You may be surprised to learn that Minnesota’s relatively frequent number of sunny days and cooler temperatures are well suited for solar. This, along with recent advances in technology, stabilized material costs, and financial assistance in the form of tax credits and incentives, make solar a desirable option for many Minnesotans.
National solar incentives
The recently passed Inflation Reduction Act (IRA) that President Biden signed into law on August 16, 2022, will significantly impact renewable solar energy across the country and in the state of Minnesota. One big reason is that the IRA extended and raised the solar Investment Tax Credit (ITC) to 30% for private residential installations from 2022-2032, with the first step-down beginning in 2033 when it drops to 26 percent. Previously the ITC was scheduled to step down to 22 percent in 2023 and go away entirely for private installations in 2024. But the ITC isn’t the only incentive program available to property owners considering solar.
Local solar energy programs
Minnesota has been one of the most pro-solar, Midwestern states for many years and has some very forward-thinking solar energy laws and incentives. In fact, many cities, municipalities, and utilities offer a wide range of incentives and rebates for switching to solar. If you live in one of the following cities and looking to install solar, then you’re in luck:
Anoka
Blaine
Brooklyn Center
Brooklyn Park
Burnsville
Coon Rapids
Edina
Elk River
Fridley
Minnetonka
Minneapolis
Mounds View
New Hope
Ramsey County
Richfield
Roseville
St. Louis Park
Contact an All Energy Solar representative to learn more about the benefits of investing in environmentally friendly, clean, renewable solar energy.
