At Seed Solar, we’re excited to share that Xcel Energy’s Renewable Battery Connect program is offering substantial incentives for homeowners in Colorado. This initiative not only enhances your home’s energy resilience but also contributes to a more stable and sustainable grid.
🔋 What Is Renewable Battery Connect?
Renewable Battery Connect is Xcel Energy’s virtual power plant (VPP) program designed to leverage distributed battery storage during peak demand periods. By enrolling, you allow Xcel to manage a portion of your battery’s capacity during high-demand events, aiding in grid stability. In return, you receive significant financial incentives.
💰 Program Incentives
- Upfront Rebate: Receive $350 per kilowatt (kW) of your battery’s continuous power rating, up to a maximum of $5,000 per household. For instance, installing a Tesla Powerwall 3 (11.5 kW) could yield a rebate of approximately $4,025.
- Annual Participation Credit: Earn a $100 bill credit each year for five years, totaling $500, for allowing Xcel to manage your battery during peak demand events.
- Enhanced Incentives for Income-Qualified Customers: If you reside in a Disproportionately Impacted Community or meet income qualifications, you may be eligible for increased rebates of $800 per kW, covering up to 75% of the equipment-only cost.
⚙️ How the Program Works
- Event Frequency: Xcel may discharge up to 60% of your battery’s capacity during up to 60 events annually, each lasting up to 3 hours.
- Battery Availability: Outside of these events, you retain full control over your battery usage.thesolarwave.com
- Eligibility: Open to Xcel Energy residential electric customers in Colorado with new, qualifying battery systems, such as the Tesla Powerwall 3 or Enphase 5P. SolarEdge
🧾 Additional Financial Benefits
- Federal Tax Credit: Under the Inflation Reduction Act, claim a 30% federal tax credit on your battery system expenses.
- Colorado State Tax Credit: Benefit from a 10% state tax credit on battery hardware costs. solarips.com
- Denver Climate Action Rebate: Denver residents may qualify for additional rebates up to $2,750, especially if integrating heat pump systems.
🚀 Why Choose Seed Solar?
At Seed Solar, we specialize in designing and installing customized solar and battery storage solutions tailored to your home’s needs. Our team will guide you through the entire process, from selecting the right equipment to navigating incentive programs, ensuring you maximize your savings and energy independence.
📞 Ready to Enhance Your Home’s Energy Resilience?
Don’t miss out on these limited-time incentives. Contact Seed Solar today to schedule a free consultation and take the first step toward a more sustainable and resilient energy future.
Note: Incentive programs are subject to change and availability. Please consult with Seed Solar for the most current information.