This bill proposes changes to Minnesota's energy policies by repealing the Renewable Development Account, sunsetting the utility's solar production incentive program, and establishing a new solar energy production incentive account. Key details include:

1. Repeal of Renewable Development Account: The bill eliminates the account and makes statutory changes to reflect this repeal.
2. Modification of the Solar Energy Production Incentive Program:
   • The utility must continue operating the solar incentive program through December 31, 2025.
   • From January 1, 2026, the program will be managed by the Commissioner of Commerce instead of the utility.
   • Incentives are available for solar systems up to 40 kW, with specific eligibility requirements.
   • Funds allocated for solar incentives from 2019 and 2020 will continue to be available for the program.
   • Annual funding amounts are specified through 2035, with a portion allocated for low-income installations.
   • Any unspent funds as of December 31, 2025, must be refunded to utility customers, and any remaining funds as of January 1, 2028, must be transferred to the general state fund.
3. Creation of a Solar Energy Production Incentive Account:
   • A special revenue account is established for incentive payments.
   • Funds will be managed by the Commissioner of Commerce.
   • The program will run from January 1, 2026, to December 31, 2036, with any remaining funds after that time reverting to the general fund.
   • The utility will inform the commissioner about required withdrawals and participant payments.
   • Beginning in fiscal year 2027, the general fund will allocate the necessary funds to continue supporting solar incentive payments for projects initiated before 2027.
4. Program Expiration:
   • The solar energy production incentive program will officially expire on April 1, 2037.

Overall, the bill transitions the solar incentive program from utility-controlled funding to state management and phases it out by 2037 while eliminating the existing Renewable Development Account.