Solar*Rewards® is your opportunity to power your business with solar power you produce, and get credit for participating. It's an incentivized program, so monthly payments are made to the owner of the solar system in exchange for Renewable Energy Credits (RECs) for the energy produced by the solar system.
If you produce more than you need, the extra energy is added to our grid, and any excess energy will be credited to your bill.
Peruse our Additional Information section below to get more backgrounder information. If you're wondering how solar works, you should see if solar is right for you.
Once you've decided to go solar with your business, you'll want to install a system that's right for you by finding a solar installer. Your installer will help you find the perfect fit based on location, design, and scale.
Are you a solar developer or installer? Access our Renewable Developer Resource Center
Customers can install a photovoltaic (PV) system with a total aggregate nameplate capacity ranging from 0.5 kW - 40 kW DC per premise. Application owners will have 30 days to upload engineering documents and payment after a project has received program funding.
The new 2019 incentives are as follows:
| 2019 Performance Incentive per kWh |
2019 Up-front Incentive $/W |
|
| Commercial Systems | $0.06 | N/A |
| Income-Qualified Non-Profit and Multi-Family |
$0.06 | $1.00 |
| Income-Qualified Solar Garden |
$0.06 | $0.50 |
The performance-based incentive (PBI) is $0.06 per kWh produced by a commercial PV system. It is paid annually for 10 years, with payment being made by check in the first 90 days of each year depending on your billing cycle. The up-front incentives are available for income-qualified programs only, and are calculated based on the proposed system size.
2019 Program Budget
Due to differing incentive levels for residential and commercial customers, Xcel Energy must track and allocate costs for the Solar*Rewards program using our available budget. On a monthly basis, we will update the budget dollars allocated and the budget dollars available for allocation. In addition, any funding from cancelled 2018 programs will roll over into the 2019 program for this year only.
|
2019 Program Budget |
Budget Allocated |
Budget Available |
|
$14,481,199 |
$9,271,658(64%) |
$5,209,541 (36%) |
Last updated: 10/4/19
Submit an application with the help of your solar developer or installer who will submit your application for you. You can also create and manage your own application by simply registering and logging into our Application Portal.
The Solar*Rewards Income Qualified program provides incentives to customers with limited financial resources.Net Energy Metering (NEM) allows you to install a bigger system and has the same benefits as Solar*Rewards, except that it's non-incentivized.
A Renewable Energy Credit (REC) represents the green attributes of renewable energy, with each REC certifying the generation of one megawatt-hour (MWh) of renewable energy.
We buy RECs from Solar Rewards projects to achieve our Renewable Energy Standard. Learn more about the goals for Our Energy Future.
Learn more about Renewable Energy Claims
Most solar rooftop installations are tied to a contract with us, which requires a transfer of ownership. The transfer of ownership is commonly referred to as the Assignment of Contract. If you are moving, take the time to read the Assignment of Contract to learn how to transfer ownership of your solar.
Solar*Rewards Claims Info Sheet (PDF)
Metering and Billing FAQ Guide (PDF)
Home Energy Consumption Calculator (XLS)
Solar*Rewards Program Rules and Requirements (PDF)
Solar*Rewards Terms & Conditions (PDF)
Solar*Rewards Extension Request Form (PDF)
**Small Generation Interconnection Application (SGIA) Form (PDF)
Email us with questions or guidance on the process if you're ready to go solar.
You can find more information within our Frequently Asked Questions (PDF) whether you're a new customer, existing customer, or solar installer.
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