5/1/2023 0 Comments Longmont power utility![]() ![]() What is the purpose of time-of-use rates? The mid-peak rate is always halfway between the on-peak and off-peak rate. During the non-summer months (October-May), the on-peak rate is 1.7 times the off-peak rate. During the summer months (June-September), the on-peak rate is 2.7 times the off-peak rate. The off-peak rate is the same throughout the entire year. The day is divided into three periods: on-peak, mid-peak, and off-peak. How does the price of electricity vary according to the time of day? It is a “time-of use” rate in the sense that within a season, the price of electricity varies according to the hour of the day. It is “seasonal” in the sense that the rate is higher during the summer months (June-September) than non-summer months (October-May). Colorado easily has some of the strongest support in the nation for renewable energy.FAQs and Q&As What is the new Residential Electric rate structure?īeginning in the Spring of 2022, residential customers will begin to transition onto a seasonal time-of-use (TOU) rate. Colorado's Solar Friendly Communities is an offshoot of the national Sunshot Initiative that has resulted in several municipalities and county governments developing streamlined application and approval processes. The has employed an aggressive strategy for reducing the "soft" costs of solar that result from cumbersome permitting processes. Combined with federal incentive programs there are plenty of options to save on the cost of your solar equipment and installation. In addition to the utility incentive programs offered in Colorado, the state offers property- and sales-tax exemptions. ![]() But Colorado also is the hotbed for a new type of solar array, the community solar garden, through which residents can buy a part of a local solar array and use that to offset their electricity costs. As the price of photovoltaics has dropped and solar has become more popular, the incentive programs offered by utilities like Xcel Energy have decreased. Regardless of their choice there are plenty of qualified solar installers in the state that can explain options and costs prior to installing a system.Ĭolorado is home to the National Renewable Energy Laboratory, several small, medium and growing solar manufacturing companies and solar training centers.Īll this has culminated in a rich environment for solar thermal and photovoltaic installations throughout the state. ![]() The RPS also requires IOU utilities, and to a lesser extent rural and municipal utilities to source a certain amount of their power from distributed generation sources like homes and small businesses.Ī growing number of homeowners in the state are choosing to install systems on their homes with no up-front costs through power-purchase agreements or leases. The state has landed in most top 10 lists regarding solar, from most solar installed per capita to greatest solar job growth.Ĭolorado has one of the nation’s strongest renewable portfolio standards (RPSs), which requires investor-owned utilities to source 30 percent of their energy from renewable energy by 2020. ![]() As a state with more than 300 days of sunshine a year, Colorado is a prime location for solar energy. ![]()
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