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Xcel Energy

Xcel Energy serves 6 states with varying solar policies. Colorado has the strongest solar program with retail-rate net metering and the Solar*Rewards performance incentive.

Minneapolis, MN
Headquarters
~3.7 million
Customers
Limited
Net Metering
Yes
TOU Rates

Solar Programs & Incentives

Net Metering PolicyNet metering available (varies by state); Colorado offers net metering at retail rate
Solar ProgramsSolar*Rewards program (performance-based incentive), net metering, community solar
Best for Solar?Yes, especially in Colorado where policies are most favorable.
Rate InformationAvg rate $0.10–$0.14/kWh depending on state.

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States Served by Xcel Energy

Colorado

CO

5 PSH · $0.12/kWh

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Michigan

MI

4 PSH · $0.16/kWh

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Minnesota

MN

4.3 PSH · $0.13/kWh

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New Mexico

NM

6 PSH · $0.13/kWh

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Texas

TX

5.8 PSH · $0.14/kWh

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Wisconsin

WI

4 PSH · $0.14/kWh

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Xcel Energy Solar FAQ