Solar and Renewable Energy Rebates & Incentives
Brief Summary of Xcel Energy Incentives in Colorado (details may change)
COSEIA and Xcel Energy have agreed to restart the Solar*Rewards program.
- Residential Systems (less than 10kW DC) as of 12/15/2011
- See Xcel website for latest information
- $1.00 per DC watt rebate and $0.09 per DC watt REC incentive for Xcel customers
- Rebates vary for other electric utilities under Amendment 37 rules (contact your local electric utility)
- 30% federal income tax credit, after rebates (no cap as of January 1, 2009)
- Small Commercial Systems (less than 10kW DC)
- See Xcel website for latest information
- Rebates vary for other electric utilities under Amendment 37 rules (contact your local electric utility)
- 30% federal income tax credit, after rebates (no cap)
- May be eligible for 5-year MACRS depreciation schedule
- Large Commercial Systems (greater than 10kW DC)
- See Xcel website for latest information
- Multi-year payments for system watt hour REC production
- 30% federal income tax credit, after rebates (no cap)
- May be eligible for 5-year MACRS depreciation schedule
What this means in practical terms: utility, state, and federal incentive programs can reduce total out-of-pocket costs for a solar electric (PV) system by as much as 50-60%.
Please see Xcel Energy for the latest information.
Rebates vary for other electric utilities under Amendment 37 and PUC rules. Please contact your electric utility to determine what they offer.
The Governor’s Energy Office (GEO) has a program called RECHARGE COLORADO that also offers solar PV (and solar thermal) rebates. Please view their website for specifics.
SPS offers its clients assistance in applying for and securing a PV rebate. A site assessment provides complete incentive and rebate details for your location.