Bill > SF2900

This bill establishes a geothermal heat exchange system rebate program in Minnesota to provide financial assistance for installing geothermal heating and cooling technology. The program is designed for eligible applicants including businesses, nonprofits, government entities, Tribes, and religious institutions that have received or applied for federal rebates under the Inflation Reduction Act. To qualify, applicants must own a Minnesota building, have completed an energy audit within the past 18 months, and install a geothermal heat exchange system with a capacity recommended by a certified auditor. The rebate will cover up to 15 percent of system costs, not exceeding $100,000 per project, and will prioritize applications from nonprofit or government-owned low-income multifamily or commercial properties. The program will be funded through two sources: a renewable development account appropriation for projects within a specific electric utility's service area, and a general fund appropriation for projects outside that area. A separate account will be established to manage the rebate funds, which will expire on January 1, 2033, with any remaining money transferred to the renewable development account. The goal is to incentivize the adoption of energy-efficient geothermal heating and cooling technologies across Minnesota.

Agriculture and Natural Resources

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2900&ssn=0&y=2025