Performance payment · Xcel Energy · Minnesota
Xcel Solar*Rewards (Minnesota)
$0.07–$0.08 per kWh production-based + REC
Xcel Energy Minnesota Solar*Rewards pays Minnesota residential solar customers a per-kWh production payment plus REC value. The program structure is similar to the Colorado version. Minnesota Solar*Rewards plus federal 25D plus net metering delivers reasonable solar economics despite Minnesota's northern latitude and modest insolation. Minnesota also has a property tax exclusion on solar-added home value.
Eligibility
Who qualifies?
Xcel Energy MN residential customers.
How to apply for Xcel Solar*Rewards MN
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Choose Xcel-approved installer
Most MN solar installers participate.
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Reserve in current Block
Block step-down typical.
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Install and earn
Monthly performance payment.
Stacking with other programs
Stacks with federal 25D, MN net metering, and property tax exclusion.
Frequently asked questions
Worth it in Minnesota? +
Production lower than southern states but Solar*Rewards + federal 30% + net metering still delivers 9–12 year payback.
Official program page: https://mn.my.xcelenergy.com/s/renewable/solar-rewards
Related programs and credits
- Minnesota energy rebates Xcel Solar*Rewards
- Solar Panels rebates 30% of total system cost
- 25D: 25D Credit 30% of cost, no cap
- NY-Sun MW Block Solar Incentive $0.20–$0.40 per watt upfront (varies by zone and remaining block)
- New York State Solar Energy System Equipment Credit 25% of system cost up to $5,000
- NYC SEGS Property Tax Abatement Up to 30% of project cost over 4 years
- Oncor Solar PV Standard Offer Program ~$2,500 for 6 kW residential install