— Rebate: $0.02 / kWh produced, paid annually for 10 years
— Array Size: 20kw-DC or less, and can’t be over 120% of on-site consumption
The Xcel Solar Energy Rewards program provides a pool of incentives for Xcel customers installing residential solar panels or small commercial solar installations.
The Residential Solar Incentive gets paid out annually based on the production of your solar system, and what you produce and consume or produce and export makes no difference.
This incentive is based solely on what the system produces, regardless of what the power is used for, and is received by the homeowner each year for 10 years, in addition to the Federal Investment Tax Credit, which is 30% of the final cost of the system, if eligible.
Speak with an energy consultant to evaluate your home’s incentive potential, since there are limits to the size of the system.
The solar power incentive is linked to the amount of solar energy produced over 10 years by the solar panel installation, so the more you produce, the more rebate you receive.
This Solar Rewards incentive is designed to spur more Xcel Energy customers to install solar panel arrays on their home.
It is independent from ‘net metering,’ in which excess electricity generated by a home’s solar panel array is fed back into the grid and is purchased by Xcel.
The Dakota Electric Residential Solar Incentive Rebate is available to anyone who does solar within the Dakota Electric Public Utilities service area who installs a system no greater than 20kW DC.
Once the system is complete, submit an application, that we can help you complete, to receive a flat Incentive payment of $500.
To learn more about the Xcel Solar Energy Rewards program call TruNorth Solar at 612-888-9599 or e-mail your questions.