Minnesota Rebate Calculator 2026: What Your Utilities Pay for Your Home
Tell us which companies send your bills and see the rebates that fit your home, with a source for every number.
Short answer: Minnesota rebates come from your gas and electric companies. CenterPoint pays $1,100 for a hybrid heat pump, Minnesota Power pays $1,000 for a cold-climate heat pump, Rochester Public Utilities pays up to $2,200, Xcel Energy pays up to $3,000 for insulation, and Minneapolis adds up to $5,000. The state's federal rebates have not launched, so they are not counted.
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How we work it out
- Every amount comes from the program's own page, linked on each result.
- We count only programs that are open today. Programs that start later or have a waitlist are listed but not added.
- Your answers stay in your browser. We only get your email if you ask us to notify you.
- Nobody pays to be included, and installers cannot change what you see.
Every Minnesota program in this calculator
| Program | Amount | Rules |
|---|---|---|
| Xcel Energy cold-climate heat pump | Likely $1,500 to $2,000 (confirm on your quote) | Xcel's live page shows no amount. Its 2024 to 2026 rebate sheet lists $2,000 with Xcel gas and $1,500 with Xcel electric only. Participating contractor. Work invoiced by December 31, 2026. Source (check, verified 2026-10-06) |
| CenterPoint hybrid heat pump | Up to $1,100 | Ducted heat pump added to a home with a gas furnace rated 92 percent or better. $400 in new construction. Source (active, verified 2026-10-06) |
| Minnesota Power cold-climate heat pump | Up to $1,000 | $1,000 for a cold-climate ducted or ductless system, $400 for a standard one. Participating contractor. Source (active, verified 2026-10-06) |
| Rochester Public Utilities heat pump | Up to $2,200 | Up to $2,200 for a large cold-climate unit that replaces working electric heat. $100 to $200 when replacing gas. Not more than half of the equipment cost. Source (active, verified 2026-10-06) |
| Minneapolis Green Cost Share | Up to $5,000 | Up to $5,000 for all projects together, or up to $14,000 in a Green Zone. Single-family homes and buildings of up to four units inside Minneapolis. Source (active, verified 2026-10-06) |
| Xcel Energy electric panel upgrade | Up to $1,500 | Covers the full project cost up to $1,500. The new panel must have more amps than the old one. Source (active, verified 2026-10-06) |
| Xcel Energy heat pump water heater | Up to $500 | $400, or $500 for a smart model that can join demand management. Not for units over 80 gallons. Source (active, verified 2026-10-06) |
| Xcel Energy gas water heater | Up to $250 | $75 for a tank, $250 for a tankless unit. Source (active, verified 2026-10-06) |
| CenterPoint gas water heater | Up to $1,000 | Tank $250, tankless $500, combination unit $1,000, indirect tank $200. Source (active, verified 2026-10-06) |
| Minnesota Power heat pump water heater | Up to $300 | ENERGY STAR certified model bought in 2026. Source (active, verified 2026-10-06) |
| Rochester Public Utilities heat pump water heater | Up to $400 | 20 to 55 gallon ENERGY STAR model. Not more than half of the cost. Source (active, verified 2026-10-06) |
| Xcel Energy insulation and air sealing | Up to $3,000 | 40 percent of cost: air sealing up to $600, attic up to $1,200, walls up to $1,200. Participating contractor and blower door tests. Source (active, verified 2026-10-06) |
| CenterPoint air sealing and insulation | Up to $3,000 | Air sealing $750, with attic insulation $1,300, wall insulation $1,500, rim joist $200 as an add-on. Insulation alone earns nothing. Source (active, verified 2026-10-06) |
| Xcel Energy smart thermostat | Likely $50 (confirm) | For electric customers with central air conditioning. Xcel's page shows no amount, so we do not count it. Source (check, verified 2026-10-06) |
| CenterPoint thermostat | Up to $50 | $50 for a smart or Wi-Fi model, $10 for a basic programmable one. Source (active, verified 2026-10-06) |
| Minnesota Power smart thermostat | Up to $50 | Low-voltage Wi-Fi model where electricity is the main heat. Source (active, verified 2026-10-06) |
| Rochester Public Utilities smart thermostat | Up to $100 | Half the price, up to $100 with electric heat, $50 with a heat pump, $10 with gas. Source (active, verified 2026-10-06) |
Common questions
Which rebates does the calculator add up?
Only rebates that are open and that we confirmed on the program's own page. Xcel's heat pump and thermostat amounts are shown but not counted, because we could not confirm them on a current page.
Why does it ask who sends my gas and electric bills?
Minnesota has no single statewide utility rebate. Each company has its own program, and some pay for different things, so the same upgrade can earn money from two companies.
Is the state HOMES or HEAR rebate included?
No. The state says that program has not launched and has no launch date.
Are federal tax credits included?
No. We could not confirm that any federal home credit is open for 2026 installs.
Next: Minnesota rebate guide · Top-rated installers by city · Recent rebate changes
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