XCEL Solar Gardens Standard Offer Program for Colorado

 XCEL energy proposed a standard offer program in its compliance plan for Colorado’s renewable energy standard.  Solar garden subscribers will receive a credit on their electric bill each month equal to the production of their solar panels multiplied by the rate in the table below.  Under this proposal, a residential customer (rate class R) would receive a credit of approximately 6.9 cents per kilowatt hour.

Figure 3 - XCEL Standard Offer Subscriber Bill Credits

            XCEL will also offer a production credit to the garden owner as a payment for Renewable Energy Credits (RECs).  A table of these payments is shown below.

Figure 4 - XCEL Production Credit for Solar Garden RECs

An updated white paper on solar gardens in Colorado is available here.

The complete RES compliance plan from XCEL is available here.