Basic Incentives Available to All Solar Projects

Solar-Panel-130% federal tax credit

We are serious! Businesses and homeowners can receive a 30% federal tax credit on the cost of a solar system.

MACRS depreciation

Businesses can depreciate a system’s cost basis on an accelerated schedule over 5 years.

Made in Minnesota

The Minnesota legislature established a solar photovoltaic (PV) and solar thermal incentive program for consumers who install PV and solar thermal systems using solar modules and collectors certified as manufactured in Minnesota.

The program is administered by the Department of Commerce with an annual budget of $15 million. Incentives for solar are performance-based, established by a system’s energy production, and paid over 10 years.

This incentive is available on three levels: For-Profit Commercial, Non-Profit/Public, and Residential.

Commercial solar power systems may have a capacity of up to 40 kW and residential systems may have a capacity of up to 10kW.

Solar Rewards

Xcel’s Solar Rewards is a performance-based incentive in which customers are compensated at a solar rate nearly twice the retail value.

Home and business owners can expect an 8-10 year return on investment while adding equity value to the property.

See Our Recent Commercial Projects

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