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Solar vs. grid power: how much can you save?
Electricity rates are on the rise. The U.S Energy Information Administration (EIA) estimates that electricity prices in the U.S. rose 6.2% in 2023 alone.
Homeowners across the country are looking for ways to reduce their energy costs and many are turning to solar energy. But just how much can you save with solar and is it worth the investment?
Solar customers can often save tens of thousands of dollars over the lifespan of their solar system. To determine exactly how much you can save, you’ll have to do a little math.
Compare your current cost per kW from Public Service Co Of Colorado with the cost per kW of your solar system. Then calculate your monthly or yearly expenses across a 25-year period. Finally, subtract your total cost of energy with solar from your total of energy from the grid to determine your savings
A simpler way to estimate your savings potential is to compare your current monthly energy costs with your projected solar payments. If your energy costs are higher than your solar payments, there is a good chance you will see savings.
At Solar Cost Calculator, we suggest that anybody paying more than $100 a month for electricity should consider solar.
What solar incentives Public Service Co Of Colorado does offer?
Category : Financial Incentive
Website : https://co.my.xcelenergy.com/s/residential/home-rebates
Applicable Sectors : Residential
Incentive Amount : Smart Thermostat: $50 Controlled Smart Thermostat: $100, $25 per year Gas Furnace: $300 Evaporative Coolers: $300 - $1,200 Natural Gas Hot Water Boiler: $250 Natural Gas Hot Water Boiler with Sidearm Water Heater: $350 Heat Pump Water Heater; $800 Gas Storage Water Heater: $50 Gas Tankless Water Heater: $100 Ductless Heat Pump: $300/cooling ton Cold Climate Heat Pump: $750/heating ton Air Sealing: 30% of project cost up to $200 Attic Insulation: 30% of project cost up to $400 Wall Insulation: 30% of project cost up to $350
Implementing Sector : Utility
Category : Financial Incentive
Website : https://co.my.xcelenergy.com/s/business/lighting-equipment-rebates
Applicable Sectors : Commercial, Industrial
Incentive Amount : Business Lighting Rebates Link to main webpage is here 2023/2024 Bonus Rebates on LED Upgrades Linear LED: $2.25 - $18 Incentive details can be found here Upgrades or installations for Construction Projects LED and LEC exit signs: $25/fixture LED Fixture: $37.50 - $250/unit LED Retrofit Kit: $22.50 - $105/unit Commercial downlight luminaire fixture: $18.55 - $50/unit LED refrigerated case lighting: $33.75 - $45/unit LED linear ambient fixture and retrofit kit: $11.25 - $25/unit LED troffer fixture: $22.50 - $30/unt LED stairwell fixture: $30 - $40/unit Standalone and networked lighting controls: $0.05 - $0.40/watt LED parking garage fixtures: $86.25 - $125/unit LED parking garage wall pack fixtures: $22.50 - $75/unit LED outdoor area lighting fixtures: $26.25 - $90/unit LED canopy fixtures: $15 - $25/unit LED street lighting fixture: $18.75 - $50/unit LED wall pack fixtures: $11.25 - $50/unit LED grow lights: $0.19 - $0.25/watt Incentive details can be found here Business LED Instant Rebates on Lamps PL LED: $5.25 - $7 Interior HID Replacement: $22.50 - $85 A-Lamps: $0.75 - $6.00 Reflectors: $2.25 - $10 Decorative: $3 - $4 Downlight Solid State Retrofit Kit: $6.75 - $9 Incentive details can be found here Lighting Controls Rebates Details can be found on this application LED Grow Lighting Rebates LED indoor horticulture lighting: $0.53 - $0.70/watt Incentive details can be found here HVAC-R Rebates HVAC-R Program Rebate Listing Form Foodservice Rebates Foodservice Appliance: $200 - $1,000 Steam Cooker: $$350 - $500 Foodservice Rebate Form Clean Water Pumps Rebates range from $100 to $11,140 Incentive details can be found here Commercial Refrigeration Rebates Anti-Sweat Heater: $60/unit Demand Controls Ventilation: $500 Dishwasher: $125 - $250 Floating Head Pressure Controls: $25 - $50/ton Medium-temp Enclosed Reach-In Case: $70/ft No Heat Case Doors: $100 - $150 Refrigeration Fans: $40 - $150 Cooler case with glass doors: $100 - $150/ft Walk-in Freezer Defrost Controls: $120 per 1,000 watts Details can be found here Compressed Air Rebates range from $200 to $6,000 By implementing pre-approved custom Compressed Air Efficiency projects you can earn rebates of up to $600/kW saved for system peak demand, plus $100/kW saved for non-peak demand savings that exceed peak kWs saved Projects implemented without a study earn up to $400/kW saved for system peak demand, plus $100/kW saved for non-peak demand savings that exceed system peak kWs saved Additional details can be found here Computer Rebates Power Supply Equipment 400 - 600W: $5 600 - 1,000W: $10 >1,000W: $20 Virtual Desktop Infrastructures (VDIs) Up to 17W: $10/unit Additional details are found here Cooling Rebates Chillers $15 - $100/ton Additional details found on this form Air Source Heat Pump: $1,700 Cold Climate Air Source Heat Pump: $2,200 Ground Source Heat Pump: $600/ton Variable Refrigerant Flow Heat Pump: $1,700 Dual Fuel RTUs: $1,150 - $16,760 Heat Pump Water Heaters: $200 - $2,000 Additional details found on this form Fan Energy Index Rebates Fans: $100 - $1,000 Fans with Integrated VFD: $520 - $11,600 Additional details found on this form Heating Rebates High-volume low speed fans: $2,000/unit Condensing Commercial Boiler: $7,000/million BTUH Water Heater: $400 per 100,000 BTUH Pipe Insulation: $6 - $9/ft Unit Heaters: $500 per 100,000 BTUH Modular Burners: $750 per million BTUH Outdoor air reset controls: $250 per million BTUH Stack dampers: $250 per million BTUH Steam trap replacement parts: 25% up to $250/trap Linkageless controls: $300/million BTUH O2 trim control: 25% of total cost Turbulator: 25% of total cost Boiler tune-up: 25% of cost up to $250 per boiler, every other year Additional details found on this form Motor Rebates Motor HP: $10 - $900 VFDs: $400 - $2,337 Clean Water Pumps: $100 - $11,140 Fractional HP ECM Pumps and Fans: $50 - $100 Motors with Integrated Drives: $410 - $2,440 Additional details and application forms can be found here
Implementing Sector : Utility
Category : Financial Incentive
Website : https://co.my.xcelenergy.com/s/business/financing
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, Schools, State Government, Federal Government, Institutional
Incentive Amount :
Implementing Sector : Utility
Category : Financial Incentive
Website : https://co.my.xcelenergy.com/s/residential/home-rebates/energy-efficiency-financing
Applicable Sectors : Residential
Incentive Amount :
Implementing Sector : Utility
Category : Financial Incentive
Website : https://co.my.xcelenergy.com/s/renewable/solar-rewards
Applicable Sectors : Commercial, Industrial, Residential, Low Income Residential
Incentive Amount : Income-Qualified: $1/W C&I: 8-250 kW: $0.04/kWh 250.1-500 kW: $0.0375/kWh 500.1 kW - 1 MW: $0.035/kWh Large: Determined through competitive bid
Implementing Sector : Utility
Category : Financial Incentive
Website : https://co.my.xcelenergy.com/s/renewable/solar-rewards
Applicable Sectors : Commercial, Local Government, Nonprofit, Residential, Installers/Contractors, Low Income Residential
Incentive Amount : Solar*Rewards Small Program: REC Price: $0.005/kWh Solar Rewards Medium Program: REC Price: $0.0375/kWh Solar Rewards Large Program: See program website.
Implementing Sector : Utility
Installing and connecting your solar system
When you install a solar system in Public Service Co Of Colorado territory, these are steps you can expect to go through:
Once you’ve hired a contractor, you will need to communicate with Public Service Co Of Colorado to prepare the interconnection paper. Your contractor will handle most of these responsibilities
After the interconnection agreement has been finalized, your contractor can begin the installation process.
Once your system is installed, it needs to be inspected for safety and code compliance.
After the final inspection, you will receive a written notice within a few days that your system is approved to operate. You can turn on the system yourself or you can contact your installer for further assistance.
Most homeowners prefer to do it themselves. The whole process should only take 10 - 15 minutes.
Is solar worth it for Public Service Co Of Colorado customers?
The short and sweet answer is a resounding YES. Going solar is definitely worth it for Public Service Co Of Colorado customers. The average homeowner in _UtilityCompanyName_ can save an estimated #### over the lifespan of their solar system.
Going solar is a long game so you need to think several years ahead. It can take a few years to hit your break even period. But between net metering and solar incentives, you can drastically reduce that timeframe.
Want to get an idea for what it will cost you to go solar with Public Service Co Of Colorado? You can use our Solar Cost Calculator to generate a customized estimate instantly. We take into consideration a wide range of criteria including location, electric bill, roof size, and other factors. Try it out today and start planning for your future.
