Xcel Energy - Solar*Rewards Community Program (Colorado)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Xcel Energy - Solar*Rewards Community Program|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Commercial, Residential, Nonprofit, Local Government, Installer/Contractor, Low-Income Residential|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| 2013 Standard Offer Program: |
Funding has been exhausted; program is closed.
Determined through competitive bid. RFP released on August 1, 2013
|Eligible System Size||2 MW maximum size for Large RFP Program|
|Ownership of Renewable Energy Credits||Xcel Energy|
|Program Budget||Up to 9 MW of projects for 2013|
|Program Administrator||Xcel Energy|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Note: Xcel began accepting applications for the 2013 Standard Offer Program for systems between 10 kW and 500 kW on June 1, 2013. The program had a budget to support 4.5 MW of projects in 2013, which has been exhausted. The Standard Offer Program is now closed. The RFP Program for systems between 500.1 kW and 2 MW solicited competitive bids starting on August 1, 2013, for up to 4.5 MW of installations. See web site above for more information.
Legislation approved in 2010 allowed for the development of "community solar gardens" in Colorado. Under the rules of traditional net metering, a utility customer may offset their electricity consumption with electricity produced by a renewable energy system located on their property. Community solar gardens allow for multiple utility customers to purchase or lease interests in a single photovoltaic (PV) system not located on their property, and to have the electricity produced by their share of the system offset the electricity consumption of their home or business. Xcel Energy's Solar*Rewards Community Program provides incentives to stimulate the development of community solar gardens in its service territory.
The payments shown above are for the renewable energy credits (RECs) associated with the electricity produced by the system. REC payments are awarded to the subscriber organization which develops the project. Subscribing customers will receive bill credits for the amount of electricity produced by their share of the larger system, but will not receive the REC payments.
Community solar gardens must have at least 10 customer subscribers to qualify for this program, and at least 5% of the allocation must be attributed to income-qualified subscribers. No one subscriber can own an interest in more than 40% of a single project. Further, subscribing customers are limited to subscriptions that will produce no more than 120% of their annual electric usage. Subscribers must be Xcel Energy electric customers in the same county as the garden. Subscribers in counties with less than 20,000 population can participate in gardens in adjacent counties that also have populations less than 20,000.
Additional rules apply. See website above for complete details.
|Contact Name||Xcel Solar*Rewards Community Program|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.