Cities / Minnesota / Minneapolis
Heat Pump Cost in Minneapolis, MN (2026)
A 3-ton heat pump, installed, before rebates
$7,450to$19,250
From a public baseline. How prices are made.
The low and the high are the spread of equipment and labor in the public baseline for a 3-ton heat pump in 2026.
Minnesota Rebates in 2026
Enrollment for 2026 is open. Open for the 2024–2026 rebate cycle. Applications must be postmarked no later than September 30 of the year following installation of qualified equipment.
Xcel Energy Minnesota pays $1,600 on a ducted heat pump at 15.2 SEER2, 9.6 EER2, 7.8 HSPF2 with Quality Installation, Combo or Natural Gas Only customers. After the rebate the typical price for a 3-ton heat pump is $11,750. Checked October 22, 2026. How to apply.
| Equipment | Minimum efficiency | Rebate |
|---|---|---|
| Ducted air-source heat pump | 15.2 SEER2, 9.6 EER2, 7.8 HSPF2 with Quality Installation; Combo or Natural Gas Only customers | $1,600 per system |
| Ducted air-source heat pump | 15.2 SEER2, 9.6 EER2, 7.8 HSPF2 with Quality Installation; Electric Only customers | $1,100 per system |
| Ducted cold-climate heat pump | 15.2 SEER2, 10.0 EER2, 8.1 HSPF2 with Quality Installation; Combo or Natural Gas Only customers | $2,000 per system |
| Ducted cold-climate heat pump | 15.2 SEER2, 10.0 EER2, 8.1 HSPF2 with Quality Installation; Electric Only customers | $1,500 per system |
| Ground-source heat pump | 16 EER2 and 3.3 COP with Quality Installation | $500 per heating ton |
| Heat-pump bonus | Qualifying insulation and air sealing followed by a qualifying heat pump within two years | $600 per project |
Every Program a Minneapolis Homeowner Can Use
- Federal 25C credit gives no credit for a 2026 install. Ended.
- MN Residential HVAC Rebates pays up to $2,000 per system. Open now.
What It Costs
All 7 systems, low to high
| System | Low | Typical | High | Range drawn |
|---|---|---|---|---|
| Heat pump, ducted | ||||
| 2-ton heat pump 15 SEER | $6,500 | $11,750 | $17,000 | |
| 3-ton heat pump 15 SEER | $7,450 | $13,350 | $19,250 | |
| 4-ton heat pump 15 SEER | $8,400 | $14,950 | $21,500 | |
| 5-ton heat pump 15 SEER | $9,400 | $16,550 | $23,700 | |
| Other systems | ||||
| Central AC only, 3 ton 16 SEER | $4,150 | $6,900 | $9,700 | |
| Gas furnace only, 80,000 BTU 95% AFUE | $3,750 | $4,050 | $4,800 | |
| Mini-split, one zone, 12,000 BTU 20 SEER | $4,500 | $7,500 | $10,500 | |
Sources today: public baseline: NREL National Residential Efficiency Measures Database, 2024 release (read via hvacbase.org, 2026-10-19). Two more sources join as they arrive: Verified contractor ranges and homeowner-reported quotes. 2023 dollars, national. No metro factor is applied in this version. This city publishes no machine-readable permit feed, so no permit facts print. How prices are made.
Common Questions
How much does a 3-ton heat pump cost installed in Minneapolis?
The installed range is $7,450 to $19,250, with a typical price of $13,350. This is the national public baseline in 2023 dollars. After the rebate the typical price for a 3-ton heat pump is $11,750.
What does the Xcel Energy Minnesota heat pump rebate pay in 2026?
$1,600 per ducted heat pump at 15.2 SEER2, 9.6 EER2, 7.8 HSPF2 with Quality Installation, Combo or Natural Gas Only customers, through MN Residential HVAC Rebates. A central AC at 13.4 SEER2 with Quality Installation gets $150. Open for the 2024–2026 rebate cycle. Applications must be postmarked no later than September 30 of the year following installation of qualified equipment.
Is the federal heat pump tax credit still available?
The IRS allows the credit for property placed in service before December 31, 2025. A heat pump installed in 2026 gets no federal credit. The utility rebate is the money on the table in 2026.
What do the other systems cost in Minneapolis?
A gas furnace runs $3,750 to $4,800, typical $4,050. A 3-ton central air conditioner runs $4,150 to $9,700, typical $6,900. A one-zone mini-split runs $4,500 to $10,500, typical $7,500. Each range is installed, before rebates.
What size and efficiency does the heat pump range assume?
The range is for the table row "3-ton heat pump" at 15 SEER. The table on this page lists 7 systems from low to high, each with its own size and efficiency.
Contractors in Minneapolis
A Verified contractor is one that published its terms here.
Range quarter 2026-Q4, updated October 22, 2026. Last change: First pages: furnace, AC and heat pump ranges from the public baseline, and the state programs read from each provider. Changelog. Source page: https://hvacvisit.com/minnesota/minneapolis/heat-pump-cost. Cite a range with a link to the page it is on. Do not republish a page, a table or a dataset in full.