Spring has been an amazing time for us here at Able Energy. We have had the opportunity to meet so many great people looking for a solar investment and to reduce their carbon footprint. We have developed relationships with several manufacturers, and Able’s President, Mike Harvey and myself, Sales Manager, Kris Sipe, had the opportunity to travel to China and spend time with our wonderful solar manufacturer, Renesola (as well as sing a little karaoke).
Spring has been amazing for Minnesota as well, in so many ways that Able Energy stands for, and in 2013, Governor Mark Dayton signed a bill defining the solar standard for Minnesota. The bill lays out a plan to achieve 1.5 megawatts of solar by 2020. That will increase our solar capacity in Minnesota by 30 Fold!
While this bill is great news for those of us in renewable energy, it will do away with the current structure allowing for $1.50 per watt up on installation in Xcel’s Solar Rewards program and switch to a production-based incentive. While this mechanism has been successful in other parts of the country, it means that the incentive would be collected over a 10-year period and not up front. Xcel has taken over 500 applications for Solar Rewards, but has not yet announced that the approximately $5 million dollars has been exhausted. That means if you are still interested in receiving the up-front credit from Solar Rewards, it’s your last chance.