Residential Solar

Financing & Incentives

There are a variety of financing options and financial incentives that can make a residential solar energy system affordable for Minnesota homeowners.

Good Investments Should Be Rewarded!

Get ready for more rewards and an even bigger return on your solar investment!

When you install a solar energy system onto your home, you may qualify for certain tax advantages and rebates from your local utilities provider. We've compiled a list of such rewards and rebates below.

Home Solar Rebates

Xcel Energy Solar Rewards

Customers receive an extra $.04/kWh for all solar energy produced for 10 years.  For the average sized solar project this adds up to $500 yearly or $5,000 over 10 years.  You are allowed to install a system on site that will produce 120% of what you consume or less.

Solar Rewards Details

Dakota Electric Association

Customers can receive a $500 incentive.  Dakota Electric will allow you to install a system on site that will produce up to 120% of what you consume or less. Any energy generated over 100% can be sold back to Dakota Electric via Net Metering.

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Shakopee Public Utility

Customers receive $1.50 per watt installed up to 4kW (4,000watts).  For average sized project this adds up to $6,000 rebate when system is operational in year 1.  This rebate is capped at $6,000.  SPUC requires shading analysis as part of the application.

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Chaska Utility

Customers receive $.25 per watt installed up to 10kw (10,000watts).  For the average size project the rebate amounts to $2,000 rebate which is paid to customer after system is operational in year 1.  The rebate is capped at $2,500.

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Minnesota Power

Customers receive $.56 per anticipated kWh of year 1 production.  For the average sized project the rebate is $5,200 paid out when system is operational.  Total rebate is capped at $10,000.

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Steele-Waseca Cooperative

The Power Program allows customers to receive an extra $.12/kWh for the first year and $.08 for the next 9 years for all solar energy produced for 10 years.  For the average sized solar project this adds up to $1000 yearly or $10,000 over 10 years.  You are allowed to install up to a 14kW AC system on site.

Call 507-451-7340 and ask for Steve or Cindy for more details

Need to Find Your Utility Provider?

We can help with that! Contact iSolar Minnesota to find out more about your local provider's current incentives and rebates.

Looking for Financing?

Installing a PV system is now more cost effective than ever, but we understand that not everyone can pay out of pocket. To help you find the right solar solution for your home, we've partnered with trusted financial institutions to offer flexible lending options that work on your schedule.

RESIDENTIAL SOLAR FINANCING

EZ SOLAR LOANS

Zero down, No origination fees, 24 hour Approval.

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AFFINITY PLUS CREDIT UNION

Low Rate Solar Loan Financing

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Sunnova Energy

Low Rate Solar Loan Financing

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