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Solar*Rewards - CO
Solar*Rewards
Get incentives, reimbursed for solar energy in Colorado
General Program Information
- Solar*Rewards has paid over $245 million dollars in incentives to customers.
- More than 110 MW of solar has been installed in Colorado through the Solar*Rewards program.
- We’ve installed more than 10,000 solar PV systems in Colorado.
How Do You Know You’re a Candidate for Solar*Rewards?
Participating in the Program
Rebates are available based on the size of your PV system.
Current REC Prices and MW Confirmed
The following charts reflect the current REC pricing and availability for the Solar*Rewards program. These charts will be updated daily with the current reviewed MW. REC prices are set and MW are counted when an application is marked as reviewed.
Charts last updated: 2-22-2012
Total MW Reviewed - 36.369 MW
| Step | Rebate (per watt) |
REC Price (per kWh) |
MW in step | MW Reviewed | MW Remaining in Step |
|---|---|---|---|---|---|
| 1 | $1.75 | 4¢ | 4 | 4.000 | 0 |
| 2 | $1.00 | 9¢ | 5 | 1.418 | 3.582 |
| 3 | 50¢ | 11¢ | 5 | 5 | |
| 4 | 0¢ | 14¢ | 6 | 6 | |
| Total | 5.418 | ||||
| Step | Rebate (per watt) |
REC Price (per kWh) |
MW in step | MW Reviewed | MW Remaining in Step |
|---|---|---|---|---|---|
| 1 | 16¢ | 4 | 4.000 | 0 | |
| 2 | 15¢ | 5 | 5.000 | 0 | |
| 3 | 12¢ | 5 | 1.951 | 3.049 | |
| 4 | 11¢ | 6 | 6 | ||
| Total | 10.951 | ||||
| Step | Rebate (per watt) |
REC Price (per kWh) |
MW in step | MW Reviewed | MW Remaining in Step |
|---|---|---|---|---|---|
| 1 | 15¢ | 3 | 3.000 | 0 | |
| 2 | 13¢ | 3 | 3.000 | 0 | |
| 3 | 11¢ | 4 | 4.000 | 0 | |
| Total | 10.000 | ||||
| Step | Rebate (per watt) |
REC Price (per kWh) |
MW in step | MW Reviewed | MW Remaining in Step |
|---|---|---|---|---|---|
| 1 | 15¢ | 3 | 3.000 | 0 | |
| 2 | 13¢ | 3 | 3.000 | 0 | |
| 3 | 11¢ | 4 | 4.000 | 0 | |
| Total | 10.000 | ||||
Current Program Spend
The following chart reflects the current program spend for the Solar*Rewards program for 2011. The chart is updated daily to reflect the current spend and available dollars.
Charts last updated: 2-22-2012
| Total Program Budget | $97,300,000 |
|---|---|
| Pre-March 23 Committed | $3,729,115 |
| Post-March 23 Committed | $5,638,206 |
| January REC & Rebate | $7,912,558 |
| February REC & Rebate | $7,427,308 |
| March REC & Rebate | $10,240,121 |
| April REC & Rebate | $7,928,565 |
| May REC & Rebate | $5,297,935 |
| June REC & Rebate | $3,515,571 |
| July REC & Rebate | $4,384,614 |
| August REC & Rebate | $4,941,204 |
| September REC & Rebate | $10,382,736 |
| October REC & Rebate | $2,620,453 |
| November REC & Rebate | $3,209,822 |
| December REC & Rebate | $2,955,796 |
| January REC & Rebate | $1,694,003 |
| RFP | $264,600 |
| Remaining Program Budget | $15,157,393 |
Time-of-Use Rate Availability
The following charts reflect how many projects have expressed interest and are eligible for the SPVTOU rate, as well as how many projects are already confirmed on the rate, and how many MW are still available.
Charts last updated: 2-22-2012
| Eligible | Confirmed | Remaining Availability |
|---|---|---|
| 3.933 MW | 0.293 MW | 0.707 MW |
| Eligible | Confirmed | Remaining Availability |
|---|---|---|
| 4.539 MW | 1.927 MW | 2.073 MW |
Additional Information
Program Updates and Communications
Receive program updates
Question or comments about the program, contact:
Please note: To ensure correct year-end processing, we must receive your Solar Bank Election by December 1st, 2011. (Applicable only for new customers and those who previously selected the Waive option) If you select the year-end payout option, you will receive a check in the mail by the first week of March 2012.
Solar Bank Election Form
Please email forms to solarprogram@xcelenergy.com
Line Diagram Requirements
Sample Line Diagram
Sample Site Plan
Home Usage Estimator
2011 Average Hourly Incremental Cost
2.905 cents
