Bill > HF1317

This bill provides a temporary tax credit for the purchase and installation of solar energy systems in Minnesota. The credit is available for solar energy systems installed on residential homesteads and business properties, with a higher maximum credit amount for business properties. The credit percentage decreases over time, from 15% for systems installed in 2019 to 11% for systems installed in 2020-2022. The credit is available to taxpayers receiving electric service from municipal utilities or cooperative electric associations that meet certain requirements. The bill sets a total annual cap on the credits issued, with a portion reserved for residential homesteads, and allows any unused credits to be carried forward for up to 10 years.