Huffpost Denver

Xcel Cuts Solar Incentive

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Xcel Energy said Wednesday that it is cutting the financial incentives it offers to customers for solar-energy installations.

In addition, the utility is asking state regulators to approve further cutbacks in the subsidy program.

Xcel said the reductions are justified because the cost of solar panels has been declining and customers no longer need higher incentives to offset installation costs.

Read the whole story at The Denver Post