Bill > SF2026

This bill provides a temporary tax credit for the purchase and installation of solar energy systems, including photovoltaic devices, solar water heaters, and solar thermal systems, in Minnesota. The credit is available for both homesteads and business properties, with varying percentages (15%, 13%, and 11%) and maximum amounts ($5,000 for homesteads and $20,000 per business property) depending on the year the system is placed in service. The credit can be carried forward for up to ten years if it exceeds the taxpayer's liability. The bill also outlines the application process and limitations, including a $5 million annual cap on the total credits issued, with at least $2.5 million reserved for homestead installations.