Page updated 3/4/2024
Welcome to the Commercial Resources page of Xcel Energy’s Partners in Energy’s IRA Resource Guide (learn more about the Partners in Energy program here). The IRA is the most significant climate bill in American history. Xcel Energy’s Partners in Energy has developed this resource to guide you in finding the IRA resources that are available for your business and to illustrate how they combine with Xcel Energy or other incentives.
Resources for Commercial Energy Projects
Building Efficiency
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Xcel Energy energy savings programs
- IRA direct pay tax credit (§179D) for interior lighting; heating cooling, ventilation, and hot water systems; and building envelope improvements. For details, explore this Environmental Defense Fund IRA Building Efficiency Guide.
- State-specific:
- Colorado and Minnesota Xcel Energy Empower Facilities turnkey solution, including project support and financing options
- Colorado Nonprofit Energy Efficiency Program, including project funding for nonprofits serving income-qualified residents
- Colorado C-PACE financing
- Minnesota MinnPACE financing
- Wisconsin PACE financing
Electrification
- IRA direct pay tax credit (§48/§48E) for energy investments, including geothermal heat pumps. For details, explore this Environmental Defense Fund IRA Building Efficiency Guide.
- State-specific
- Colorado Geothermal Energy Grant
- Colorado C-PACE financing
- Minnesota MinnPACE financing
- Wisconsin PACE financing
Renewable Energy
- Xcel Energy renewable energy programs
- IRA direct pay tax credits (§45, §45Y, §48, and §48 (e), (h)) for renewable energy investment and production. For details, explore this Environmental Defense Fund IRA Renewable Energy Guide.
- State-specific
- Colorado Geothermal Energy Grant
- Colorado C-PACE financing
- Minnesota MinnPACE financing
- Wisconsin PACE financing
Electric Vehicles (EVs)
- Xcel Energy fleet and charging infrastructure programs
- IRA direct pay tax credits (§45W and §30C) for clean vehicles and charging infrastructure. For details, explore this Environmental Defense Fund IRA Fleet Electrification Guide.
- U.S. EPA Clean Heavy-Duty Vehicle Grants/Rebates.
- State-specific
- Colorado Fleet-ZERO Grant
- Colorado EV tax credit
- Minnesota State Electric Vehicle Rebate Program