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Senate Counsel, Research
and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 3389 - Solar Energy Incentive Program Modifications
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Author:
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Senator David H. Senjem
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Prepared By:
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Carlon D. Fontaine, Senate Counsel (651/296-4395)
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Date:
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March 5, 2020
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Section 1. Solar energy incentive program. Amends the statute governing Xcel’s “Solar Rewards” program by extending program funding, which is withheld by Xcel from transfer to the renewable development account, through 2023 as follows:
- 2020 - $17 million
- 2021 - $15 million
- 2022 - $15 million
- 2023 - $10 million
Then, in 2024, any unspent amount remaining from program years 2020 to 2023 are allocated to the program. Allows unspent amounts allocated during a specific program year to be available in the subsequent year. Requires any unspent amounts remaining on January 1, 2025, to be transferred to the renewable development account.
CDF/syl
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Check on the status of this bill
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