HVAC Offers and Financing

For over four generations, Ray N. Welter Heating Company has proudly provided Twin Cities residents with reliable HVAC services. From installation to maintenance to repair, our team of experts has delivered premium cooling, heating, and air purification systems. We stay on top of the best HVAC offers so you always get the best deal.

While sometimes these installations are planned with routine maintenance, in other instances, air conditioners and furnaces break without warning. Unexpected issues with your HVAC systems can cause financial strain, which is why we also offer rebate and financing options to ensure you get help when you need it most.

HVAC Financing

At Welter Heating, we believe reliable and efficient heating and cooling units should be accessible to all residents in the greater Minneapolis area. For this reason, we offer financing through Wells Fargo Bank, N.A., an Equal Housing Lender. Financing is available with Approved Credit and is there for you when the unexpected happens — just like our team of experts.

No matter the time or day, Welter Heating is here to assist you with any cooling or heating emergency that may arise. We offer our customers 24/7 assistance 365 days a year. Our experienced, EPA-certified team is always on call to help you navigate and resolve any issues you may encounter.

Energy Efficient Rebates for Minnesota Residents

One of the best ways to get a better deal on your HVAC unit is by participating in one of the many rebate offers available to Minnesotans. Many of them apply to energy efficient models that will also save you money in the long run. For example, if you bought your furnace 30 years ago, it’s only 85% efficient. Modern models operate at 95% efficiency.

In 2022, legislators signed the federal Inflation Reduction Act into law, allocating $500 billion in clean energy grants. As a result, Welter Heating can participate in rebate programs that make installation more affordable. Here are a few that can make installing an HVAC system easier on your wallet.

Home Energy Rebate Program – Offers rebates from $2,000-$8,000 with installation of eco-friendly energy options. You must earn at or below 150% of the median income in your county.

Residential Heat Pump Rebate – With the Residential Heat Pump Program, you may qualify to receive up to $4,000 for the installation of a new heat pump.

Residential Electric Panel Upgrade Grant Program – A program from the Minnesota Department of Energy and Utilities that helps supplement some of the cost of upgrading the electrical panel for an energy-efficient HVAC unit. Grants are income-based and offer $2,000-$ 3,000 in funds, potentially covering the full cost of the upgrade.

Additional Energy-Efficient Programs – These are statewide programs available to Minnesota residents to weatherize and enhance their home’s HVAC system.

• Commerce Department of Energy & Utilities
• Minnesota Energy Resources
• Xcel Energy Home Rebates
• Centerpoint Home Heating Rebates

HVAC Financing FAQs

Are there affordable HVAC financing options for people with bad credit?
Financing is meant to make HVAC repairs and replacements accessible, not to box you into a single set of terms. Every homeowner’s situation is different, and the best way to know what you qualify for is to talk it through with our team — we’ll walk you through your options honestly and without pressure. Call us at 612-825-6867 to see what’s available for your situation.

What are the typical interest rates and terms for HVAC loans?
Rates and terms depend on the lender, the length of the loan, and your credit profile, so there’s no single number that applies to everyone. Rather than guess, our team will go over the current options with you and what they’d actually look like for your project. Give us a call at 612-825-6867 and we’ll walk through the details together.

Is it better to get HVAC financing through a manufacturer or a third-party lender?
It depends on your situation. Manufacturer financing is often tied to specific equipment brands and may come with promotional terms on qualifying systems, while third-party lender financing tends to offer more flexibility across system types. Welter Heating offers financing through Wells Fargo Bank, N.A., so we can help you compare and find the option that fits best.

What are the pros and cons of using HVAC financing versus paying cash?
Financing lets you get a repair or new system installed without delay, spreading the cost out over monthly payments instead of paying it all upfront — especially helpful when a furnace or AC gives out unexpectedly. Paying cash avoids interest altogether but ties up more of your budget at once. There’s no universally right answer; it comes down to what works for your household. Our technicians will tell you straight what your system needs — and what it doesn’t — so you can weigh your options clearly.

How quickly can I get approved and get funds with HVAC financing?
The application and approval process is designed to be fast and straightforward, so you’re not left waiting when you need a working furnace or AC. Reach out to our team and we’ll help get things moving right away.

Contact Welter Heating for Offers and Financing Guidance

Remember, you don’t have to navigate the installation of a new, energy-efficient HVAC unit on your own. Our team of experts is here to guide you through the process and ensure you get a system that fits both your home and your budget, including various financing options. Contact Ray N. Welter Heating Company today at 612-825-6867 or online for reliable furnace and AC services for your home.