Incentives are available to HCE members who install renewable generation for net metering at their premises. Additional incentives are available for qualifying energy storage systems, with or without additional renewable generators. Current incentive levels are shown below. Incentives may be denied to members who proceed with installation of their systems prior to receiving written approval of a Generator Interconnection Application from HCE as described above.
HCE will reserve incentives for 120 days (February 28, 2022, for applications received by August 31, 2021) starting on the day the Generator Interconnection Application is received. Any installations not completed (including all required documentation) before the reservation expires will lose their reservation. Any system that has forfeited their reservation may be eligible for an incentive payment based on the incentive program in effect at the time all requirements are met, subject to the availability of funds.
Payment of any incentive is contingent on the assignment of all rights, title and interest in and associated with all RECs, green attributes or environmental offsets produced by the system, including the right to use all RECs for compliance with the Colorado Renewable Energy Standard.
Renewable Energy systems installed for compliance with local or county program or code requirements, such as REMP or Eco-Build, or owned by third parties and leased to the HCE member of record are not eligible to receive an incentive payment under the above structures. However, HCE will offer a REC purchase price of $100/kW for the first 25 kW of renewable energy installed at a site. The current maximum generator size eligible for incentives for net metering under HCE tariffs is capped at 25 kW.