Maximizing Your Home Investment with Incentives

Federal, state, and local incentives* make energy-efficient upgrades and new construction more accessible for businesses across the Midwest. Property owners in Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota can take advantage of rebates, state programs, and federal tax credits for improvements such as advanced insulation, energy-efficient windows, and high-performance HVAC systems.

Additionally, businesses can leverage demand response programs to further optimize energy use, reduce costs during peak periods, and qualify for additional incentives. These programs, combined with energy-efficient upgrades, can significantly lower operating expenses, enhance property value, and contribute to sustainability goals. With incentives at their peak, now is the perfect time to invest in energy-efficient improvements for your commercial property.

State Incentives

The Midwest offers a range of tax incentives* and rebates to encourage energy-efficient and sustainable new construction for commercial property owners and developers. Here’s an overview of common incentives across the region, including Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota:

Minnesota’s CIP requires electric and natural gas utilities to invest a portion of their revenues into energy conservation programs. Commercial customers can access rebates and technical assistance for energy-efficient equipment upgrades, system improvements, and process efficiency projects.

Offers rebates to qualifying commercial, industrial, and agricultural customers for installing high-efficiency equipment upgrades, including lighting, motors, and HVAC systems.

The Iowa Energy Office is in charge of managing SEP funds, which support energy efficiency initiatives by providing funding for energy audits and the implementation of energy-saving measures in commercial buildings.

Xcel Energy offers energy efficiency programs for commercial customers in North Dakota, including rebates for energy-efficient equipment and participation in demand response programs to optimize energy use and reduce costs during peak periods.
South Dakota provides property tax exemptions for renewable energy systems under 5 megawatts, applicable to commercial properties. Additionally, some utilities offer rebates for energy efficiency purchases; it’s advisable to contact your local utility provider for specific information.

While these incentives offer significant savings, it’s important to note that they can change frequently. To maximize your benefits, we recommend checking with local government offices, utility providers, or energy authorities to confirm the latest programs available and determine your eligibility. Staying informed on current incentives can make energy-efficient, sustainable construction more accessible and affordable, reducing operating costs and enhancing the value of your commercial property across the Midwest.

*Disclaimer: Wolf River Construction is not a tax professional, and the information provided is for general guidance only. We recommend consulting with a qualified accountant or tax advisor to determine which tax credits and incentives you may qualify for based on your specific circumstances.