ENERGY REBATES: La Plata Electric Association customers who join the co-op's renewable energy generation program can do their pocketbook as well as the environment a favor. Eight residential customers of the co-op has qualified for a rebate for installing a renewable energy generation system since January 1, when the program began. LPEA pays $2 per watt of capacity for a photovolatic, wind or hydroelectric system. This is a rebate not a grant.
Customers who install renewable energy can win four ways financially. Based on a typical 2,000 watt capacity system, which costs around $20,000, they could earn:
1. The LPEA one-time rebate of $2,000 ($2 per watt of capacity up to $1,000 watts.)
2. A $2,000 tax credit from the federal government. The federal residential tax credit is 30 percent of the cost of the system, not to exceed $2,000.
3. A $5,000 rebate from Xcel Energy, which is buying unlimited renewable energy credits to meet state voter approved goals regarding alternative energy sources. (This program expires October 1 but might be renewed.)
4. If a homeowner's system produces more electricity than the family consumes, the electric meter spins backward. At the end of the year, if a customer's electrical generation outstrips use, the customer gets a check from LPEA. In the net-metering program, as it's called, the customer is selling the power back to LPEA.
An alternative energy system can be installed by the consumer or by a certified professional. Because the system must meet state electrical codes and the protocols of the LPEA we strongly recommend hiring a professional to install your system.
http://HomesInDurango.com
http://DurangoRealEstate.biz
No comments:
Post a Comment