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Colorado man receives $30,000 rebate for installing solar panels on his roof

Posted: Thursday, May 25th, 2006 by Stanley
Tags: Activism, Conservation, Renewable Energy

Solar PanelsA man from Colorado is the first person to receive a rebate check from his power company Xcel Energy. Xcel offers a rebate program that pays homeowners $4.50 for every watt of power generated from at home solar panels. Eric Daub's house pulls power from the grid at night but during the day it puts even more power back. Eric invested just over $50,000 to install the panels on his roof, but at the rate he's going he should be able to earn that money back through rebates and federal tax incentives. 

Xcel Energy pays $4.50/watt of power generated, up to 10,000 watts. The utility only services a handful of states currently: Colorado, Kansas, Michigan, Minnesota, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, and Wisconsin.

Read More » [Rocky Mountain News]

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