With the recent release of data for the new Chevy Volt, GM’s marketing of fuel economic vehicles in general, and a quickly rising interest in hybrid technology across the industry, it’s no wonder articles for alternative energy resources have been appearing all over the internet. Among them are two new solar plants in California as well as an article on geothermal heating in the New York Times.
Being from Minnesota, reading these articles got me thinking about what sort of resources are available a bit closer to home. Of several topics I’ve written about before were Anderson Inc’s use of fibrous biomass to create ethanol in my article, Rumplestiltskin, but several other alternative energy types can also be found throughout the state, and continue to thrive with the aid of federal and state incentive programs and rebates.
Of special note are tax exemptions on real and personal property of wind systems, though taxes on production still apply. Other incentives include $1,000 to $20,000 rebate for grid connected solar electric systems. Both systems currently in wide use by farms and business throughout the state.
Companies in Minnesota supporting windpower include Xcel Energy Inc (XCJ), which is required by the state to produce nearly a third of its energy from renewable sources by 2020, and MidAmerica Energy (MDPWK). Solar companies include Innovative Power Systems which contracts solar energy systems and Cypress Semiconductor, which produces photovoltaic cells.
Among others are incentives for ethanol and biomass production as well as the federal hybrid vehicle tax credit.
I’m not entirely sure how Minnesota stacks up with the rest of the country, but it seems like a start in the right direction. With continued funding and research, these systems continue to grow in acceptance.
For more information on Minnesota Alternate Power Incentives, check out:
Minnesota Renewable and Efficiency Incentives