Reuters – USA Xcel said it would purchase Renewable Energy Credits (REC) generated by customers' solar systems. "We believe solar can be a viable resource in Minnesota … Here are some links for more information: Xcel files energy conservation solar plan in Minn See all stories on this topic
Technology Solutions for Home
Windspire added to California's Emerging Renewables Program.
GE Cisco and FPL Group will roll-out a 1,000 home test of intelligent devices that connect to the smart grid in Miami.
$18 Billion in Energy Tax Credits passed into law.
Rate paid is cut by almost half Earlier this year, Xcel Energy was paying $2.50 per watt for renewable energy credits. Last week they announced that they were dropping that rate to $1.50 per watt. This would amount to a 40% cut. The justification that Xcel used for the cuts was the price of solar systems has been falling consistently and the bailout package that was approved by Congress included a solar tax credit. These facters would give homeowners more cash to install these systems. Starting in January 2009, homeowners will be eligible to receive a tax credit up to…