Xcel's solar subsidies

August 22, 2011 — 7:35pm

Xcel Energy offers two incentives to customers who wish to install solar electric panels and sell excess electricity back to the grid.

SOLAR REWARDS

Subsidy for residential and commercial projects up to 40,000 watts.

Budget: $4.6 million per year

Benefit: $2.25 per installed watt in a lump sum.

MINNESOTA BONUS

Subsidy for projects using solar panels made in Minnesota.*

Budget: $4 million this year, $5 million through 2015.

Benefit: Up to $5 per installed watt or 60 percent of cost over five years.

MORE INFORMATION

www.xcelenergy.com

* The state has two manufacturers, TenKsolar and Silicon Energy.

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