National Solar Capacity Ranking: 19th
Data Current Through: Q4 2024
Data References:
SEIA/Wood Mackenzie Power & Renewables, Solar Market Insight 2024 Year-in-Review
IREC, National Solar Jobs Census
Energy Information Administration, Electric Power Monthly
SEIA, National Solar Database
2,867
19th (21st in 2024)
418,216 homes
4.70%
4,795
164 (36 Manufacturers, 54 Installers/Developers, 74 Others)
$4.2 billion
42% over the last 10 years
2,609 MW over the next 5 years (ranks 24th)
23,072
Department of Commerce – Find a wide variety of information on state government energy programs, policy, projects, energy-saving strategies and energy-related statistics
DSIRE incentives database – Minnesota – Search a public clearinghouse for specific solar energy incentives in Minnesota and across the United States
Minnesota Solar Panels Overview – Learn about the history of solar policy in Minnesota, along with up-to-date pricing information on EnergySage
Public Utilities Commission – Learn about the governing body that regulates the electricity rates and services of Minnesota public utilities
Solar Panel Cost in Minnesota – Learn about the history of solar policy in Minnesota, along with up-to-date pricing information on EnergySage
Solar Rebates & Incentives in Minnesota – Check out EnergySage’s list of key solar incentives in Minnesota to see what programs you can benefit from
State Legislature – Track pending legislation affecting solar energy, locate and contact individual legislators, and stay up to date on current legislative issues in Minnesota
U.S. Energy Information Administration – Minnesota State Profile – Explore official energy statistics, including data on electricity supply and demand, from the U.S. government
Minnesota Energy Storage Policy and Market Overview
Minnesota is taking key steps to advance energy storage deployment and grow the market. Bilateral action from regulators and utilities is encouraging deployment of both BTM and FTM storage to reduce customer costs and cement grid reliability.
Minnesota was one of the first states to mandate a benefit-cost analysis study for energy storage (2019). The report issued critical insight to legislators and regulators on optimal times to accelerate market growth. Regulations codified in 2024 by the PUC mandate electric utility planning transparency. Minnesota Statute 216B.2422 requires utilities with more than 10,000 retail customers to include energy storage systems in their IRP filings. As of 2023, Minnesota reported a 16 MW capacity of storage.
In 2024, the Minnesota Commerce Department and electric utility, Xcel Energy established incentives supporting energy equity and solar-plus-storage. Such incentives equip Minnesota to continue accelerating deployment. A market-based approach to accelerate energy storage growth through favorable tax policies, and utility and state incentives, is solidifying Minnesota for prolonged energy storage growth.
Minnesota Energy Storage Policy Resources