At Security Bank & Trust Co., we’re dedicated to supporting the growth and success of our community—both financially and sustainably. As the focus on clean energy continues to rise, communities across Minnesota, from small towns to metro hubs, are leading the way in adopting green energy solutions. These counties are working together to promote sustainability while providing real benefits to small businesses, from tax incentives to energy savings, positioning Minnesota as a leader in clean energy practices.
Working Together for Clean Energy Across Minnesota
Throughout Minnesota-including agricultural regions, suburban towns, and metro neighborhoods-local governments, businesses, and residents are teaming up to implement clean energy projects. This collaboration has fueled significant growth in wind, solar, and other renewable energy initiatives. Through organizations like the Rural Minnesota Energy Board, smaller communities can share resources, simplify implementation, and ensure projects reflect local priorities.
For example, southwestern Minnesota has become home to some of the largest wind farms in the country, providing both renewable energy and economic growth for local businesses. The Rural Minnesota Energy Board has been instrumental in facilitating these projects, helping smaller markets adopt clean energy solutions. Minnesota Renewable Energy Society provides valuable resources for communities seeking to implement clean energy projects.
Additionally, Minnesota’s state government supports these efforts through grants, incentives, and partnerships that make the shift to clean energy more affordable for all. For more information on Minnesota's renewable energy policies, visit Minnesota Department of Commerce.
How Small Businesses Are Benefiting
Businesses of all sizes—from rural storefronts to downtown startups are seeing some of the greatest rewards from clean energy programs. Federal and state tax credits, combined with lower energy costs, allow businesses to save money and reinvest those savings into their operations. The federal Investment Tax Credit (ITC) offers up to 30% back on the installation of solar panels, making it an attractive option for businesses looking to reduce their carbon footprint.
State-level programs further enhance these savings. For example, Xcel Energy's Solar*Rewards program offers financial incentives for businesses to install solar energy systems. Local programs, like the Minnesota Business Energy Efficiency Program, help businesses improve their energy efficiency, reducing both energy consumption and costs.
These tax incentives and energy savings help both rural and urban businesses remain competitive, improve their bottom line, and support sustainability efforts. Clean Energy Resource Teams provides a wealth of resources to help businesses navigate available incentives and programs.
Minnesota: A State Leading in Clean Energy
Minnesota is taking strong initiative and has a great outlook on becoming a leader in clean energy. Minnesota holds an ambitious goal to generate 100% carbon-free electricity by 2040. The state’s commitment to renewable energy has already resulted in the development of vast wind farms and large-scale solar projects.
Minnesota’s forward-thinking policies allow communities of all sizes-from farming towns to major cities-to benefit from clean energy projects that create jobs and boost the economy. Programs like the Minnesota Clean Energy Fund support renewable energy innovation by funding new technologies and helping businesses make the switch to green energy.
Tips for Small Businesses Looking to Save Through Clean Energy
Clean energy provides several benefits to small businesses in rural Minnesota. By embracing renewable energy solutions, businesses can reduce energy costs, access valuable incentives, and contribute to a greener future. Here is what you can do to take advantage of these opportunities:
Explore Available Tax Incentives: The federal Residential Clean Energy Credit allows businesses to deduct 30% of the cost of installing solar energy systems from their federal taxes. This includes equipment, labor, and sales tax.
Consider Solar Power: Solar energy is a highly accessible and efficient form of renewable energy for small businesses. Programs like Xcel Energy's Solar*Rewards offer annual payments based on the energy your system generates, helping offset installation costs
Invest in Energy Storage Solutions: Battery storage systems allow businesses to store excess energy generated by renewable sources such as solar. This can help reduce energy costs and improve energy efficiency.
Join Local Clean Energy Programs: Regardless of your location, many counties and cities offer group programs and collective purchasing opportunities to help businesses access renewable energy solutions at a lower cost. Look into local initiatives through organizations like the Minnesota Renewable Energy Society, which supports businesses in adopting clean energy technologies through partnerships and shared resources.
Clean Energy Opportunities for Metro Businesses
While many clean energy programs were originally designed for rural implementation, metro businesses have growing access to unique solutions tailored for urban infrastructure.
Take Advantage of Community Solar Gardens: Businesses located in cities often lack the rooftop space for solar panel installations. It is becoming increasingly popular, especially in the Twin Cities metro area for Community Solar Gardens to allow businesses to subscribe to shared solar arrays and receive energy credits directly on their utility bills without installing equipment on-site.
Modify Existing Buildings for Energy Efficiency: Urban businesses can upgrade lighting, HVAC, and insulation to save money and energy. Programs like Xcel Energy’s Business Efficiency Program provide rebates, assessments, and support.
Apply for Green Building Certification Incentives: Cities like Minneapolis and St. Paul offer support for businesses pursuing LEED or ENERGY STAR certifications—helping reduce energy use while attracting sustainability-minded customers.
Utilize City-Specific Grant Opportunities: For example, the Minneapolis Green Cost Share program offers matching grants for solar installations, energy efficiency upgrades, and pollution reduction. Check with your city’s sustainability office or economic development department for similar initiatives.
Conclusion
From rural counties to urban corridors, Minnesota communities are proving that collaboration is crucial to driving clean energy adoption and generating sustainable growth. The benefits for small businesses are immense-from tax credits and energy savings to greater energy independence. As these initiatives continue to expand, Minnesota is strengthening its position as a leader in clean energy.
At Security Bank & Trust Co., we’re proud to support the sustainable growth of our community. We encourage local businesses to explore clean energy solutions and take advantage of the incentives available to help reduce their environmental impact and grow their business.
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