Skip Navigation

The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are!

US Department Energy Efficiency and Renewable Energy
IREC North Carolina Solar Center
Home Glossary Links FAQs Contact About Twitter    Facebook
Colorado

Colorado

Incentives/Policies for Renewables & Efficiency

Printable Version
Xcel Energy - Solar*Rewards Program   

Last DSIRE Review: 10/14/2014
Program Overview:
State: Colorado
Incentive Type: Performance-Based Incentive
Eligible Renewable/Other Technologies: Photovoltaics
Applicable Sectors: Commercial, Residential, Nonprofit, Installer/Contractor
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
Systems 25-500 kW: $0.06/kWh for first 6 MW and $0.05/kWh for last 1 MW
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.
Ownership of Renewable Energy Credits:Xcel Energy
Start Date:3/1/2006; 6/20/2014 restarted
Web Site: https://www.xcelenergy.com/Save_Money_&_Energy/Rebates/Solar*Rewa...
Summary:

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. As of October 13, 2014, Xcel had reserved all 20 MW of annual capacity in the Small Program. Xcel will continue to accept new applications for both programs, but they will be placed in queue until a final decision on the 2014 Renewable Energy Standard Plan has been issued. 

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, with a maximum total of 20 MW.

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.

Application Process

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

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:
  Program Information
Xcel Energy
E-Mail: solarprogram@xcelenergy.com
NCSU - home
Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.