Bill > HF2311

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 systems installed on homesteads and business properties, with varying credit percentages and maximum credit amounts depending on the year the system was placed into service. The credit is refundable, meaning any excess credit amount over the taxpayer's liability will be refunded. The tax credit is effective for taxable years beginning after December 31, 2022, and before January 1, 2026, and the credit program expires on January 1, 2027.