Implementing Sector | Utility |
Category | Financial Incentive |
State | Colorado |
Incentive Type | Rebate Program |
Web Site | https://www.holycross.com/renewable-energy-incentives/ |
Administrator | Holy Cross Energy |
Utilities | Holy Cross Electric Assn, Inc |
Eligible Renewable/Other Technologies | Geothermal Electric, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Wind (Small), Hydroelectric (Small) |
Eligible Storage Technologies | Lithium-ion |
Applicable Sectors | Commercial, Local Government, Nonprofit, Residential, Schools, Federal Government, Agricultural, Institutional |
Incentive Amount | Varies by system size and customer type (see summary below) |
Maximum Incentive | $30,000 for all members for renewable generation $15,000 for all members for energy storage No more than 40% of the installed cost of any project |
Eligible System Size | Maximum production of 120% of customer's annual demand or 25 kW, whichever is less |
Ownership of Renewable Energy Credits | Holy Cross Energy |
Holy Cross Energy’s WE CARE (With Efficiency, Conservation And Renewable Energy) Program offers an incentive for customers who install renewable energy generation for net metering at their premises. Eligible renewable energy technologies include wind, hydroelectric, photovoltaic, biomass, and geothermal sources.
Incentive
The incentive offered varies by the size of the renewable energy system as follows:
For example, a 15 kW system is eligible for a $2,400 (= ($250 * 6 kW) + ($100 * 9 kW)) incentive.
Energy storage systems of up to 25 kW are eligible for an incentive of $250 per kW; systems that are enrolled in the Distribution Flexibility Program are eligible for an incentive of $500 per kW.