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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!

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Colorado

Colorado

Incentives/Policies for Renewables & Efficiency

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Xcel Energy - Solar*Rewards Program   

Last DSIRE Review: 01/07/2015
Program Overview:
State: Colorado
Incentive Type: Performance-Based Incentive
Eligible Renewable/Other Technologies: Photovoltaics
Applicable Sectors: Commercial, Industrial, Residential, Nonprofit, Installer/Contractor, Multi-Family Residential
Amount:Customer-owned systems 0.5 kW - 25 kW: $0.02/kWh for first 10 years of production
Third-party-owned systems 0.5 kW - 25 kW: $0.01/kWh for first 20 years of production
Medium-sized systems 25.1-500 kW: $0.05/kWh
Terms:20-year contract
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 5-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
Web Site: https://www.xcelenergy.com/Save_Money_&_Energy/Rebates/Solar*Rewa...
Summary:

Note: Xcel Energy (Public Service Company of Colorado) is now accepting new applications for the Small and Medium program. For complete details, contact Xcel Energy for more information or see the approved 2014 Renewable Energy Standard Plan

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 January 2015. Check the website above for current REC pricing.

Small Program (0.5 – 25 kW) – Standard Offer

For the calendar years 2015-2016, the Small Program offers a 20-year contract (where REC payments are made for 10 years for 20 years worth of RECs) of payments of $0.02 per kilowatt-hour (kWh)) for eligible customer-owned systems. The Small Program also offers a 20-year contract (where REC payments are made for 20 years for 20 years worth of RECs) of payments of $0.01 per kWh for eligible third-party-owned systems. The capacity limit for the Small Program is 2 MW per month, for an annual capacity limit of 24 MW. For both ownership categories, there is a non-refundable interconnection study fee of either $100 (<10 kW systems) or $1,000 (>10 kW systems) and a $250 deposit (refundable if application completed within 365 days).

Medium Program (25.1 kW – 500 kW) – Standard Offer

For the calendar years 2015-2016, the Program offers a payment of $0.05 per kWh for eligible customer-owned or third-party-owned systems. Up to 3 MW of capacity will be approved each quarter, for an annual capacity limit of 12 MW. There is a non-refundable interconnection study fee of either $1,000 (25—250 kW systems) or $2,000 (>250 kW systems) and a $1,500 deposit (refundable if application is completed within 365 days).

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 5-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
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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 2014 - 2015 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.