Xcel Energy – Solar Rewards Program

Program Overview

Implementing SectorUtility
CategoryFinancial Incentive
StateColorado
Incentive TypePerformance-Based Incentive
Web Sitehttps://co.my.xcelenergy.com/s/renewable/solar-rewards
AdministratorXcel Energy
Start Date08/15/2012
UtilitiesPublic Service Co of Colorado
Eligible Renewable/Other TechnologiesSolar Photovoltaics
Applicable SectorsCommercial, Local Government, Nonprofit, Residential, Installers/Contractors, Low Income Residential
Incentive Amount Solar*Rewards Small Program: REC Price: $0.005/kWh
Solar Rewards Medium Program: REC Price: $0.0375/kWh
Solar Rewards Large Program: See program website.
Maximum IncentiveSee program website.
TermsSee program website.
Eligible System Size Solar*Rewards Small Program: 25 kW DC and under
Solar Rewards Medium Program: 25.01 kW DC - 500 kW DC
Solar Rewards Large Program: See program website.
Ownership of Renewable Energy CreditsSubscriber organization

Summary

XCel’s Solar Rewards Program is an incentivized program, offering monthly or annual payments to the owner of the solar system in exchange for Renewable Energy Credits (RECs) for the energy produced by the solar system.

Eligibility
  • Must be an Xcel Energy residential or business electricity customer.
  • Must have an active and valid account number and premise number.
  • The customer’s name on the application must match the name on the Xcel Energy account/bill.
  • All equipment must be UL 1741 certified and listed within the Solar Equipment Lists on the California Energy Commission website opens in a new window.
  • Must provide general liability insurance for each occurrence based on the Gross AC Nameplate Rating of the Generation System greater than 1 MW AC.
 
Systems must be sized such that the expected generation  when combined with other distributed generation resources serving the service address, does not exceed 200% of historical consumption (i.e. the previous 12 months at the time of application submission).

See the above website for information on program application.

Contact

Xcel Solar Rewards Program

 

 

 

E-Mail:
SolarProgramCO@xcelenergy.com