Minnesota SF2900 establishes a rebate program for geothermal heat exchange systems in commercial and multifamily buildings.

Minnesota SF2900 establishes a rebate program for geothermal heat exchange systems in commercial and multifamily buildings. The program provides financial assistance to eligible applicants who install geothermal heat exchange technology. Rebates are capped at 15% of system costs, up to $100,000 per project. Priority is given to applications from nonprofits, government entities, and those with experience in installing heat pumps. The commissioner of commerce manages the program, which is funded by appropriations from the renewable development account and the general fund.

Minnesota SF2900 establishes a rebate program for geothermal heat exchange systems in commercial and multifamily buildings.

Minnesota SF2900 establishes a rebate program for geothermal heat exchange systems in commercial and multifamily buildings. The program provides financial assistance to eligible applicants who install geothermal heat exchange technology. Rebates are capped at 15% of system costs, up to $100,000 per project. Priority is given to applications from nonprofits, government entities, and those with experience in installing heat pumps. The commissioner of commerce manages the program, which is funded by appropriations from the renewable development account and the general fund.