Installing solar panels on your roof is the most common option for Xcel Energy customers. With the 30% federal tax credit, payback periods are typically 6-10 years. You'll need a south-facing roof with minimal shading and enough space for your desired system size. Xcel Energy's net metering program credits you for excess production.
If rooftop solar isn't feasible, community solar programs let you subscribe to a share of a local solar farm. You receive credits on your Xcel Energy bill for your share of the farm's production. No installation required, and you can typically cancel with 30-90 days notice. Check availability in your area.
Solar leases and power purchase agreements (PPAs) let you go solar with no upfront cost. A third party owns the panels on your roof and you pay a fixed monthly fee or per-kWh rate that's typically lower than Xcel Energy's retail rate. The trade-off is you don't own the system and miss out on tax credits.
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