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Last Updated August 11, 2023

Program Overview


Financial Incentive



Incentive Type:

Rebate Program


Xcel Energy

Start Date:


Expiration Date:


Web Site:

Applicable Sectors:

Commercial, Industrial, Local Government, Nonprofit, State Government

Eligible Renewable/Other Technologies:

Refrigerators/Freezers, Lighting, Lighting Controls/Sensors, Chillers, Heat pumps, Air conditioners, Duct/Air sealing, Motors, Motor VFDs, Processing and Manufacturing Equipment, Custom/Others pending approval, Other EE, LED Lighting


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 minimum peak 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.