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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 $276 million dollars in incentives to customers.
- More than 160 MW of solar has been installed in Colorado through the Solar*Rewards program.
- We’ve installed more than 14,800 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 are updated daily with the current reviewed MW. REC prices are set and MW are counted when an application is marked as reviewed. Please note that small program Steps 5-11 are part of the proposed settlement agreement and projects currently reserved at these steps have been assigned a conditional REC price that is contingent upon settlement by the PUC.
Charts last updated: 6/19/2013
| Step | REC Price (Customer/ Third Party) | MW in step | Customer Reviewed MW | Third party Reviewed MW | MW Remaining in Step |
|---|---|---|---|---|---|
| 1 | 15¢ / 10¢ | 4.8 | 0.736 | 4.064 | 0 |
| 2 | 14¢ / 9¢ | 4.8 | 0.813 | 3.987 | 0 |
| 3 | 13¢ / 8¢ | 4.8 | 0.759 | 4.041 | 0 |
| 4 | 11¢ / 7¢ | 4.8 | 1.113 | 3.687 | 0 |
| 5 | 9¢ / 6¢ | 4.8 | 0.602 | 1.247 | 2.951 |
| 6 | 8¢ / 5¢ | 4.8 | 0 | 0 | 4.8 |
| 7 | 7¢ / 4¢ | 4.8 | 0 | 0 | 4.8 |
| 8 | 6¢ / 3¢ | 4.8 | 0 | 0 | 4.8 |
| 9 | 5¢ / 2¢ | 4.8 | 0 | 0 | 4.8 |
| 10 | 4¢ / 1¢ | 4.8 | 0 | 0 | 4.8 |
| 11 | 3¢ / 1¢ | 4.8 | 0 | 0 | 4.8 |
| Step | Medium REC Price | MW in step | MW Reviewed | MW Remaining in Step |
|---|---|---|---|---|
| 1 | 10¢ | 8.2 | 8.2 | 0 |
| 2 | 9¢ | 8.2 | 8.2 | 0 |
| 3 | 8¢ | 8.2 | 8.2 | 0 |
| 4 | 7¢ | 8.2 | 1.805 | 6.395 |
Current Program Spend
The following chart reflects the current program spend for the Solar*Rewards program for 2013.
| Actual Program Spend by Month | |
|---|---|
| January REC & Rebate | $957,443 |
| February REC & Rebate | $1,299,305 |
| March REC & Rebate | $1,272,222 |
| April REC & Rebate | $1,645,228 |
Time-of-Use Rate Availability
In 2013, the company may acquire up to 16.4 MW of PV applications through the Medium program. The SPVTOU will be available for any project that is part of the available MW capacity.
System Interconnection Policies
Additional Information
Program Updates and Communications
Receive program updates
Question or comments about the program, contact:
Mailing Address
All application deposit checks and forms must be mailed to:
Xcel EnergySolar*Rewards Program
P.O. Box 59
Minneapolis, MN 55440-0059
