Up to $200,000 for Solar Energy Systems
Xcel Energy’s Solar Rewards Program provides an incentive of up to $3.50-per-watt (DC) for customers who install grid-connected photovoltaic (PV) systems ranging from 0.5 kilowatts (kW) to 10 kW-DC in capacity. The incentive is structured as a $2.00-per-watt rebate and a renewable-energy credit (REC) payment of up to $1.50 per watt. The REC payment may be adjusted, either up or down, based on the calculation of a system’s expected electricity output, compared with an optimally oriented, fixed (i.e., non-tracking) system at the customer’s location, but only if the calculated system output differs from the optimally oriented system output by more than 10%. Battery storage is not covered by the rebate. Maximum incentives are $35,000 for systems up to 10 kW; and $200,000 for the rebate portion for systems >10 kW up to 100 kW. To qualify for a solar rebate, participants must receive approval from Xcel Energy prior to installing the system. Contact: Xcel Energy, 5050 N Service Drive, Winona, CO 80202; 507-457-1249; http://www.xcelenergy.com/Residential/RenewableEnergy/
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