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Solar*Rewards - CO

Solar*Rewards

Get incentives, reimbursed for solar energy in Colorado

General Program Information

  • Solar*Rewards has paid over $245 million dollars in incentives to customers.
  • More than 110 MW of solar has been installed in Colorado through the Solar*Rewards program.
  • We’ve installed more than 10,000 solar PV systems in Colorado.

Participating in the Program

Rebates are available based on the size of your PV system.

Current REC Prices and MW Confirmed

The following charts reflect the current REC pricing and availability for the Solar*Rewards program. These charts are updated daily with the current reviewed MW. REC prices are set and MW are counted when an application is marked as reviewed. Under the terms of the 2011 Settlement, there will not be any additional capacity opened for the Medium Program.

Charts last updated: 5-16-2012

Small -- Customer-Owned (<10 kW)
Step Rebate
(per watt)
REC Price
(per kWh)
MW in step MW Reviewed MW Remaining
in Step
1 $1.75 4 4.000 0
2 $1.00 5 2.071 2.929
3 50¢ 11¢ 5   5
4 14¢ 6   6
Total 6.071
Small -- Third Party Developer (<10 kW)
Step Rebate
(per watt)
REC Price
(per kWh)
MW in step MW Reviewed MW Remaining
in Step
1   16¢ 4 4.000 0
2   15¢ 5 5.000 0
3   12¢ 5 5.000 0
4   11¢ 6 1.387 4.613
Total 15.387
Medium -- Tier 1 (10-100 kW)
Step Rebate
(per watt)
REC Price
(per kWh)
MW in step MW Reviewed MW Remaining
in Step
    11¢ 0.854 0.854 0.000
Total 0.854
Medium -- Tier 2 (100.1-500 kW)
Step Rebate
(per watt)
REC Price
(per kWh)
MW in step MW Reviewed MW Remaining
in Step
    11¢ 5.003 5.011 0
Total 5.011

Current Program Spend

The following chart reflects the current program spend for the Solar*Rewards program for 2011. The chart is updated daily to reflect the current spend and available dollars.

Charts last updated: 5-16-2012

Current Spend
  Total Program Budget $97,300,000
  Pre-March 23 Committed $493,813
  Post-March 23 Committed $3,820,650
2011 January REC & Rebate $7,912,558
  February REC & Rebate $7,427,308
  March REC & Rebate $10,240,121
  April REC & Rebate $7,928,565
  May REC & Rebate $5,297,935
  June REC & Rebate $3,515,571
  July REC & Rebate $4,384,614
  August REC & Rebate $4,941,204
  September REC & Rebate $10,382,736
  October REC & Rebate $2,620,453
  November REC & Rebate $3,209,822
  December REC & Rebate $2,955,796
2012 January REC & Rebate $1,694,003
  February REC & Rebate $1,552,529
  March REC & Rebate $1,869,509
  April REC & Rebate $2,010,783
  RFP $264,600
  Remaining Program Budget $14,777,431

 

Time-of-Use Rate Availability

The following charts reflect how many projects have expressed interest and are eligible for the SPVTOU rate, as well as how many projects are already confirmed on the rate, and how many MW are still available.

Charts last updated: 5-16-2012

Medium Tier 1 (1 MW Available in 2012)
Eligible Confirmed Remaining Availability
1.631 MW 1.000 MW 0.000 MW
Medium Tier 2 (4 MW Available in 2012)
Eligible Confirmed Remaining Availability
1.290 MW 1.927 MW 2.073 MW

Additional Information

Program Updates and Communications

Receive program updates

Question or comments about the program, contact:

solarprogram(at)xcelenergy.com

Please note: We have modified the ways in which customer information is provided to third party vendors. More information