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
Tag Archives: XCEL
Xcel Energy (XEL) To Close 2 Coal-Fired Plants And Replace Them With Wind And Solar
The Rocky Mountain News reports that Xcel Energy Inc has voluntarily offered to shut down two coal-fired power plants to reduce emissions. The company’s plans have been approved by state regulators, and the plants will close in 2010 and 2012. Xcel will build a 200-megawatt solar energy facility and add 850 megawatts of wind energy in order to replace the older coal-fired plants. Several solar companies have expressed interest in bidding on the solar plant, … Read the rest