Buyer's Guide 2024
Xcel Energy - Solar*Rewards Program
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Financial Incentive
- Program Type
- Performance-Based Incentive
- Implementing Sector
- Utility
- State
- Minnesota
- Eligible Storage Technologies
- Solar Photovoltaics
- Incentive Amount
- Residential Systems: $0.07 per kWh produced over 10 years.
Income-Qualified Residential Systems: $0.07 per kWh produced over 10 years, plus $2.00/W up-front.
Income-Qualified Multifamily: $0.06 per kWh produced over 10 years, plus $1.00/W up-front.
Income-Qualified Solar Garden: $0.06 per kWh produced over 10 years, plus $0.50/W up-front.
Commercial Systems: $0.06 per kWh produced over 10 years - Terms
- Production incentive will be paid to the customer for 10 years
- Eligible System Size
- Systems 20 kW-DC or less, not to exceed 120% of the customer's on-site annual energy consumption
- Equipment Requirements
- PV panels and inverters must be listed on the California Energy Commissions (CEC) list.
- Installation Requirements
- Sign a 10-year Solar*Rewards contract.
Install a system that produces between 0.5 and 20.00kW. Systems of 20.01kW do not qualify.
Installations must be completed within 365 days of submission. - Ownership of Renewable Energy Credits
- The customer agrees to convey all of the Renewable Energy Credits (RECs) or similar green attributes produced by the system to Xcel Energy for the ten-year term of the contract.
- Administrator
- Xcel Energy
- Applicable Sectors
- Commercial, Residential
- Budget
- Start Date
- 01/01/2014
- Applicable Utilities
- Northern States Power Co - Minnesota
- Last Updated
- 03/09/2021
- Funding Source
- Minnesota Renewable Development Fund
Get a free quote
and EnergyPal offers.
Call (800) 990-3725 or complete the questions and an EnergyPal Advisor will contact you with comparative quotes.