Find Your Path To Solar Energy
At Cedar Creek Energy, every time we design a residential energy power system, we are designing it to give optimal payback and a generous rate of return on your investment. We want every client to receive the maximum funding and savings, which is why we stay current on all federal, state, and utility incentive program opportunities, and can connect you to green lenders. Each project is unique and our aim is to understand your needs and create the best return on your investment.
Residential Financing and Rebate Programs
Federal Investment Tax Credit (26%)
The Solar Investment Tax Credit is a federal income tax credit for residential and commercial solar energy systems in Minnesota and throughout the U.S. You essentially receive a 26% tax rebate on your taxes in the form of a check. If your solar array costs 200,000, you will receive a $52,000 tax credit. The credit will decrease in the coming years; now is the best time to get the highest rebate.
Xcel Energy Solar Rewards Program
We complete and submit all the paperwork for you. Xcel has a Solar Rewards program for solar system sizes that are 40 KW or less. You will be paid .07 cents/KWh for every kilowatt hour produced from your system for 10 years. The figure is based on an annual production of kilowatts from your solar panel array. Checks come once a year. We will complete and submit all the paperwork for you. Read more >
Minnesota Power’s Solar Sense Program
Rebate Program Solar Sense – for solar residential installations up to 40 KW. You receive an upfront rebate based on the production estimate of your solar photovoltaic (PV) installation. The payout is based on .94 cents/KW.
Center for Energy and Environment Financing
The Lending Center at the Center for Energy and Environment (CEE) offers low interest loans for Minnesota homeowners to increase the energy efficiency of their homes solar energy. This financing program provides a 4.99% fixed rate for terms up to 10 years ($50,000 maximum loan amount). Learn more >
In Minnesota alone, there are 235 different utilities that make up the utility grid. We know which utilities offer what types of bonuses and rebates and will complete all the paperwork and submit it for you.
Lesser Known Grants
We know where to find the grants and funding for projects of all types and sizes. Sometimes grant-awarding agencies have grants for just your type of business or project. There are little known grants that we alert our clients to that are often in their county or city but not advertised. We pride ourselves on finding the best savings options for your unique project.
Financing Opportunities, Rebates, and Tax Advantages
“Even though without fail every client of ours tells us they are going solar because it’s the right thing to do, but without fail they still have to justify that decision economically. We make sure the solar payback and savings IS the right thing for them to do.” –Rob Appelhof, CEO and Founder
At Cedar Creek Energy, we are here to help you find the specific financial incentives associated with your home. Taking advantage of available tax credits, rebates, and depreciation plays a vital role in the return on your investment. We have trusted relationships with a wide range of sound lenders who specialize in green energy projects, giving you many financing options so you can choose the solution that best fits your budget.
Tax credits and incentives are another bright benefit of installing solar panels. The Residential Renewable Energy Tax Credit is administered by the federal government which lets homeowners claim a credit of 26% on their federal income taxes. If you’re on the fence about making the switch to solar energy for your home, don’t forget to take into account tax credits which can dramatically reduce your overall out-of-pocket investment.
“At first, I thought the 26% Federal Tax Credit was more of a tax deduction; as in I could deduct it on my taxes. I was thrilled to realize that the 26% was literally a tax credit. So based on the investment we made into our solar array, I received a credit of $15,000. So if my overall tax liability was $30,000, minus the credit, I would only have to pay the IRS $15,000.” – Terrie Wheeler, Residential Solar Customer
Components that enter into your decision-making process:
- Ultimate system size you seek
- Amount of electricity you need
- Aesthetics and placement of system
- % of electric costs you wish to offset with a solar power PV installation
- Whether selling your excess solar energy back to Excel, Ottertail, or other utility is an option
- Battery storage or backup storage system considerations
- Grants available for your proposed system size
- Financing available that you can justify
- Tax advantages offered
- Rebates and bonuses offered
- Trust in your potential solar panel installer
“I enjoy both the strategic management visioning part of my work and meeting with clients, developing meaningful relationships, and helping to achieve long-term conservation goals.” -Matt Stupnik, Chief Operating Officer, Co-Owner, Cedar Creek Energy
Sunshine Power is the Right Thing to Do – Let’s Make the Savings Right, Too
Find Out Now Additional Rebates and Incentives You Qualify For. Call (763) 432-5261 to discuss your needs and goals with a team member at Cedar Creek Energy. We are a team of 25 who are passionate about helping clients take the next step toward green and clean renewable energy sources.
Based in Blaine, Minnesota, Cedar Creek Energy has been facilitating the clean energy goals of more than 500 individuals and business owners, farmers and developers, and more, since 2007. Our service area includes Minneapolis and St. Paul, the greater Twin Cities and Minnesota, surrounding states, and nationwide.
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