Commercial Financing and Rebates Minnesota
Cedar Creek Energy Helps with Commercial Financing; At Cedar Creek Energy, every time we design a commercial solar energy system, we are designing it to cashflow as quickly as possible. Through the Federal Tax Credit of 30%, the MinnPACE program where you can pay for your system using a voluntary assessment on your property taxes for up to 20 years, to the 2018 Xcel Energy Rewards Program, it is our goal for your system to break even as quickly as possible. We devote our time to ensuring every commercial client receives the best financing and maximum rebates and incentives available on the market. At Cedar Creek Energy, we stay current on all federal, state and utility incentive program opportunities, and have a number of “green lenders” we can refer you to.
Commercial Financing Opportunities, Rebates, and T...
The Federal Investment Tax Credit is a federal income tax credit for residential and commercial solar energy systems in Minnesota and throughout the U.S. You essentially receive a 30% tax rebate on your taxes in the form of a check. If your solar array costs 200,000, you will receive a $60,000 tax credit. The credit will be decreasing slightly in the coming years, but not by much.
PACE ProgramThe PACE program is a way for commercial property owners to finance solar energy systems in Minnesota and across the nation. In the Twin Cities and throughout Minnesota, PACE “allows property owners to access competitive private financing through a partnership with local governments and the St. Paul Port Authority. Building owners who use PACE financing for their energy improvements pay back the financing through property taxes, as a voluntary special assessment,” according to the PACE website and our own experience with PACE-financed projects. With PACE, you can finance up to 20% f the “current assessed value of a parcel.” This means that if your building and property are assessed at one million dollars, you would qualify for $200,000 of PACE financing, for your commercial solar photovoltaic green energy solution. PACE financing can be given whether your project is $10,000 or $10 million. Read more >
2019 XCEL ENERGY SOLAR REWARDS PROGRAMWe complete and submit all the paperwork for you. Xcel has a Solar Rewards program for solar system sizes that are 20 KW or less. You can also not create a system that produces more than 120 percent of your annual consumption of electricity. This figure is based on your most recent 12 months of electrical consumption. If you are approved, then you will receive an incentive for up to ten years, that is based on your actual performance of your system. Learn more >
City of Minneapolis: Green Business Solar ProjectsGood news for businesses located in Minneapolis- in 2018 the city rolled out a new incentive program to help commercial buildings to go green! Funding is available through the Green Business Cost Share Program and will provide an incentive of $0.25 per estimated annual kwh production for the 1st year of production, up to $75,000.
LendersWe’ll take a look at what you’re trying to accomplish, when you’re hoping to payback, where you hope to be 5, 10, and 25 years down the road, whether the ROI starts in year 5 or year 10, and then we connect with one of green energy lenders. We have long standing, trustworthy relationships with a wide variety of these forward-looking lenders in Minnesota and throughout the nation.
Other ProgramsAre there any commercial solar energy systems financing programs on the city, county, state, and federal level available right now for you—we’ll tell you exactly what’s available, even the programs that are not advertised or listed seemingly anywhere.
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