Xcel announced the REC portion of the renewable energy rebate has decreased from $1.50 to $.85 effective December 2, 2009.
The total rebate and REC from Xcel is now $2.85 per watt ($2.00 rebate and $0.85 REC). The reasons behind the decrease is the small (<10 kw) program has filled up, and prices for equipment (i.e. PV panels) has decreased significantly in the past few months.
This means that the total rebate and REC for a 10kw system decreases from $35,000 to $28,500.
