Minnesota provides a high level of public and private support for energy efficient technologies. Minnesota’s energy efficiency industry is supported by more than 30 years of demand-side management and energy efficiency policies with verifiable results.
Minnesota electric utilities and natural gas utilities are required to invest at least 1.5 percent and 0.5 percent of their gross operating revenues, respectively, on Conservation Improvement Programs (CIP) each year.
A 2015 study on the economic impact of CIP (.pdf) found that every dollar invested in CIP provides $4 to $4.30 in energy savings, environmental benefits, and new economic activity. Investments in energy efficiency improve the economy in two ways: (1) spending on energy efficiency projects supports jobs and business for contractors and suppliers directly involved in the projects, and (2) the money that consumers save from lower utility bills can be spent on other goods and services.
Energy efficiency and conservation are the first options for reducing energy use and minimizing related environmental concerns. Commerce provides resources to homeowners, businesses, schools, local governmental units, and nonprofits on ways to use less energy in public and private buildings.
Information for businesses and public entities include:
- Utility incentives for commercial, industrial customers
- Minnesota Energy Code
- Benchmarking your buildings
- Ground source heat pumps