Heat Pump Water Heater Rebate

$300 Rebate on ENERGY STAR® Certified* Heat Pump Water Heater

Available on purchases made Jan. 1 – Dec. 31, 2024

*Must be replacing an electric water heater or installing in new construction

Rebate Form | Participating Retailers | Participating Utilities

3 Ways to Receive Your $300 Rebate on a Heat Pump Water Heater:

    Click here to apply for your rebate through our easy online form!
    Complete a paper rebate form (download here) and mail it to the address on the form.
    Pick up a paper rebate form at a participating retailer while shopping for an eligible heat pump water heater in person.

Important Notes:

  • You must be a customer of a participating utility.
  • Include a copy of the sales receipt on the rebate form.
  • Expect your rebate check in 8–10 weeks. If you enter a valid email address on your rebate application, additional payment options will be available (including both digital and physical prepaid cards.)
  • For questions about the status of your rebate, please call 1-855-669-8196.
  • Offer valid on purchases made January 1, 2024 – December 31, 2024. Offer expires 12/31/2024.
  • If submitted via mail, rebate request must be postmarked no later than January 15, 2025. Late submissions will not be accepted.
  • Valid only on select qualified appliances (reconditioned or resale equipment is not eligible).
  • Qualifying appliances must be installed within the service area of Minnesota Power or a participating municipal utility.
  • This rebate offer cannot be combined with another offer from Minnesota Power and/or participating municipal utilities.
  • Actual rebate amount may vary- visit for current promotional rebates.
  • Minnesota Power does not warrant the performance of installed equipment expressly or implicitly. Offer subject to change without prior notice. Any other use constitutes fraud.
  • One rebate per product purchased.
  • Minnesota Power is not responsible for lost, late, or undelivered responses.
  • Fraudulent submissions could result in federal prosecution.
  • Rebate cannot exceed purchase price of the product and rebate has no cash value.
  • Please retain a copy of submitted documents for your records.
  • Commercial customers must include a copy of their W9 with this rebate application.
  • By applying, you understand that we may contact you with matters relating to your rebate.

Benefits of Heat Pump Water Heaters

  • Because these water heaters aren’t creating heat, but moving it, they can be two to three times more energy efficient than conventional electric resistance water heaters
  • Although more expensive to purchase than a conventional electric water heater, they provide significant savings over time. The savings will pay back the difference in upfront costs typically in 2-5 years
  • Heat pump water heaters can reduce your electric water heating costs by more than 50%
  • Quiet operation

For even more information on what to consider when purchasing a heat pump water heater, visit the ENERGY STAR® Heat Pump Water Heater Web page.

How Does It Work

Heat pump water heaters use electricity to remove heat from the surrounding air and transfer it to the water in the tank. The concept of moving heat rather than creating it can be realized in other recognizable technologies like refrigerators and geothermal systems (Ground Source Heat Pumps).

As HPWHs remove heat from the air, they also provide dehumidification to the surrounding area. These systems would be ideal for moist areas that could benefit from moisture being removed from the air. Additional ideal locations would be laundry rooms or mechanical rooms that tend to produce unneeded heat.

* Minnesota Power and participating municipal utilities, by providing this rebate, do not warrant the equipment or the work of the plumber and are not responsible for any personal injury or damage caused by the equipment. The sponsoring utilities reserve the right to withdraw the offer without notice. Rebate is subject to contractor meeting performance standards.

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