MN HF3033

Prairie Island nuclear plant owner must transfer $500,000 annually to renewable development account when operating and $7,500,000 annually when not operating, for each dry cask containing spent fuel; Monticello plant owner must transfer $350,000 annually when operating and $5,250,000 annually when not operating.

Funds in renewable development account can only be spent on renewable energy source development projects, with preference given to in-state projects, and the utility owning a nuclear plant may apply for grants evaluated by the renewable development fund board.

Commissioner of Commerce shall establish a rebate program for owners of qualified properties installing solar photovoltaic modules manufactured in Minnesota after December 31, 2009, with rebates beginning July 1, 2010.

Solar module rebate eligibility requires Minnesota manufacture, installation on qualified property with generating capacity not exceeding 40 kilowatts, third-party certification, installation by certified solar installer, and prohibition on retail electricity sales; rebates capped at 60 percent of total installed cost and paid over five consecutive annual installments.

$2,000,000 to $5,000,000 annually from fiscal year 2011-2015 transferred from renewable development account to Commissioner of Commerce for solar rebates, with up to $39,000-$42,000 annually available for program administration.