Tag Archives: Solar Rewards

Xcel (XEL) Reduces Solar Rewards Payments

Xcel has reduced the amount paid to consumers and businesses who install solar power systems under its Solar Rewards program. Previously under the program, Xcel would provide a rebate to the consumer for the purchase of Renewable Energy Credits (REC’s) of $2.50 per KW. That amount has changed to $1.50 per KW.  Customers still get a state-mandated rebate of $2.00 per KW, so the total amount they receive has decreased 22%, from 4.50 per KW … Read the rest