O’Neill Electric Inc. is committed to providing the highest quality of electrical contracting in serving our clients vision in Renewable Energy. From the preconstruction stage to commissioning, our extensive expertise, innovative service, and strategic execution ensure a successful and desired project outcome!
Together we can create a vision in advancing your sustainable future!
Benefits
Renewable Energy plays a vital role in reducing greenhouse gas emissions, particularly Carbon Dioxide (CO2) and the most abundant form of Renewable Energy is Solar Energy. Without producing air pollutants or carbon dioxide, the most common solar system: Photovoltaic Panels (PV); takes energy from the sun that is then converted into electrical energy which then can be stored in batteries or thermal storage. From being environmentally friendly to reducing one’s electric bill, solar energy is expected to increase through 2050.
Incentives
RESIDENTIAL SOLAR
Residential Renewable Energy Tax Credit – In December 2020, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 was signed which extended the 26% tax incentive that was supposed to expire on December 31st, 2020. When a system is placed in service after 12/31/2019 and before 01/01/2023; taxpayers can claim a credit for their solar system if it serves a dwelling unit that is owned and used as a residence by the taxpayer in the United States.
Xcel Solar*Rewards Program – Xcel Energy offers a performance-based incentive for homes and businesses to help offset the cost of installing PV. The Solar*Rewards Program takes the extra energy your solar system produces, adds it to their grid, and offers the excess energy back in credits to your bill.
Minnesota Power SolarSense Rebate Program – Minnesota Power offers a similar performance-based incentive as Xcel in helping reduce the upfront costs of installing solar. SolarSense is only available for customers that install a solar electric photovoltaic (PV) system.
COMMERCIAL SOLAR
Business Energy Investment Tax Credit – Similar to the Residential Renewable Energy Tax Credit, the Investment Tax Credit of 26% has been extended through 12/31/2022. The Business Energy Investment Tax Credit is eligible for properties that use solar technologies to create electricity to heat or cool a structure.
Saint Paul Port Authority PACE Program – Available to businesses throughout any city and county in the State of Minnesota. The program usually has an interest rate under 5% with a term less than 10 years and a max of 15 years. It provides energy efficiency and renewable energy projects throughout the state of Minnesota for Businesses, non-profits, and housing.