Incentives & Financing
Explore available utility, local, and federal incentives to help reduce the cost of your next HVAC project.
Utility rebates
There are a variety of rebate opportunities for dual fuel heat pump RTUs and energy recovery ventilators offered by utility companies across Minnesota. Most programs provide custom incentives to help businesses save on energy efficiency installation upgrades.
CenterPoint Energy offers custom rebates for dual fuel heat pump RTUs. Customers can connect with their CenterPoint Energy account manager or learn more on their website.
CenterPoint Energy provides prescriptive rebates of $0.50 per CFM outdoor air for energy recovery ventilators (ERVs) with a minimum of 50% effectiveness and a maximum of 20,000 CFM.
Minnesota Energy Resources offers prescriptive rebates of $0.50 per CFM outdoor air for energy recovery ventilators (ERVs) with a minimum of 65% effectiveness up to $500.
Find detailed ERV requirements and rebate information on their website.
Minnesota Power offers custom rebates. Customers can find more details about eligibility and incentives on their website.
Otter Tail Power Company offers custom rebates. Customers can contact an Energy Management Representative or find more information on their website.
Xcel Energy offers prescriptive rebates for dual fuel heat pump RTUs. Learn about requirements and additional information on their website.
Xcel Energy offers prescriptive rebates for energy recovery ventilators with a minimum of 60% effectiveness. Rebates are $1 per CFM in cooling and $1 per CFM in heating.
Xcel Energy customers may also be eligible for free HVAC assessments and rebates through Center for Energy and Environment’s One-Stop Efficiency Shop. More information can be found on their website.
Federal incentives
The federal government offers incentives for energy efficient upgrades to commercial buildings, like HVAC systems. This deduction can help reduce the upfront costs of making your building more energy efficient. Please note many of these programs are set to expire at the end of 2024 and we recommend revisiting the page for updated information as new policies may emerge.
Additional tax incentives may be available through the 179-d tax credit. For more information, visit the IRS webpage on Energy efficient commercial buildings deduction.