The Solar*Rewards Community standard offer option will begin accepting applications for community solar gardens 10.1-100 kilowatts (kW) DC on May 15, 2018. The available capacity is 1MW DC and Renewable Energy Credit (REC) incentive price will be $0.0282/kWh.
Standard offer capacity is assigned through a first-come-first-serve offering based on a 1MW carve out within the community solar garden capacity the Company is authorized to offer each year. The REC incentive pricing offered under this program is set at $0.02 above the average REC incentive awarded through the corresponding years competitive Request for Proposal (RFP). The May 2018 offering corresponds to the bid pricing from the 2016 Solar*Rewards Community RFP. A document outlining the standard offer process can be found on the Company’s website.
How to apply
We will begin accepting applications at 10 a.m. MT on May 15, 2018. Note: any application submitted before 10 a.m. MT will be considered invalid and deleted without further notice. Interested parties must submit applications through the online application form which will be available on our website. Requirements and instructions for submitting online applications are available on the website as well.
Projects will secure capacity in the program based on a first-come-first-reserved process determined by the time/date receipt of the online application. Applicants, who secure capacity will be assigned an SRC number, receive an email notice, and will have five business days to submit the associated application deposit and escrow to secure their acceptance in the program.
If you have questions or comments, or need guidance on how to submit an application, please direct them to solarrewardscommunity@xcelenergy.com.
Thank you,
Solar*Rewards Community Team