For the fourth year running, now, Minnesota has opened the window for solar incentive applications, which will give residents up to 25 percent back of installed costs on proposed solar projects from Jan 1 to Feb 28, 2017
The Made in Minnesota Solar Incentive Program, administered by the Minnesota Commerce Department, helps fund new solar and thermal systems for the state’s residents, busineses and communities.
The program, which first began in 2013, has so far supported nearly 1,100 solar projects according to the state’s website and has a budget of $15 million for the course of its 10 years. The program is expected to last until 2023, with the goal to get the state’s investor-owned utility companies to obtain 1.5% of its power from renewables by 2020 and 10% by 2030.
Applicants for the generous incentive offers to cover up to a quarter of a photovoltaic (PV) project’s installment costs, are randomly selected and will receive payments for 10 years based on the system’s electricity production. For owners of solar thermal systems, the program offers a one time rebate up to a 25 percent of the installed cost.
Minnesota expects the program to help fund up to 4,000 solar installations over the program’s 10 year lifespan.
The incentive program is available to state residents and businesses who install systems and/or collectors that are certified as manufactured in Minnesota.