Save money by scheduling your EV charging times. Below you'll find some energy programs for Minneapolis and the Twin Cities area.
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Effective March 11, 2025, Xcel is giving elegible customers a $500 rebate on charging system installations. Click here for details of the program. Income qualified customers may be eligible for up to $1,200.
The STANDARD parallel power programs require a separate meter socket, separate panel, and splicing into the primary feed from Xcel into your home.
A big advantage of the standard programs is that if you do not have a newer electrical system or your system does not have the capacity to add the power required by your vehicle, this option bypasses your system and can avoid costly upgrades.The Xcel Energy Accelerate At Home Program was released in December of 2020. This program does not include any of the costs and permitting required to get power from you panel to your parking space. You may or may not have the capacity in your panel to add their charger. This program requires purchasing or renting a charging station from Xcel and they will meter your power through your wi-fi connection to the chargerThe latest program released by Xcel Energy in 2023 is the Optimize-Your-Charge program which will give you a $50 annual statement credit if your agree to further restrict your charge time. This program can sit on top of either of the above programs for an added $50 per year.
There are two programs available with a $500 rebate if either program is installed, the Off-peak storage rate and the Time-of-use rate. The Off-peak storage rate installation includes adding a radio controller and meter socket (supplied by Dakota Electric at a nominal cost) and a contactor (supplied by us) to allow the power to be turned off and not available during the day.
This is typically a more expensive installation and limits your charging ability because they shut it off during the day. The Time-of-use option allows charging at all times with a substantial discount Off-Peak times are 9:00 pm to 8:00 am Mon. – Fri., and all day Weekends and Holidays. There is a premium fee if charging during peak times between 4:00 pm and 9:00 pm, but if needed, it is available. Dakota Electric charges $80 plus tax for equipment for the Time-of-use meter socket and $170 plus tax for the storage program. These costs are added to your untility bill as a 1-time cost.There is a a Virtual Metered EV rate that will save you .02 per kw and uses the new smart meters on your house to estimate your useage. No additional installation cost for this option.
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Power will be shut off by the utility and not available during peak times. The installation cost for this program is also more than the time-of-use. The time-of-use program allows for a smaller discount and power is available at all times. A separate meter socket is installed for this program and there is also $500 rebate available. New for 2024, you can purchase a monthly subscription for $35 per vehicle and no equipment is required. You'll need to do your own math to determine which program has the biggest savings. The most common program we install is the time-of-use seperate meter program
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