet or AHRI certificate showing model and efficiency rating
  • Installation date and installer or contractor information
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Year-round

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