Xcel Energy - Solar Rewards Program

November 18, 2022


XCel's Solar Rewards Program is an incentivized program, offering monthly or annual payments to the owner of the solar system in exchange for Renewable Energy Credits (RECs) for the energy produced by the solar system.

  • Must be an Xcel Energy residential or business electricity customer.
  • Must have an active and valid account number and premise number.
  • The customer's name on the application must match the name on the Xcel Energy account/bill.
  • All equipment must be UL 1741 certified and listed within the Solar Equipment Lists on the California Energy Commission website opens in a new window.
  • Must provide general liability insurance for each occurrence based on the Gross AC Nameplate Rating of the Generation System greater than 1 MW AC.

Systems must be sized such that the expected generation  when combined with other distributed generation resources serving the service address, does not exceed 200% of historical consumption (i.e. the previous 12 months at the time of application submission).

See the above website for information on program application.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Colorado
Incentive Type: Performance-Based Incentive
Web Site: https://co.my.xcelenergy.com/s/renewable/solar-rewards
Administrator: Xcel Energy
Start Date: 08/15/2012
Eligible Renewable/Other Technologies:
  • Solar Photovoltaics
Incentive Amount: Solar*Rewards Small Program: REC Price: $0.005/kWh
Solar Rewards Medium Program: REC Price: $0.0375/kWh
Solar Rewards Large Program: See program website.
Maximum Incentive: See program website.
Terms: See program website.
Eligible System Size: Solar*Rewards Small Program: 25 kW DC and under
Solar Rewards Medium Program: 25.01 kW DC - 500 kW DC
Solar Rewards Large Program: See program website.
Ownership of Renewable Energy Credits: Subscriber organization


Name: Xcel Solar Rewards Program
Email: SolarProgramCO@xcelenergy.com

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.