| Program | Holy Cross Energy - Renewable Energy Rebate Program |
|---|---|
| Category | Financial Incentive |
| Implementing sector | Utility |
| Last Update | |
| State | Colorado |
| Administrator | Holy Cross Energy |
| Website | https://www.holycross.com/renewable-energy-incentives/ |
| Technologies | Solar Photovoltaics |
| Sectors | Residential |
Holy Cross Energy's WE CARE (With Efficiency, Conservation And Renewable Energy) Program offers an incentive for customers who install renewable energy generation for net metering at their premises. Eligible renewable energy technologies include wind, hydroelectric, photovoltaic, biomass, and geothermal sources.
Incentive
The incentive offered varies by the size of the renewable energy system as follows:
-
$250 per kW for the first 6 kW of a system, and
- $100 per kW for the next 19 kW of a system.
For example, a 15 kW system is eligible for a $2,400 (= ($250 * 6 kW) + ($100 * 9 kW)) incentive.
For non-taxable entities, Holy Cross will provide an incentive equal to 40% of the installed cost of a system (on a $ per KW basis) up to $500 per kW for the first 25 kW installed at a site.
Energy storage systems of up to 25 kW are eligible for an incentive of $250 per kW; systems that are enrolled in the Distribution Flexibility Program are eligible for an incentive of $500 per kW.
Terms
A customer must submit a Generator Interconnection Application to Holy Cross Energy prior to installation. Incentives are available on a first-come, first-served basis.
Generation must be sized to supply no more than 120% of their previous 12 months electrical consumption. For new construction, Holy Cross will estimate on-site electrical consumption and specify a maximum allowable system size.
No member may receive more than $30,000 in a 12 month period for renewable generation ownership; no member can receive more than $15,000 in a 12 month period for energy storage ownership (for renewable generation + storage the total limit is thus $45,000). No incentive payment may exceed 40% of the installed cost of any project.
A consumer’s generation facilities must be connected to Holy Cross’s electric distribution system to qualify for incentives. Visit the program website or contact a Holy Cross Energy WE CARE program representative to learn more about the rebate program.
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