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Xcel Energy is committed to delivering safe, affordable energy using environmentally responsible practices and renewable resources. The Solar*Rewards program helps to make installing solar panels on your home or business more affordable. When you install solar panels on your home or business, you help protect the environment.
Since 2006, Solar*Rewards has paid over $297 million in incentives to Colorado customers. We’ve helped to install more than 19,800 PV systems. More than 200 MW of solar has been installed in Colorado through the Solar*Rewards program. If you’re interested in installing a PV system at your home or business, the Solar*Rewards program is here to help.
Click on the following links for more details on each program segment:
Applying for solar incentives through Solar*Rewards is easy. Our standard incentives are based on the size of the PV system you decide to install. Visit our application website to get started.
The charts below are updated each business day and reflect the current incentive levels and availability for the Solar*Rewards program. Incentives are paid to the owner of the PV system based on the amount of energy the PV system produces (¢ per kWh).
Last Update: 9/17/2014
|Month||REC Price (Customer-owned / Third Party-owned)||Customer Reviewed MW||Third Party Reviewed MW||Total Allowed MW||Total Reviewed MW|
|June||3¢ / 1¢||0.435||3.565||4.000||4.000|
|July||3¢ / 1¢||0.899||3.113||4.000||4.000|
|August||3¢ / 1¢||0.681||3.332||4.000||4.000|
|September||3¢ / 1¢||0.763||3.241||4.000||4.000|
|October||3¢ / 1¢||---||---||4.000||Reviewing Begins 10/1/2014|
*Capacity limit is up to 4 MW per month, not to exceed a total of 20 MW. If 4 MW worth of applications are reserved in a single month, we will continue to accept new applications and process deposits, but will not set incentive levels or reserve additional capacity until the first day of the next month, when a new 4 MW capacity allocation opens.
|Step||Medium REC Price||MW in step||MW Reviewed||MW Remaining in Step|
Below is a link to the most recent monthly report containing information about installed capacity and program spend.
Our products and services differ based on state. Please select your state (or the state you're interested in) from the list to the left.
Why do our products and services differ based on state? Because our business is regulated by state. We have regulated operations in eight Western and Midwestern states. The different regulatory body for each state we serve determines what products and services we deliver in that state.