Xcel Energy Lowers Discount For Colorado Solar Installations

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

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