Minnesota Incentives

The amount of available sunlight per day varies greatly from one region of North America to another. Regardless of your geographical location, 123SolarPower has a cost effective solar plan that will work for you. With renewable energy partners in every corner of the continent, 123SolarPower has regional professionals ready to help with your solar panel installation Minnesota.

With only 4.0 hours on average of sun, per square meter per day, in the north and 4.5 kilowatt hours for the same period in the south, Minnesota has more than 2.0 KWs less than states like Arizona. However the amount of sun received on average is still enough for solar power to be cost effective in this frigid state. With winter temperatures frequently well below 0 degrees Fahrenheit, utilities are motivated to offer incentives for many energy efficiency programs, such as insulation and renewable energy systems, which includes residential solar power. These are in addition to an available Federal tax credit of 30 percent through the Energy Policy Act of 2004. Did we mention the temperature doesn’t affect solar panels Minnesota. The panels still create electricity from light even when it is cold out.

The Renewable Portfolio Standard

Minnesota has a Renewable Portfolio Standard requiring most utility providers to produce 25% of their energy from renewable sources. Xcel Energy, a Minnesota based utility and a big advocate of renewable energy, has a greater RPS of 30% by 2020. Xcel Energy provides half the energy for Minnesota as well as electric power for several other states. In order to meet this standard utility providers will buy back power from residential solar panels MN.

Solar Rewards and Minnesota Made Programs

Xcel Energy maintains one of the many utility rebate programs in the state called the Solar Rewards Program. It pays the residential consumer a rebate of $2.25 per DC watt of installed solar power up to a maximum of $90,000, not to exceed 40Kw. Xcel’s customers must enter into a 20-year contract for all REC’s generated over the life of the contract. Because this is only one of the rebate programs offered by the states many providers of electric power, homeowners are advised to contact their own individual provider. Due to the fact that the Minnesota RPS affects all of the utility providers, they all offer various incentives for using solar panels MN.

In addition to the Solar Rewards Program, Minnesota is offering a Minnesota Made program. Through this program Xcel is offering an additional $2.75 per watt DC for systems assembled in Minnesota, creating a total incentive of $5.00 per watt DC. The rebates are paid over a five year period by Xcel. Xcel will in addition, purchase all excess generation through net metering system. Xcel understands the value of solar energy, and supporting the local economy. This is another reason now is the time to buy solar panels Minnesota.

To qualify, all existing homes, aside for those that are Energy Star certified, must undergo an energy audit. New homes must have an Xcel meter on site and have Xcel as the sole electricity provider. There is also a $250 application fee, refundable upon denial or withdrawal. At 123SolarPower Minnesota we have energy audit professionals available to help with this process as well.

Neighborhood Energy Connection Loans

Minnesota Neighborhood Energy Connection (NEC) offers homeowners and residential building owners, low-interest loans toward the installation of renewable energy systems. To qualify for an NEC loan, household income may not exceed $96,500 and residential buildings may not exceed the “fair market rent” level of $1,119 per month. These loans have an interest rate of 5.75 percent and range from one to 20 years at a repayment rate of $1000 annually. Loan amounts range from $2,000 to $60,000 with homeowner loans up to $35,000 for approved projects. All homes must receive an energy audit to qualify. DIY projects are acceptable, but those seeking a qualified contractor can seek assistance from a solar professional in our network.

Help For All Minnesota Residents

The many incentives for going solar in Minnesota are very encouraging but can also be overwhelming for the average person trying to follow all the guidelines and comply with the qualifying conditions. Fortunately, 123SolarPower has local trained professionals on staff to help interpret the regulations, while providing the best in photovoltaic equipment for your home. Take advantage of the many rebates and savings while simultaneously helping Minnesota to preserve the pristine land and lakes that define it. When it comes to solar panels for sale Minnesota can count on 123SolarPower. Fill out the online form, or call 800-294-2397 and a solar expert will help you begin looking for your perfect solar solution.

Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

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