Xcel Energy provides a 10-year financial incentive to Xcel Customers to greatly offset the cost of installing your own PV Solar System. Xcel Energy’s goal is to help you produce your own home or business renewable solar energy, which will in turn improve our earth’s energy mix.
TruNorth Energy Consultants are now creating applications for new solar customers for the $10 million available through the 2024 Xcel Solar Rewards Program. TruNorth Solar Energy Consultants are happy to visit with you at your home to learn about your electrical needs.
Our consultant can predict your overall savings when participating in the Xcel Solar Rewards Program at no cost to you. The presentation includes customized spreadsheets and CAD designs of your rooftop. Your TruNorth Solar Energy Consultant can also take care of filing your Xcel Solar Rewards application.
Here are the basics of the Xcel Solar Rewards Program:
- The Xcel Solar Rewards Program is available for Minnesota property owners who live in Xcel Territory.
- Those who apply early for the Xcel Solar Rewards Program and are accepted will receive a performance based incentive (PBI) of $.02 – .04 per kWh produced by the PV system depending on a few factors (ask your Energy Consultant for the lastest incentive rate information).
- The incentive is paid annually for 10 years, with payment being made by check in January and February of each year depending on your billing cycle.
- The Xcel Solar Rewards Program applies to systems that are 40 kw-DC or less and are not over 120% of on-site consumption.
