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January 16, 2008
News - Solar Economics
about 7 years ago
There is a CAP on the $4.50/Watt Rebate!
“Xcel rebates customers $2 per watt of solar installed on premises, up to 10,000 watts."
Further - "company will purchase Renewable Energy Credits generated for $2.50 per watt.” Thus the $4.50.
In your example - a 5KW installation would earn $12,500 - still excellent)
You cannot “break-even” immediately - however it seems wise to take advantage of these programs as laws CAN and DO change!
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