MN HF1079

Allows net reduction in electrical consumption from geothermal heating and cooling systems to count toward a utility's renewable energy obligation under Minnesota Statutes 2012, section 216B.1691.

Requires utilities to provide financial assistance reducing the purchase and installation cost by a specified percentage (percentage amount not filled in the bill text) for the geothermal system to qualify.

Requires the Commissioner of Commerce to determine calculation methods for measuring net electrical consumption reductions from geothermal system installations.

Defines qualifying geothermal heating and cooling systems as those that exchange thermal energy from groundwater or shallow ground sources, meet federal Energy Star standards, comply with applicable government and industry standards, and do not transmit electricity to the grid.

Effective the day following final enactment.