Xcel Energy - Solar*Rewards Program (Colorado)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Xcel Energy - Solar*Rewards Program|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Commercial, Residential, Nonprofit, Installer/Contractor|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| Customer-owned systems up to 25 kW: 0.03/kWh for first 10 years of production|
Third-party-owned systems up to 25 kW: 0.01/kWh for first 20 years of production
|Eligible System Size|| Minimum size of 0.5 kW|
Limited to 120% of average annual consumption of the site
|Equipment Requirements|| Eligible modules and inverters are listed on the California Energy Commission web site;|
Solar systems must carry a five-year warranty from both the manufacturer and the installer, including parts and labor.
|Start Date||3/1/2006; 6/20/2014 restarted|
|Ownership of Renewable Energy Credits||Xcel Energy|
|Program Administrator||Xcel Energy|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Note: On June 20, 2014, Xcel began accepting new applications for its Small and Medium programs, which had been closed to new applications since 2013. As of June 25, 2014, Xcel had reserved all 7 MW of annual capacity in the Medium program. Xcel will continue to accept new applications for the Medium program, but they will be placed in queue until the Public Utilities '''''Commission issues a final decision on Xcel’s''''' 2014 Renewable Energy Standard Plan'''''. Xcel will continue to offer up to 4 MW per month under the Small program until the '''''final decision.
Xcel Energy's Solar*Rewards Program provides incentives for customers who install grid-connected photovoltaic (PV) systems sized up to 120% of the average annual load of their homes and facilities in exchange for the renewable energy credits (RECs) produced by the systems. All REC purchases are for a period of 20 years unless other legal provision supersedes. The size of the REC payment depends on the size of the system and the owner of the system as shown below. These payments will step down over time as distinct capacity levels, in megawatts (MW), are reached for each system classification. The follow REC payments are in effect as of June 20, 2014. Check the website above for current REC pricing.
Small Program (<25 kW) – Standard Offer
Small customer-owned systems are eligible for payments of $0.03 per kilowatt-hour (kWh) for the first 10 years of production. Third-party-owned systems are eligible for payments of $0.01 per kWh for the first 20 years of production. For both ownership categories, there is a non-refundable interconnection study fee of either $100 (<10 kW systems) or $1,000 (>10 kW systems). The capacity limit is 4 MW per month.
Medium Program (25 kW – 500 kW) – Standard Offer
Medium customer-owned or third-party-owned systems are eligible for a payment of $0.06 per kWh for the first 6 MW and $0.05 per kWh for last 1 MW, making for a total capacity limit of 7 MW. There is a non-refundable interconnection study fee of either $1,000 (25—250 kW systems) or $2,000 (>250 kW systems).
Large Program (>500 kW) – Competitive Bid
Incentives under the Large program are determined through a competitive bid process (Request for Proposals). There are two types of non-refundable fees associated with the Large program: (1) a bid evaluation fee of $500 and (2) an interconnection study fee of $2,000.
To qualify for a solar rebate, participants must submit an application and receive approval from Xcel Energy prior to installing the system. A list of PV modules and inverters eligible for the rebate is available on the California Energy Commission’s website. All PV systems must carry a five-year warranty from both the manufacturer and the installer, including parts and labor.
Net metering is available for Xcel Energy's customers, with net excess generation (NEG) at the end of a monthly billing period credited to the next month’s bill. If a customer has NEG at the end of a calendar year, the customer will be paid for the credit at a rate comparable to the utility's avoided-cost rate, or the customer may make a one-time election to have the NEG carried forward from month to month indefinitely as a kilowatt-hour credit.
|Contact Name||Program Information|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.