Xcel Energy (Electric and Gas) - Residential Energy Efficiency Rebate Program

April 11, 2023


This program is available only to Minnesota residents who take both electric and natural gas service from Xcel Energy. The rebate amount will then depend on the measures chosen.

More information, including specific equipment requirements, a list of participating contractors, and application materials are available on the program web site

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Minnesota
Incentive Type: Rebate Program
Web Site: https://www.xcelenergy.com/programs_and_rebates/residential_programs_and_rebates
Administrator: Xcel Energy
Start Date:
Eligible Renewable/Other Technologies:
  • Geothermal Heat Pumps
  • Water Heaters
  • Furnaces
  • Boilers
  • Heat pumps
  • Duct/Air sealing
  • Insulation
  • LED Lighting
  • Tankless Water Heater
  • HVAC
Incentive Amount: Insulation
Air Sealing: 30% up to $150
Attic Insulation: 30% up to $350
Wall Insulation: 30% up to $300
*Cooling Only Customers*
Air Sealing: 30% up to $15
Attic Insulation: 30% up to $60
Wall Insulation: 30% up to $25

Heating and Cooling
Natural Gas Furnace: up to $400, see website for conditions.
Natural Gas Hot Water Boiler: up to $400, see website for conditions.
Ground Source Heat Pump: $500/ton
Mini-Split Heat Pump: up to $600
Water Heater: $75
Tankless Water Heater: $250


Name: Xcel Energy Minnesota
Organization: Xcel Energy
Address: 414 Nicollet Mall
Minneapolis MN 55401-1993
Phone: (800) 895-4999

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.