Xcel Energy - Solar Production Incentive (Minnesota)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Xcel Energy - Solar Production Incentive|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Commercial, Industrial, Residential|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||To be determined|
|Eligible System Size||Systems 20 kW-DC or less, not to exceed 120% of the customer's on-site annual energy consumption|
|Ownership of Renewable Energy Credits||Not Addressed|
|Program Budget||$5 million annually|
|Terms||Production incentive will be paid to the customer for 10 years|
|Program Administrator||Xcel Energy|
Beginning in 2014, Xcel must offer a solar production incentive for systems 20 kW-DC or less. The customer's system capacity may not be more than 120% of the customer's on-site annual energy consumption. The incentive rate has not yet been determined; the Public Utilities Commission must approve the incentive rate. The incentive will be based on the system's production and will be paid to the customer for 10 years. 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.
|Contact Name||Customer Service|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||H.F. 729|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.