Updated for 2026 Section 25C Federal Tax Credits
Save Up To $2800 On Heat Pump Water Heaters in Minneapolis, Minnesota
Combine Xcel Energy Minnesota local utility rebates ($800) with federal IRA tax credits ($2,000) to upgrade your home.
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Find Local Installers & Calculate Rebates Verified Energy ROI Model for Minneapolis
10-Year Total Cost Breakdown
HEAT PUMP WATER HEATER$2,068$167/yr operating
GAS TANKLESS$5,355$206/yr operating
ESTIMATED 10-YEAR NET SAVINGS WITH HEAT PUMP$3,287
Popular Top-Rated Units in Minneapolis
Rheem ProTerra Hybrid 50-Gal
3.88 UEF Efficiency rating. Ideal for basements and garages in Minnesota.
AO Smith Voltex AL Smart 50-Gal
Quiet operation with leak protection. Qualifies for full $800 rebate.