Solar Incentives in Woodbury, MN
Complete guide to solar tax credits, rebates, and incentive programs available to Woodbury homeowners in 2026.
Federal Solar Investment Tax Credit (ITC)
30% of total system cost
Woodbury homeowners can deduct 30% of the cost of installing a solar energy system from their federal taxes. This applies to all qualified solar installations in Woodbury, MN.
Minnesota State Solar Incentives for Woodbury Homeowners
Xcel Energy Solar Rewards
RebateXcel Energy provides production-based incentives for residential solar customers in their service territory.
Solar Renewable Energy Credits
SRECMinnesota solar system owners can earn and sell SRECs to meet the state's solar energy standard.
Made in Minnesota Solar Incentive
RebateAdditional incentives available for solar installations using Minnesota-manufactured panels.
Property Tax Exemption
Property TaxSolar energy systems are exempt from property tax increases in Minnesota.
Net Metering in Woodbury, MN
Minnesota requires utilities to offer net metering. Xcel Energy and other utilities provide credits for excess solar generation at rates determined by the Public Utilities Commission.
Solar Renewable Energy Credits (SRECs) in Woodbury
Minnesota's Solar Energy Standard requires Xcel Energy to generate 1.5% of retail sales from solar. The Solar Rewards program provides REC payments to residential solar customers.
Average SREC Price: $15-$30 per SREC
Tax Exemptions in Woodbury
How to Claim Solar Incentives in Woodbury
- Install your solar system: Work with a qualified Woodbury solar installer to design and install your system.
- Claim the federal ITC: File IRS Form 5695 with your federal tax return to claim the 30% tax credit.
- Apply for state programs: Contact your Minnesota energy office or local Woodbury utility to apply for available incentives.
- Set up net metering: Contact your utility in Woodbury to set up net metering and start earning credits.
- Keep records: Save all receipts, contracts, and permits for tax filing and warranty purposes.
Solar Incentives FAQ - Woodbury, MN
Woodbury homeowners can take advantage of the 30% federal solar tax credit, plus 4 state-level incentive programs, net metering, and SRECs. These incentives can reduce your total solar cost by 30-50%.
The 30% federal tax credit alone can save Woodbury homeowners approximately $5.5k on a typical system. Combined with Minnesota state programs and SREC income, total savings over 25 years can reach $30k or more.
Minnesota requires utilities to offer net metering. Xcel Energy and other utilities provide credits for excess solar generation at rates determined by the Public Utilities Commission.
To claim the 30% federal ITC, Woodbury homeowners need to file IRS Form 5695 with their annual tax return. The credit applies to the full cost of your solar system including equipment and installation. You must own the system (not lease it) to claim the credit.
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