Xcel Energy modified its Solar Rewards program by offering the ability of 3rd Parties to conduct Power Purchasing Agreements (PPA) within the small system category. They also slightly modified the medium system program to include systems that are sized 100.1 - 500kW and offer an increased REC payment of $125 per MWh. These changes took effect September 1st.

The best news for Coloradans looking to go solar, Xcel did not reduce the rebates as it was rumored to do. Although, they may reduce their rebates at anytime in the future.

Link: http://www.bizjournals.com/denver/stories/2009/08/03/story11.html?q=xcel%20energy

According to unknown sources inside Xcel and local industry rumblings, the Xcel Solar Energy rebate may soon be reduced. There’s speculation that this change could come any time between now and November, but the amount of the reduction is unknown.

In early October 2008, Xcel announced a solar rebate reduction of $1 per watt (from $4.50 to $3.50 per watt). The announcement gave the industry about a one month warning - prompting over a thousand solar rebate applications in October, by far a record for Colorado.

This time, Xcel has indicated that there will be no warning - the rebate reduction will take place as soon as it's announced and any new applications after that will be subject to the lower rebate.

If you are interested in solar for your home or business, now is the time to act. This rebate reduction could happen in November, but it could also happen tomorrow morning.

Applying for a solar rebate is free, simply schedule a free consultation with Astralux and we will start your application. Starting an application DOES NOT obligate you to a purchase, it simply reserves a spot for the current rebate rate.

Contact us today to reserve your rebate at today's rates.