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The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are!

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Minnesota

Minnesota

Incentives/Policies for Renewables & Efficiency

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Xcel Energy - Solar*Rewards Program   

Last DSIRE Review: 01/08/2015
Program Overview:
State: Minnesota
Incentive Type: Performance-Based Incentive
Eligible Renewable/Other Technologies: Photovoltaics
Applicable Sectors: Commercial, Industrial, Residential
Amount:$0.08 per kWh produced from the PV system over 10 years.
A bill credit amount of more than $25, will be compensated by check that month.
A credit of less than $25 will be rolled over to the next monthly bill.
Terms:Production incentive will be paid to the customer for 10 years
Eligible System Size:Systems 20 kW-DC or less, not to exceed 120% of the customer's on-site annual energy consumption
Installation Requirements:Sign a 10-year Solar*Rewards contract.
Install a system that produces between 0.5 and 20.00kW. Systems of 20.01kW do not qualify.
Installations must be completed within 365 days of submission.
Ownership of Renewable Energy Credits:The customer agrees to convey all of the Renewable Energy Credits (RECs) or similar green attributes produced by the system to Xcel Energy for the ten-year term of the contract.
Funding Source:Minnesota Renewable Development Fund
Program Budget:$5 million annually
Start Date:1/1/2014
Expiration Date:12/31/2018
Web Site: http://www.xcelenergy.com/Energy_Solutions/Business_Solutions/Ren...
Authority 1:
Date Enacted:
Date Effective:
H.F. 729
05/23/2013
1/1/2014
Summary:

Beginning in 2014, Xcel must offer a solar production incentive for systems 20 kW-DC or less. This program by Xcel is called the Solar*Rewards® program, and has launched for the 2015 program year on January 2, 2015. The customer's system capacity may not be more than 120% of the customer's on-site annual energy consumption. Each year for the 5 years of the program (2014 through 2018), $5 million will be allocated from the Renewable Development Fund for the production incentive. Program forms must be completed with a $250 engineering fee. If, prior to the completion of an engineering review, the application is denied or the customer elects not participate in the program, the customer's application fee will be refunded. .

Net metering is available for Xcel Energy's customers, although customers may be eligible to enroll in one of several other customer-generation options if they wish instead of net metering. Under net metering net excess generation (NEG) at the end of a monthly billing period is generally credited to the next month’s bill. If a customer's NEG balance exceeds $25.00 at the end of a billing period, the customer will be issued a check for the balance by the utility. Net metering takes place using a bi-directional meter for which the customer pays a small monthly fee. The program also requires a generation meter installed at the utility's expense to measure energy (i.e., REC production) by the solar system. Applicants can view the Solar*Rewards Customer Contract at the link above.

2015 Program Capacity: 4.6 MW

 

 

 

 


 
Contact:
  Customer Service
Xcel Energy
Minnesota Solar*Rewards
Phone: (612) 318-4785
E-Mail: SolarProgramMN@xcelenergy.com
Web Site: http://www.xcelenergy.com/About_Us/Contact_Us/General_Contacts/Contact_Us
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2014 - 2015 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.