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Commercial

In Colorado, Xcel Energy currently offers business customers three different reward programs designed to accommodate a variety of system sizes. These programs offer two incentives each with separate payments. One is a standard rebate; the second payment is made to purchase the REC credits produced by your system for a term of 20 years.

Rebates and Incentives - Commercial

Current Rebates and Incentives Being offered in the Denver Metro area

 

Small Commercial Systems (smaller than 10.0kW DC):

40-50% utility rebate ($3.50 per DC watt) for Xcel customers

30% Federal Solar Grant

5-year MACRS accelerated depreciation schedule

 

Medium Commercial Systems (larger than 10.0-100 kW DC):

25-30% utility rebate ($2.00 per DC watt) for Xcel customers

Monthly Payment of $115 per MWh of Energy Produced

20-year utility payments for system’s “REC” production for Xcel customers

30% Federal Solar Grant

5-year MACRS accelerated depreciation schedule

 

Large Commercial Systems (larger than 10.0-100 kW DC):

Utility rebate $2.00 per DC watt up to $200,000 for Xcel customers

Monthly Payment per MWh of Energy Produced

20-year utility payments for system’s “REC” production for Xcel customers

30% Federal Solar Grant

5-year MACRS accelerated depreciation schedule

 

Click here for more information on Xcel Energy Solar Rebates.

Click here for more infomation on solar rebates around the country.

 

THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008

On October 3, 2008, President Bush signed the Emergency Economic Stabilization Act of 2008 into law. The new energy bill extends the 30-percent federal investment tax credit for both residential and commercial solar installations for 8 years (2009-2016). The legislation improves upon the previous investment tax credits by removing the $2,000 cap for residential solar PV systems and allowing Alternative Minimum Tax (AMT) filers to take the tax credits.  Residential customers can click this link for the 2008 federal tax form in PDF format: IRS Form 5695 for Residential Energy Tax Credits Commercial customers should consult their tax advisor for the appropriate IRS tax forms to complete for rebates. Learn more about the new federal tax credits by contacting us and/or visiting the following websites: http://www.desireusa.org

Colorado’s Amendment 37 and House Bill 1281

In November 2004, Colorado voters passed Amendment 37 (A37), mandating that a certain percentage of Colorado’s electricity come from renewable sources such as wind and solar power. The rules were finalized and Xcel began paying out rebates in spring 2006. House Bill 1281 (HB1281) was signed into law by Governor Bill Ritter in early 2007 and effectively doubles the original goals of A37 to 20% by 2020. The incentive is divided into a $2.00 per watt rebate and a $1.50 per watt Renewable Energy Credit payment (REC). Because a typical flush-mount roof array costs about $8 to $9 a watt, the combination of rebate and REC from Xcel, along with the federal tax credit, means that your final out-of-pocket cost can be reduced by about 40% to 50%. This assumes that your system can be installed such that it produces at least 90% of what an optimally positioned array in a shade-free area would produce. If your installed system is predicted to produce less than 90% of optimum, then the REC portion of the Xcel incentive (which is production-based) is reduced accordingly.