Noting that many individuals and businesses will soon be able to leverage larger federal tax credits on solar systems, utility Xcel Energy has decided to cut its own discount from $11,250 to $6,750 for Colorado customers.
The Denver Post reports that, in a letter to the Colorado Public Utilities Commission, Xcel said it was cutting back its subsidy because Congress voted to lift the $2,000 cap on the federal solar-energy tax credit.
Xcel estimates that a typical rooftop solar system of 4.5 kW will cost customers $14,175 after all credits and rebates, compared with $13,750 before the Xcel credit reduction, the Post says.
SOURCE: Denver Post
