Monday, March 1, 2010

Xcel Energy offers one-time incentive for solar power

Xcel Energy announced today that it is now offering incentives to Minnesota electricity customers to install solar panels on top of their homes and businesses. They will pay $2.25 per installed watt of generating capacity. For an average size residential installation of 3.5 kilowatts or 3,500 watts, the incentive payment would be $7,875, or about 30 percent of the installation costs. This does not include any other offers offered by the federal, state and local governments.

The bottom line is ...

Those in Minnesota have even more incentive to install solar panels now.

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