Xcel 2024 Commercial Solar Rebates | Colorado Front Range

Check out the latest solar news, rebates, and other essential solar updates happening near you.

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Aidan Muir

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February 28, 2024

Does Xcel have Commercial Solar Rebates for Colorado in 2024?

No, not exactly. However, like the Xcel Home Solar*Rewards program, Xcel has a Commercial Solar*Rewards program for Colorado businesses! The Solar*Rewards Commercial & Industrial incentive can provide businesses with upfront incentives based on watts installed and Renewable Energy Credits (REC) for kWh generated. Businesses are eligible for these incentives if they meet the system size requirements, or they serve Income Qualified customers and are located in a Disproportionately Impacted Community. (Qualification requirements below)

**What is included in the Solar*Rewards Commercial & Industrial?**

The standard Xcel Solar*Rewards Commercial & Industrial incentives do not provide “upfront” installation incentives. However, Xcel Energy provides a Renewable Energy Credit (REC), an incentive that pays the system owner in cents per kWh generated.

Solar*Rewards Commercial & Industrial Customers System Size Requirements.

Must be a Colorado Xcel Energy Electrical Commercial Rate Customer
Your system must be measured in AC
Your system Capacity Target is 15MW/Year
Your System Size is between 8kW – 1MW
Must sign an Interconnection Agreement and 20 Years REC Contract
Deposit $50/kW-AC

Solar*Reward Commercial & Industrial Renewable Energy Credit Tiers

Tier 1: 8 kW – 250 kW = $0.04/kWh
Tier 2: 250.1 kW – 500 kW = $0.0375kWh
Tier 3: 500.1 kW – 1 MW = $0.035/kWh

COMMERCIAL SOLAR

**What is included in the Solar*Rewards Commercial & Industrial IQ/DIS Incentives?**

When a company meets the Solar*Rewards Commercial & Industrial: Income Qualified & Disproportionately Impacted Community requirements, it will receive an upfront incentive of $0.12/watt of solar installed. This incentive has an annual cap of $700,000. You will add this to the standard Solar*Rewards Commercial & Industrial incentive since the initial requirements have already been met.

Solar*Rewards Commercial & Industrial Customers IQ/DIC Requirements.

Must be a Colorado Xcel Energy Electrical Commercial Rate Customer
The customer must serve Income Qualified Customers and Disproportionately Impacted Communities
Your system must be measured in AC
Your system Capacity Target is 15MW/Year
Your System Size is between 8kW – 1MW
Must sign an Interconnection Agreement and 20 Years REC Contract
Deposit $50/kW-AC

The timeline for receiving these incentives can be up to 18 months. Forfeiture of deposits can add up to 6 months.

For more information on the Xcel Solar*Rewards program, you can contact iqdicsolarprogramco@xcelenergy.com

Can Sandbox Solar Handle Your Xcel Commercial Solar Project?

You bet we can! Sandbox Solar has installed plenty of major commercial solar projects including, rooftop installations, solar carports, and even solar microgrids for communities on the Colorado Front Range. From design, constructions, finances and installations, we have you covered!

Head to our Commercial Solar Page for more information, or contact us directly to get your Colorado commercial solar project started today!

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