What are Xcel Energy Solar Rebates? from Bella Energy on Vimeo.

Visit Xcel Energy’s Rebate Level Tracker here…

Hello, my name is Marty Gilligan and I’m with Bella Energy as a solar advisor. Today we are going to talk about the Xcel Energy Solar Rebate and more specifically the rebate drop schedule that was announced this last fall. (Fall of 2009) First the Xcel Rebate is composed of two different elements. One of them is the rebate which is 2 dollars (a watt) and the second one is the REC payment. The REC payment specifically is the part set to keep declining as Xcel Energy reaches their goals as set by the government.

So as you can see on the webpage which you can find on the link next to this video . Alternatively, you could go to Xcel Energy’s website, find Colorado, Residential, Solar Rewards and finally you will find the link that has all these price drops outlined.

What you’ll see is that over time, the overall rebate will continue to drop as each landmark is hit. To the right you’ll see what is in step, meaning how many or what portion of the rebate at that level has been approved (allocated). Now it is important to note that there is a lag time between when an application is submitted and when it is approved. So as you are tracking this, when the REC payment gets closer to filling a particular level, chances are you are already going to be looking at the next REC payment drop. As you’ll notice there are many more Megawatts of REC payments available at the lower payment rates, but this will only add to your out of pocket expense. So the name of the game here is to be able to get your rebate in as soon as possible so you can lock in. From there, we’ll have 9 months to install the system.

Tags: solar expert, Xcel