Made in Minnesota (MiM) is a solar photovoltaic (PV) and solar thermal incentive program that gives rebates to consumers based on the performance of the system aka how many kilowatt hours (kWh) produced in a year (PV) or the size of the system (thermal). MiM’s true purpose is to create jobs while making Minnesota greener and lowering the cost of Minnesota manufactured solar products. Run by the Department of Commerce – Division of Energy Resources and legislated to last 10 years, $15 million is available annually for rebates with $250,000 set aside for solar thermal.
The popular Xcel Solar Rewards program will be back on line Q1 2013. There is however a caveat; with the 2012 Solar Rewards funds having been depleted since april and the solar contractor base now well over 130 companies: we predict the 2013 Solar Rewards funds will become fully reserved within 2-3 months after the […]
As 2011 winds down, we want to offer a brief update. At the federal level, the 30% tax credit for personal and business is still in effect for 2012. The MACRS depreciation in 2012 is still in affect as well for business’s with an added 1st year 50% bonus depreciation.
The Xcel Solar Rewards program, which has helped thousands of homeowners and businesses, has used all of its $4.6 million in funds for 2011.
Solar industry officials said the raising demand for rooftop photovoltaics for commercial buildings has exhausted Xcel Energy’s Solar Rewards subsidy program for the year, shutting out other customers.