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Solar Energy

Why Solar?

Clean and sustainable energy for the environment

  • Reduced reliance on energy derived from fossil fuels or nuclear

  • Reduced carbon dioxide ---- over 1 ton/year/kW of solar vs. coal 

  • Reliable, noiseless, and pollution-free electricity generation


Reduce or eliminate utility electricity bills

  • Levelized Cost of Energy (LCOE) significantly less than utility electricity rates

  • Locked -in low electricity costs for decades while avoiding utility inflation

  • Net Metering ensures 24/7 availability of your solar production

Tax credits and rebates accelerate payback 

  • Investment Tax Credit (ITC) Investment Tax Credit (ITC) remains at 26% for 2021 and 2022 then is 22% in 2023

  • Accelerated and bonus depreciation for businesses

  • Section 179-eligible equipment for full federal depreciation in first year

  • Utility incentives may also be available including Xcel Energy's Solar Rewards program

Enhanced property value and marketability

  • Solar generates decades of cash flow for current and future owners, so increases property value

  • Solar investment/improvement is not subject to MN sales tax or property tax

  • Advance sustainability objectives while attracting more customers, employees, tenants or investors

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