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Xcel Raises Electric Rates by Nearly 50%

June 15 2011 - 10:44:07:am by Greg

On June 1, 2011 Xcel Energy resumed a two-tiered seasonal rate that it first introduced to Colorado customers last summer.

From June through September 2011, Xcel Energy  customers will pay 4.6 cents per kilowatt-hour for the first 500 kilowatt-hours they use in a month. Above that, the higher Tier 2 rate of 9 cents per kilowatt-hour applies leaving homeowners with a nearly 50% increase in their cost of electricity.  

With an average residential electrical usage of 632 kWh per month for Colorado homeowners, many Xcel customers are sure to be unhappily surprised when recieving their June electric bill.

In Colorado, solar rebates and a 30% Federal Tax Credit are still available for homeowners greatly reducing the cost to own you a solar electric system to power your home.  Solar prices have dropped in recent months and combined with current solar rebates and incentives homeowners in Colorado can save upto 60% on the installed cost of a solar system .  Now is a great time to take advantage of rebates and avoid Xcel’s Tier 2 rate increases.   

Founded in 2005, Adobe Solar is a local small business focused on the design and installation of solar electric systems in the Denver metro area.  We provide free solar site assessments for home and businessowers interested in hedging rising energy costs and investing in a cleaner future.  Please contact us for more information, and to learn how you can spin your electric meter backwards. Begin selling your excess electrical production to Xcel and put an end to rising electrical rates in Colorado.




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