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New Solar Incentive Program in Minn.

Updated: 02/03/2014 1:51 PM
Created: 02/03/2014 11:35 AM WDIO.com
By: Minnesota Department of Commerce

The cost to install a solar energy system will be much more affordable for those who qualify for the new 10-year, $15-million-a-year, Made in Minnesota Solar Incentive Program.

The program, which was launched on January 1 by the Minnesota Department of Commerce, will boost Minnesota’s solar energy generation.

Customers of investor-owned utilities (Xcel Energy, Alliant Energy, Minnesota Power, and Otter Tail Power) who install solar modules or collectors certified as manufactured in Minnesota are eligible for the program.

Applications for Solar Electric Production Incentives and Solar Thermal Rebates will be accepted each year for 10 years from January 1 to February 28.

Up to $250,000 per year in rebates is reserved for customers who install “Made in Minnesota” solar thermal systems. 

The new incentives combined with the 30 percent federal Residential Renewable Energy Tax Credit and a state sales tax exemption on solar equipment will likely pay for more than half of the cost of a residential solar system.

For more info: http://www.dsireusa.org/incentives/incentive.cfmIncentive_Code=MN175F&re=0&ee=0

AP Photo/J. Scott Applewhite, file

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