Well it was expected that Xcel would reduce the amount paid for solar renewable energy credits (they dropped it to $1.50 from $2.50). On the one hand I don't blame them for doing it since the Federal government extended solar credits in the recent financial bailout bill. Also, according to Xcel's calculations with the $1.50 per watt credit the consumer would have to come up with about $425 out of pocket to pay for a 4.5 kilowatt system. However, the amount of notice for the credit reduction that Xcel gave to the community and solar installers was too short and on the sly. Perhaps it's time to start another ballot initiative that requires Colorado to get 40% of their energy from renewable sources by 2020, instead of the current 20% by 2020? That might bring back the $2.50 per watt credit, eh?
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