Tag Archives: Xcel

2020 Solar Trends: Xcel Solar Rewards Program

Xcel’s Solar*Rewards® program provides a financial incentive for residents, businesses and public entities to install solar power. Monthly payments are made to the owner of the solar system in exchange for Renewable Energy Credits (RECs) produced by solar.  This is known as a performance-based incentive or PBI.


Xcel customers also qualify for Net Metering up to 1 megawatt AC (or enough power for roughly 200 homes).  If you generate more than you need, the extra energy is added to the grid, and any excess energy will be credited to your bill. 

Additionally, there’s a specific sub-program for under-resourced communities and income-qualified multi-family.


It is important to note that small commercial incentives levels are decreasing.


Also, large projects qualify for a separate bill-credit mechanism called capacity credit program or ELPC which was strengthened in 2019.

 

2020 Solar Trends: Community Solar for Breweries

We all love craft breweries! The popularity of local microbreweries is exploding in the United States, but how can they maximize their profits and  minimize their operating expenses? Well, community solar is a great opportunity to do just that.

Former CEO of Insight Brewing Co., and now solar sales representative, Ilan Klages-Mundt is joining Eric Pasi to discuss how subscribing to community solar benefited his business.

Interested in learning how a community solar subscription could save your business thousands in operating costs? Give us a call: 651-789-5305!

 

 

 

2020 Solar Trends: MN Community Solar Updates

In 2020, Minnesota Community Solar financing is becoming one of the most popular financing mechanisms for commercial solar projects. The community solar program allows residents, businesses, and public entities to participate in solar that’s not located on their property.

Each year in September Xcel proposes a bill credit rate for the following year.  This is based on a set of attributes like avoided costs and environmental impacts to develop a state-approved formula called the Value of Solar.

This rate has fallen slightly each year since 2017 to about 11 cents per kilowatt-hour levelized.

Xcel says its value of solar rate is on track to more than double to about 25 cents per kWh for projects coming online in 2020 — a result that is “unreasonable, unrepresentative, and clearly falls outside of the public interest,” according to the utility.

A compromise is currently being hashed out at the public utilities commission with a likely rate around $.12 per kilowatt hour levelized.

This will allow for continued development, although capacity on the grid is increasingly hard to come by.