The Minnesota legislature established a solar photovoltaic (PV) and solar thermal incentive program for consumers who want to have Minnesotan created PV or solar thermal systems installed.
Incentives for solar PV are performance-based, established by a system’s energy production, and paid over 10 years. Owners of an approved, and installed, PV system will receive payments annually by July 1st. The incentive amount is based on the kilowatt-hours (kWh) output of the system in the previous calendar year.
There are three incentive levels depending on the ownership and system size. In addition, amounts vary by module. The three levels are:
- For-Profit commercial
Commercial systems may have a capacity of up to 40 kilowatts (kW) and residential systems may have a capacity of up to 10 kW.
Rebates are also available to commercial, multi-family and residential property owners who install Made in Minnesota certified solar thermal systems. The rebate is equal to 25 percent of the system-installed cost up to a maximum of $2,500 for residential, $5,000 for multi-family and $25,000 for commercial systems.
Both solar PV and solar thermal projects must be located in one of the four participating electric Investor Owned Utilities' service territories. Xcel Energy, Minnesota Power, Alliant Energy and Ottertail Power are participating.
Applications will be accepted annually between January 1 and February 28, and are selected by lottery.
Links and resources:
- Information on Solar PV Made in Minnesota can be found here
- Information on Solar Thermal MiM can be found here