Minnesota HF4082 provides a temporary income tax credit for the purchase and installation of solar energy systems.

Minnesota HF4082 offers a temporary income tax credit for the purchase and installation of solar energy systems. The credit is available to taxpayers receiving electric service from a municipal utility or a cooperative electric association. The credit amount varies based on the type of property: $2,500 for a homestead and $15,000 for business property. The credit percentage decreases over time, starting at 15% for systems placed in service between 2025 and 2026, then 13% for systems placed in service between 2026 and 2027, and finally 11% for systems placed in service between 2027 and 2029.

Minnesota HF4082 provides a temporary income tax credit for the purchase and installation of solar energy systems.

Minnesota HF4082 offers a temporary income tax credit for the purchase and installation of solar energy systems. The credit is available to taxpayers receiving electric service from a municipal utility or a cooperative electric association. The credit amount varies based on the type of property: $2,500 for a homestead and $15,000 for business property. The credit percentage decreases over time, starting at 15% for systems placed in service between 2025 and 2026, then 13% for systems placed in service between 2026 and 2027, and finally 11% for systems placed in service between 2027 and 2029.