SOLAR REBATES AVAILABLE IN MN & FEDERAL TAX INCENTIVE
FEDERAL TAX INCENTIVE
MINNESOTA POWER-SOLAR SENSE (2021 GONE)
GRAND RAPIDS PUBLIC UTILITY SOLAR REBATE PROGRAM
XCEL ENERGY SOLAR REWARDS (2021 GONE)
COMMERCIAL ONLY PROJECTS
The REAP Renewable Energy System Grant and Loan Guarantee program provides financial assistance to agriculture producers and rural small businesses to purchase, install, and construct renewable energy systems or energy efficiency improvements.
MACRS – which stands for Modified Accelerated Cost Recovery System – is the tax depreciation system used in the U.S. In other words, MACRS depreciation is the system used to calculate your business's tax deductions based on the depreciation of your tangible (depreciable) assets
OTTERTAIL POWER CO SOLAR REBATE-Public Entities
Minnesota PACE Financing
Across the nation, PACE financing (Property Assessed Clean Energy) is making energy efficiency upgrades and renewable energy investments more attainable to commercial building owners. In Minnesota, most PACE loans are run through MinnPACE. MinnPACE is a fit for most industries including farms, commercial office buildings, nonprofit organizations (including places of worship), and multi-tenant buildings. Common investments include solar panels, HVAC systems, lighting, motors, and more.
MinnPACE Adds Value
MinnPACE brings value to Minnesota commercial building owners by improving their bottom line. To start, MinnPACE covers 100 percent of all project costs. Going forward, payments are repaid through a special property tax assessment with terms up to 20 years. As a result, projects become cash positive with financial savings outweighing financial burden.
Non Profit Entities
CollectiveSun has been helping nonprofits fund solar projects since 2011. We believe all nonprofits should have access to clean renewable energy. ... However, CollectiveSun's innovative financing model applies tax credits that reduce the cost of nonprofit solar projects by 12%!