SF1434

SF1434 (Legislative Session 94 (2025-2026))

Solar energy production incentive program allocations from the renewable development account elimination after 2025 provision

AI Generated Summary

Senate File No. 1434 is a bill proposed in Minnesota that aims to stop funding the Solar Energy Production Incentive Program from the Renewable Development Account after the year 2025. This program, for now, provides financial incentives to owners of small solar energy systems (up to 40 kilowatts per location) to encourage the production of solar power. The bill outlines that even after funding stops, any money left unallocated by the end of a year will remain available to the solar program until January 1, 2028.

The bill changes how the program is financed, specifies how much money will go to the program each year up until 2025, and highlights certain allocations for low-income installations. It also requires the utility company running the program to continually get approval from the commissioner of commerce before making any operational changes. The aim of these incentives is to support the installation and use of solar power systems, thereby fostering renewable energy generation and reducing reliance on non-renewable energy sources. However, the bill proposes ending this particular source of funding after 2025.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 16, 2025	Senate	Floor	Action	Introduction and first reading
February 16, 2025	Senate	Floor	Action	Referred to	Energy, Utilities, Environment, and Climate

Citations

[
  {
    "analysis": {
      "added": [
        "A new provision for unspent funds to be transferred to the renewable development account."
      ],
      "removed": [
        "Allocations from the renewable development account to the solar energy production incentive program beyond 2025."
      ],
      "summary": "This bill amends the solar energy production incentive program under section 116C.7792 to eliminate allocations after 2025.",
      "modified": [
        "Changes in funding allocations for the years 2021 through 2025."
      ]
    },
    "citation": "116C.7792"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "References the governing program managed by the utility company.",
      "modified": [
        "Specifies the operation and funding requirements for the utility's program from section 116C.779."
      ]
    },
    "citation": "116C.779"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This statute is referenced for eligibility standards for solar energy systems.",
      "modified": [
        "Clarifies sizing requirements in relation to customer's annual energy consumption."
      ]
    },
    "citation": "216B.1641"
  }
]