DENVER - Xcel Energy Inc. is proposing lower incentives for customers adding solar panels next year.
Xcel told Colorado regulators Wednesday it wants to add 42.5 megawatts of new solar generation in 2014.
The Denver Post reports Xcel also has proposed lowering incentives for customers adding solar power through its Solar Rewards program to less than a cent per kilowatt-hour. The incentives started at 9 cents per kilowatt-hour this year.
Xcel also is seeking changes in credits that customers with solar installations get for electricity they return to the power grid. Currently they get a 10.5-cent credit per kilowatt-hour returned, but Xcel contends the value of the power to its system and other Xcel customers is less than 5 cents a kilowatt-hour.
The Colorado Solar Industries Association is reviewing Xcel's figures.