BENEFITS
Adding battery storage capability to an existing photovoltaic (PV) solar system carries many benefits for homeowners:
- generous federal tax credit—30% of your expenditure assured under law through 2033
- State of Colorado 10% tax credit
- increase value and effectiveness of renewable energy investment
- provide power for selected critical circuits during utility outage periods
- mitigate and manage Time Of Use utility rates, also known as Utility Rate Arbitrage
- contribute to stability of utility grid
For residential customers in Xcel Energy’s service territory, the optional Renewable Battery Connect program provides a financial rebate in exchange for the utility’s occasional utilization of stored battery energy.
For more information: https://co.my.xcelenergy.com/s/renewable/battery-connect