20% of the total Commercial Standard Offer Program incentive budget
60% project maximum annual load factor
5,256 kWh of energy savings per every 1 kW of demand savings achieved
$0.067/kWh saved and $195/kW calculated using deemed savings or a measurement and verification plan
Xcel Energy Large Commercial and Industrial Standard Offer Program (SOP) pays incentives to businesses for retrofit and new construction projects that save energy in peak summer demand periods and are located within Xcel's service territory. Payments to Project Sponsors will be based solely on kW and kWh savings. Any entity that installs eligible energy efficient measures at a facility with electric service provided by Xcel and has a maximum demand of more than 100 kW is eligible to participate in the program. Incentives are paid for both energy and demand savings. Project Sponsors are required to meet minimum eligibility criteria and sign a standard agreement with Xcel, which includes an estimate of how many kW and kWh the project will save and the associated incentive payment amount. Project Sponsors receive incentive payments from Xcel Energy for installing energy efficiency measures. Xcel does not perform any energy efficiency services, nor does it install any efficiency measures directly for end-use customers, but instead contracts with the Project Sponsors, as required by state legislation.