- Colorado residents may be eligible to participate in Xcel Energy’s Solar*Rewards program and receive up to $7,000 in rebates.
- Eligibility for the program is verified through partnerships with local Colorado organizations
- The Solar*Rewards program accommodates a range of solar panel installations, with eligible system sizes ranging from small-scale setups to a maximum of 7 kW
The Solar*Rewards Program: An Overview
The core of the Solar*Rewards program lies in its dual benefits: harnessing solar energy for daily use and receiving monetary returns when the energy produced exceeds consumption. With an attractive upfront rebate of $1 per watt of installed solar, capped at a 7 kW system size, residents can earn up to $7,000. This initiative is not just an investment in sustainable energy but also a smart financial move.
Eligibility Criteria for Residential Income-Qualified Customers
To be eligible for the Solar*Rewards Onsite Income Qualified program, applicants must meet specific criteria:
- Income Thresholds:
- A median household income equal to or less than 200% of the federal poverty guideline.
- A median household income equal to or less than 80% of the area median income.
- Department of Human Services Guidelines: Adherence to income guidelines set by the Department of Human Services as per Section 40-8.5-105, C.R.S.
Verification is a critical step in this process. Applicants must have their status confirmed by recognized community-based organizations such as Energy Outreach Colorado, the Colorado LEAP Program, Colorado Energy Office, various Municipal Housing Authorities, or Grid Alternatives. A completed and signed verification form by these organizations is mandatory at the time of application.
Special Focus on Disproportionately Impacted Community Customers
For those in disproportionately impacted communities, the process includes an additional step:
- EnviroScreen Tool Validation: Applicants must use the EnviroScreen Tool to demonstrate that their residence falls within a Disproportionately Impacted Community (DI-Community).
- Top 20% EnviroScreen Score: The residence should be in a census block group with an EnviroScreen score in the top 20 percent. Documentation in the form of a screenshot from the EnviroScreen tool must be uploaded with the application.
Why Participate?
Participating in the Solar*Rewards program offers several benefits:
- Financial Savings: The rebate and potential earnings from excess energy production can significantly offset the costs of solar panel installation.
- Environmental Impact: Solar energy reduces reliance on fossil fuels, thereby contributing to a reduction in greenhouse gas emissions.
- Energy Independence: Generating your own energy can lead to greater independence from traditional power grids.
The Last Word
The Solar*Rewards program is more than just an energy initiative; it’s a step towards environmental stewardship and financial prudence for income-qualified and disproportionately impacted communities. By embracing solar energy, participants are not only benefiting themselves but also contributing to a greener and more sustainable future.
If you meet the eligibility criteria, don’t miss this opportunity to make a change for the better. Check your eligibility, gather the necessary documents, and take a step towards a brighter, greener future. For more information, visit the Xcel Energy website or contact the authorized verifying organizations.
Let’s harness the power of the sun together!