Xcel Energy cuts Solar Panel subsidy

Interesting article from yesterday’s Denver Post

XcelEnergyLogo_000Could this signal the decline of the currently-robust solar PV industry? The current subsidies offer great value for property owners. We have enjoyed installing PV systems on many of our projects in recent years. Without the subsidy, most folks will not be willing to cover the additional costs, and in turn, demand for these systems will decline. Many of the smaller utility co-ops tend to follow Xcel’s lead in many areas including the subsidization of alternative energy systems and it’s not a stretch to assume they’ll follow suit.

Let’s all hope for the best and keep our fingers crossed that demand for alternative energy systems continues well in to the future.

Call us for any projects or questions on solar PV, solar thermal, wind power or geothermal.

www.the-augustagroup.com


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