Estimated Savings for a Typical Minnesota Home
Based on a $150/month electric bill
System Size
7.5 kW
Gross Cost
$23,273
Federal Credit
-$6,982
State Incentive
-$1,500
Net Cost
$14,791
Annual Savings
$1,460
Payback Period
10.1 yrs
25-Year Savings
$35,079
CO₂ Offset/yr
9,076 lbs
Minnesota Solar Incentives
30%
Federal Investment Tax Credit (ITC)
Deduct 30% of your total solar installation cost from your federal taxes. Available through 2032 with no dollar cap.
$1,500
Minnesota State Incentive
Minnesota offers a Solar*Rewards program rebate.
Net Metering Policy: Full Retail
Top utility in Minnesota: Xcel Energy MN. View full incentives detail →
Solar Costs by City in Minnesota
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Minneapolis | $1,460 | 10.9 | 429,954 | Xcel Energy MN |
| Saint Paul | $1,460 | 9.4 | 311,527 | Xcel Energy MN |
| Rochester | $1,460 | 9.8 | 121,395 | Rochester Public Utilities |
| Duluth | $1,460 | 10.6 | 90,872 | Minnesota Power |
| Bloomington | $1,460 | 9.6 | 89,987 | Xcel Energy MN |
| Brooklyn Park | $1,460 | 9.3 | 81,175 | Xcel Energy MN |
| Plymouth | $1,460 | 10.1 | 79,928 | Xcel Energy MN |
| Maple Grove | $1,460 | 12.1 | 76,000 | Xcel Energy MN |
| Woodbury | $1,460 | 10.3 | 75,102 | Xcel Energy MN |
| St. Cloud | $1,460 | 10.1 | 68,228 | Connexus Energy |
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Quick Facts: Minnesota
- ⚡ Avg rate: $0.148/kWh
- 🌞 Peak sun: 4.5 hrs/day
- 🏭 Top utility: Xcel Energy MN
- 📋 Net metering: Full Retail