The Center for Energy and Environment (CEE) offers special programs that help homeowners make the switch to solar easier.
Minnesota has multiple incentives that make going solar even more worthwhile. The Center for Energy and Environment (CEE) offers some exciting loan options that can help you pay for your solar array. While there are state-wide loan options, your city of residence might have special financing options.
The following cities have worked with CEE to offer special loan, grant, and/or down payment assistance programs.
- Anoka
- Blaine
- Brooklyn Center
- Brooklyn Park
- Burnsville
- Coon Rapids
- Edina
- Elk River
- Fridley
- Minnetonka
- Minneapolis
- Mounds View
- Robbinsdale
- Roseville
- South St. Paul
- St. Louis Park
While the options differ between cities, all offerings are subject to change based on demand and funding. Each of the listed cities has different interest rates, term lengths, maximum loan amounts, and other specific qualifications. A solar expert can help you determine what is available to you.
The Federal Investment Tax Credit (ITC) offers a 30 percent tax credit on the cost of solar arrays. This federal tax credit has helped thousands of people make the switch to solar since it was first passed into law. While the ITC is currently scheduled to last through 2032, at which point it would be phased out over the following few years, it could come to an end sooner than planned due to potential political changes. This means now is the best time to go solar so you can be sure to utilize this incentive.
Your utility company might also offer incentives. Various utility companies in the state offer programs that reward customers for making the switch to solar with either flat-rate rebates or rebates based on energy production. Your utility also likely offers net metering, which provides credits for producing more electricity than your property uses. Plus, solar arrays are sales tax and property tax exempt in the state of Minnesota.
With all of these incentives, rebates, and financing options available, it’s a great time to look into going solar! All Energy Solar can help you find out what options are available to you. Schedule a free consultation with one of our solar experts to see if solar energy is right for you.
