Not so Xcel-ent for rebates

February 17, 2011 · Posted by in Environment 

Homeowners hoping to install solar panels for financial incentives may change their minds. Photo by Zak Wood.

Boulder’s local utility provider Xcel Energy is altering its rebate system to significantly decrease the financial incentives it offers solar panel owners.

Xcel said Wednesday that, effective immediately, the combined incentive for new solar installations would decrease from $2.35 to $2.01 per watt. The company also filed paperwork with the Colorado Public Utilities Commission on Wednesday that, if approved, would further drop the combined incentive to $1.25 per watt.

Members of the Colorado solar industry say the deep and sudden cuts to the incentive program could be ruinous.

Read the rest of Laura Snider’s story “Boulder County solar industry decries Xcel’s plan to slash incentives.”

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