Financing Rebates Incentives Power Purchase Agreements
Xcel Energy Rebates
Xcel Energy's Solar*Rewards Program provides up to a $3.50-per-watt (DC) incentive for customers who install grid-connected photovoltaic (PV) systems at least 0.5 kilowatts (kW) in capacity, up to a maximum of 10 kW-DC.
The incentive is structured as a $2.00-per-watt Standard Rebate Offer (SRO) and $1.50-per-watt Solar On-site Renewable Energy Credit (SO-REC) payment. The SO-REC payment may be adjusted, either up or down, based on the calculation of expected kWh of electric output as compared with an optimally oriented, fixed (i.e., non-tracking) system at the customer's location. Additional cost related to battery backup systems are not covered by the rebate. To qualify for a solar rebate, participants must submit an application and receive an approval letter prior to installing the system. SolSource will take care of all rebate paperwork. All you have to do is sign!
Net metering allows for a customer to be paid pack at the retail rate for any solar energy they produce and use. If extra power is produced one month, it will carry over to the next month. If a customer produces more electricity than they use over the course of a year the customer will be paid for any overage at Xcel Energy's wholesale rate or AHIC (Average Hourly Incremental Cost). This rate is less than the retail rate.
Black Hills Energy (formerly Aquila)
Black Hill's On-Site Solar PV Rebate Program provides an incentive of $2 per watt DC of installed photovoltaic (PV) capacity combined with a separate payment for the renewable energy credits (RECs) associated with the PV-generated electricity over a 20-year period. The rebate and REC payment incentive program are avialable to any Black Hills Energy customer who installs a new PV system up to 100 kilowatts (kW) in capacity for onsite use.
Rebates and REC payments for PV systems up to 10kW will be calculated at $2 per DC watt. A one-time REC payment is currently set at a rate of $2.50 per DC watt. Rebates and REC payments for PV systems greater than 10 kW and up to 100kW are $2 per DC watt. An annual REC payment of $115 is provided for every megawatt-hour (MWh) of actual metered output of the PV system.
SolSource's office in Colorado Springs services the Black Hills service territory.
Colorado Springs Utilities
Through its Renewable Energy Rebate Program, Colorado Springs Utilities (CSU) offered a $3.75 per-watt (AC) rebate to customers who installed grid-connected solar electric (PV) systems during 2008 with a minimum capacity of 500 watts and a maximum of 10kW for residential systems and 25kW for commerecial systems.
The 2009 program budget is still under discussion by the Utilities Board, but is expected to be replenished so that additional customers can benefit. The incentive amount, however, is likely to decrease by $0.25 to $0.50 per watt per year. SolSource installed ten systems under the initial 2008 program.
Xcel Energy Rebates
Xcel Energy's Solar*Rewards Program provides up to a $3.50-per-watt (DC) incentive for customers who install grid-connected photovoltaic (PV) systems at least 0.5 kilowatts (kW) in capacity, up to a maximum of 10 kW-DC.
The incentive is structured as a $2.00-per-watt Standard Rebate Offer (SRO) and $1.50-per-watt Solar On-site Renewable Energy Credit (SO-REC) payment. The SO-REC payment may be adjusted, either up or down, based on the calculation of expected kWh of electric output as compared with an optimally oriented, fixed (i.e., non-tracking) system at the customer's location. Additional cost related to battery backup systems are not covered by the rebate. To qualify for a solar rebate, participants must submit an application and receive an approval letter prior to installing the system. SolSource will take care of all rebate paperwork. All you have to do is sign!
Net metering allows for a customer to be paid pack at the retail rate for any solar energy they produce and use. If extra power is produced one month, it will carry over to the next month. If a customer produces more electricity than they use over the course of a year the customer will be paid for any overage at Xcel Energy's wholesale rate or AHIC (Average Hourly Incremental Cost). This rate is less than the retail rate.
Black Hills Energy (formerly Aquila)
Black Hill's On-Site Solar PV Rebate Program provides an incentive of $2 per watt DC of installed photovoltaic (PV) capacity combined with a separate payment for the renewable energy credits (RECs) associated with the PV-generated electricity over a 20-year period. The rebate and REC payment incentive program are avialable to any Black Hills Energy customer who installs a new PV system up to 100 kilowatts (kW) in capacity for onsite use.
Rebates and REC payments for PV systems up to 10kW will be calculated at $2 per DC watt. A one-time REC payment is currently set at a rate of $2.50 per DC watt. Rebates and REC payments for PV systems greater than 10 kW and up to 100kW are $2 per DC watt. An annual REC payment of $115 is provided for every megawatt-hour (MWh) of actual metered output of the PV system.
SolSource's office in Colorado Springs services the Black Hills service territory.
Colorado Springs Utilities
Through its Renewable Energy Rebate Program, Colorado Springs Utilities (CSU) offered a $3.75 per-watt (AC) rebate to customers who installed grid-connected solar electric (PV) systems during 2008 with a minimum capacity of 500 watts and a maximum of 10kW for residential systems and 25kW for commerecial systems.
The 2009 program budget is still under discussion by the Utilities Board, but is expected to be replenished so that additional customers can benefit. The incentive amount, however, is likely to decrease by $0.25 to $0.50 per watt per year. SolSource installed ten systems under the initial 2008 program.
