Minnesota is blazing a trail toward a clean energy future, and the numbers are in: the North Star State is leading the charge. With zero-carbon sources now providing 54% of Minnesota’s electricity and renewable energy making up one-third of power generation, Minnesota is proving that clean energy isn’t just the future—it’s happening now.
As a Minnesotan, you’ve got front-row seats to this energy revolution. And at Cedar Creek Energy, we’re here to help you be a part of it by switching to solar. Let’s dive into the highlights from the Minnesota Energy Fact Sheet 2024 and explore why there’s never been a better time to invest in solar energy for your home or business.
2023 Was a Landmark Year for Clean Energy in Minnesota
Minnesota has outpaced the nation in reducing carbon emissions, cutting them by 54% since 2005. Even better? The state reduced its power sector CO2 emissions by 10% in 2023 alone, hitting the lowest levels in nearly two decades. That’s not just progress; it’s a leap forward.
One of the driving forces behind these achievements is Minnesota’s 100% Clean Energy by 2040 law, which mandates carbon-free electricity within the next 16 years. The state has already retired nearly 2GW of coal-fired power plants, with all coal plants scheduled for retirement by 2035. These milestones show just how serious Minnesota is about reducing its carbon footprint and embracing clean energy.
Why Solar Energy is Your Best Bet in 2025
Solar energy isn’t just good for the planet—it’s smart for your wallet. With electricity rates in Minnesota rising 28% since 2014, locking in low energy costs with solar is a no-brainer. Plus, thanks to the 30% federal solar tax credit and state-level incentives, going solar has never been more affordable. Here’s how solar stacks up for Minnesotans in 2024:
- Cost Savings: Solar can cut your energy bills drastically. Over time, these savings add up to tens of thousands of dollars.
- Energy Independence: With solar panels, you’re generating your own power, protecting yourself from unpredictable utility price hikes.
- Tax Incentives: The federal tax credit covers 30% of your solar installation costs, and there are additional state rebates to sweeten the deal.
- Environmentally Friendly: By installing solar, you’re contributing to the reduction of carbon emissions—just like Minnesota is leading on a larger scale.
Minnesotans Are Going Electric
The Electric Vehicle (EV) revolution is picking up speed in Minnesota, and it’s not slowing down. In 2023, EV registrations in the state skyrocketed by over 50% compared to 2022, bringing the total number of EVs on Minnesota roads to more than 56,000. With EVs offering lower fuel costs, reduced maintenance expenses, and cutting-edge technology, it’s no wonder more Minnesotans are making the switch.
But there’s more. In 2024, state and utility programs are making EV adoption even more appealing:
- State Rebates: Rebates of up to $2,500 for new EVs and $600 for used EVs are available to Minnesotans. These rebates are designed to make EVs more accessible, with new EV rebates applying to vehicles under $55,000 and used EV rebates available for purchases under $25,000.
- EV Charging Incentives: State and federal funding, including Minnesota’s $13 million investment in the National Electric Vehicle Infrastructure (NEVI) program, is helping expand fast-charging networks across the state. Charging your EV at home is even easier when paired with solar panels and energy storage from Cedar Creek Energy, ensuring your vehicle runs on 100% clean, affordable power.
Xcel Energy is also stepping up to support EV adoption with a $45 million plan that includes rebates for home wiring upgrades, public charging infrastructure, and innovative pilot programs offering flat-rate monthly fees for EV charging during off-peak times.
Why is this important for solar? EVs and solar power are the ultimate pairing. By generating your own electricity at home with solar panels, you can dramatically cut the cost of powering your EV while eliminating reliance on fossil fuels. Whether you’re a homeowner or a business looking to electrify your fleet, Cedar Creek Energy can design a solar system to meet your energy and transportation needs.
Solar + Storage: Power You Can Rely On
Solar energy is an incredible way to save money and reduce your environmental impact, but pairing it with energy storage takes those benefits to the next level. In 2024, Minnesota rolled out new programs and incentives to help more residents and businesses install battery storage systems. These systems let you store excess solar energy during the day and use it at night, during peak energy demand times, or when the grid goes down.
Here’s why energy storage is a game-changer:
- Energy Independence: With a battery, you’re less reliant on the grid. If a storm knocks out power, your stored energy can keep the lights on and your appliances running.
- Maximizing Solar Savings: Batteries let you store the energy your panels produce and use it when electricity prices are higher, saving you even more.
- Clean Energy All Day Long: Even when the sun isn’t shining, you’re still running on solar power.
Minnesota and Xcel Energy are making it easier than ever to add battery storage to your solar system:
- Minnesota State Incentives: In 2024, the state launched a new energy storage incentive program, providing grants and rebates to help homeowners and businesses afford battery systems. This program complements federal incentives under the Inflation Reduction Act (IRA), which includes a 30% federal tax credit for energy storage systems when installed alongside solar.
- Xcel Energy Rebates: Xcel Energy’s new storage incentive program provides rebates for customers installing energy storage systems, helping offset upfront costs. Combined with utility savings over time, these incentives make batteries more accessible than ever.
Cedar Creek Energy offers cutting-edge battery storage solutions tailored to your energy needs. Whether it’s a compact battery for your home or a large-scale system for your business, we’ll help you take full advantage of these incentives and unlock the true potential of solar energy.
Cedar Creek Energy: Your Local Solar Partner
At Cedar Creek Energy, we’re proud to help Minnesota homeowners and businesses take control of their energy future. Whether you’re looking to install rooftop solar, add battery storage, or explore EV charging solutions, we’ve got the expertise to make it happen. Here’s why Minnesotans trust us:
- Customized Solar Solutions: Every property is different. We’ll design a solar system that fits your energy needs and budget.
- Experienced Installers: With years of experience, our team ensures your installation is smooth, efficient, and stress-free.
- Ongoing Support: From maintenance to monitoring, we’re here to help you get the most out of your solar investment.
2024 is the Year to Go Solar
Minnesota’s clean energy progress is inspiring, and it’s the perfect time for you to be part of the movement. By going solar, you’ll save money, reduce your carbon footprint, and gain energy independence—all while supporting Minnesota’s push for a cleaner, greener future.
Ready to make the switch? Contact Cedar Creek Energy today for a free consultation!