Minnesota Solar Panels Rebates

Other solar incentives and tax credits still available the 2017 legislature extended xcel energy s solar rewards program for three years and increased its funding to 15 million in 2018 10 million in 2019 and 2020.

Minnesota solar panels rebates.

Minnesota power solarsense solar rebate program increased allocation to 530 000 for 2017 and approved through 2019. Powered by the minnesota renewable development fund this performance based incentive offers solar homeowners in xcel energy s service area a yearly payment based on the energy production of their photovoltaic system. Minnesota power and otter tail power also offer solar incentives. Xcel pays homeowners 0 08 per kilowatt hour kwh of solar power production annually for up to 10 years.

With some utility backed solar power rebates the 30 federal solar tax credit and the potential for big benefits from using minnesota made equipment minnesota offers a low initial cost leading to a solid overall payback timeframe. Residential solar power is a solid investment in the state thanks to the combination of a strong renewable portfolio standard various rebates great tax exemptions and a favorable net metering policy. Also keep in mind that the federal government offers a 30 tax credit for the whole installed cost of your system that s a huge benefit available to you no matter where you live in the us. Rebates are worth 0 74 kwh expected production in the system s first year of operation.

When it comes to incentives for solar power minnesota is way ahead of the pack. Minnesota power provides solar rebates to qualified customers residential and commercial through its solarsense program and began taking applications on jan. Minnesota solar power incentives tax breaks and rebates. Minnesota power a division of allete inc provides electricity in a 26 000 square mile electric service territory located in northeastern minnesota.

Minnesota has lots of sunshine and laws that are favorable for solar power and renewable energy state rebates are available through seven different utilities. Base incentive is 0 94 kwh for 2017 and is first come first served. The program was open to customers of investor owned electric utilities xcel energy minnesota power and otter tail power. Minnesota power offers a rebate for grid connected solar electric pv systems up to 20 kilowatts kw in capacity.

Otter tail power offers a publicly owned property solar program. You will receive your solarsense rebate check from minnesota power within 3 6 weeks after your meter has been exchanged and the solar system is connected. Awards are made on a first come first served basis.