Minnesota HF2498 establishes a rebate program for geothermal heat exchange systems, with funding from the renewable development account.

Minnesota HF2498 establishes a geothermal heat exchange system rebate program to provide financial assistance for eligible applicants installing geothermal heat exchange technology. The program is managed by the commissioner of commerce, who will award rebates and reimburse administrative costs. Rebates are capped at 15% of system costs, up to $100,000 per project. Priority is given to applications for multifamily housing or commercial buildings owned by nonprofits or government entities that meet low-income rental property criteria.

Minnesota HF2498 establishes a rebate program for geothermal heat exchange systems, with funding from the renewable development account.

Minnesota HF2498 establishes a geothermal heat exchange system rebate program to provide financial assistance for eligible applicants installing geothermal heat exchange technology. The program is managed by the commissioner of commerce, who will award rebates and reimburse administrative costs. Rebates are capped at 15% of system costs, up to $100,000 per project. Priority is given to applications for multifamily housing or commercial buildings owned by nonprofits or government entities that meet low-income rental property criteria.