Solar Incentives & Rebates in Minnesota
Minnesota homeowners can take advantage of federal and state incentives to significantly reduce the cost of going solar. Below is a complete breakdown of every incentive, rebate, and policy available in Minnesota.
Net Metering
Full retail-rate net metering
SREC Program
SRECs available — earn credits for solar generation
State Tax Credit
No state tax credit — federal 30% ITC still applies
All Solar Incentives in Minnesota
Federal Solar Investment Tax Credit (ITC)
Tax CreditReduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Value: 30% of system cost
Eligibility: All US homeowners with sufficient tax liability. System must be new and installed on primary or secondary residence.
Expires: 30% through 2032, 26% in 2033, 22% in 2034
Minnesota Solar*Rewards Program
RebateXcel Energy incentive program for residential solar installations.
Value: Performance-based incentive
Eligibility: Xcel Energy customers in MN
Expires: While funds available
Related Solar Resources for Minnesota
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