For Minnesotans considering solar energy, the new Solar*Rewards program at Xcel Energy offers an excellent incentive to go solar in 2014. Solar customers who sign up this year will receive a check every year for $0.08/KWH of energy they produce for 10 years! This year the rebate is the highest possible, meaning that early adopters will lock in the best benefit -- the state has already scheduled for it to drop by $0.02/KWH in 2015 and 2016.
It’s a good idea to begin your application right away. Applying for this program is highly competitive; last year Xcel’s incentives were completely allocated within the first few days the program was opened! This year’s reservations are also available on a first come first serve basis.
For customers who don’t have savings set aside to invest in solar, our 2.99% solar financing allows you to go solar and start saving without spending thousands of dollars up front. You can lock in the current rebate, get the solar tax credit, and be cash flow positive for as low as $500 out of pocket. Request a quote to learn if you qualify!