Top Discounts Minnesota Homeowners Are Missing Out On Right Now

Introduction:

Are you a Homeowners Insurance in Minnesota looking to cut costs without compromising your lifestyle? You're not alone. With inflation and rising property taxes, many homeowners across the state are searching for hidden savings—but here’s the catch: most are missing out on thousands in available discounts simply because they don’t know where to look.

In this article, we’re uncovering the top 7 homeowner discounts Minnesota residents are missing out on right now. Whether you’re a new homeowner or you’ve been in your house for decades, these insider savings tips could put serious cash back in your pocket. Let’s dive into these overlooked opportunities and help you start saving today.

 Top 7 Discounts Minnesota Homeowners Are Missing Out On Right Now

1. Homestead Property Tax Exclusion (Save up to $304/year!)

Did you know? Minnesota offers a Homestead Market Value Exclusion for homeowners using their property as a primary residence. This program can reduce the taxable market value of your home by up to $30,400—translating to hundreds in annual savings on your property taxes.

Eligibility: Home must be your primary residence
Deadline to apply: December 31st of the year you move in
Average savings: $290–$304/year

Pro Tip: Check your county’s website for forms or verify if your home is already registered for the exclusion.

2. Minnesota Energy Rebates (Up to $2,000 in savings!)

Minnesota offers generous energy efficiency rebates through programs like Xcel Energy and CenterPoint Energy. If you’ve upgraded to energy-efficient HVAC systems, insulation, or smart thermostats, you could be leaving serious money on the table.

What’s covered?

• Smart thermostats: up to $125

• Insulation & air sealing: up to $1,500

• ENERGY STAR appliances: up to $200 per item

Where to apply: Visit your energy provider’s rebate center online
Potential savings: $500–$2,000 per home

FAQ: Do I need to hire a professional installer?
Yes, many rebates require professional installation to qualify—so keep your receipts and documentation.

3. Homeowner’s Insurance Bundling Discounts (Save 15–30%)

Many Minnesota homeowners don’t realize that bundling auto and home insurance with the same provider can save them up to 30% annually.

Example: If your homeowner’s premium is $1,200/year and your auto is $1,000, bundling could save $660/year.

Insider Tip: Always compare quotes every 12 months. Even long-time customers can benefit from switching providers or renegotiating rates.

4. Storm Damage & Hail Repair Discounts (Often Covered 100%)

With Minnesota’s unpredictable weather, hail and storm damage are common—but many homeowners don’t file claims for minor damage because they’re unaware it’s covered. Some roofing and siding companies offer deductible assistance programs or even free inspections.

Common discounts:

• Free inspections

• Deductible reimbursement up to $1,000

• Reduced rates for group neighborhoods (bulk repairs)

When to act: Within 1–2 years of the storm event
Pro Tip: Request a drone inspection—more accurate and often free

5. First-Time Homebuyer Programs That Keep Paying Off

Even after you’ve bought the home, programs like Minnesota Housing’s Start Up and Step Up offer ongoing benefits such as refinancing help, mortgage credit certificates, and down payment assistance you don’t need to repay if conditions are met.

Who qualifies?

• First-time buyers

• Income-qualified households

• Homeowners refinancing with Minnesota Housing partners

Potential savings: $1,000+ annually in mortgage interest tax credits

Did You Know? Many Minnesotans qualify for these programs even if they bought 3–5 years ago!

6. Smart Home Device Discounts Through Utility Companies

Utilities like Xcel Energy and Dakota Electric are incentivizing homeowners to install smart home devices that reduce power usage. They often offer deep discounts or even free devices, including smart plugs, thermostats, and energy monitoring kits.

Example Savings:

• Smart thermostat: FREE or $50

• Smart power strips: FREE

• Energy kits: $0 with qualifying home assessment

Pro Tip: Schedule a home energy audit (often free) to qualify for the most savings.

7. Solar Panel Tax Credits & Incentives (Up to 40% off installation!)

The federal solar tax credit (ITC) combined with Minnesota-specific rebates can reduce the cost of solar panel installation by 30–40%. Not to mention, you’ll save hundreds per year on electricity.

Available Programs:

• Federal Solar Tax Credit (30%)

• Xcel Solar Rewards (up to $1,000/year for 10 years)

• Local utility incentives

Average MN solar system cost after rebates: $10,000–$13,000 (down from $18,000+)

FAQ: Is solar worth it in Minnesota?
Yes! Despite the winters, solar works efficiently year-round and pays for itself in 6–9 years.

Frequently Asked Questions About Homeowner Discounts in Minnesota

Q1: Am I eligible for multiple discounts at once?
Absolutely. In fact, stacking discounts (like energy rebates and tax credits) is one of the best ways to maximize savings.

Q2: How do I find out what I'm eligible for?
Check local government websites, energy provider rebate centers, or consult a tax professional for guidance.

Q3: Are these discounts only for new homes or renovations?
No! Many discounts apply to existing homes, minor upgrades, and even behavior changes like switching to energy-efficient habits.

Q4: Do I need to reapply each year?
Some programs, like the Homestead Exclusion, only need a one-time application. Others, like energy rebates, must be applied for per project.

Conclusion: Start Saving Like a Smart Minnesota Homeowner

You work hard for your home—don’t leave money on the table. These top homeowner discounts in Minnesota aren’t just nice perks; they’re real financial opportunities that can save you $1,000s annually. The best part? Most take just a few minutes to apply for.