Solar Energy Blog

What exactly is the Xcel Renewable Energy Trust (RET)?

The Xcel Renewable Energy Trust (RET) is a solar funding program which collects and distributes funds to support the construction of more solar energy projects and photovoltaic systems for organizations throughout the state of Colorado.

Though the program is often overlooked, Xcel has awarded a total of 30 grants in the past 11 years with average award amounts between $15,000 and $40,000 to each qualifying organization.

Who can apply?

Any non-profit or other public organization in Colorado looking to invest in, or is otherwise working towards clean, renewable energy products (such as a solar PV system) may apply.

Previous RET grant recipients include:

• Colorado Energy Science Center
• The Pueblo (Colorado) Zoo
• University of Colorado Foundation
• Boulder Shelter for the Homeless
• Carbondale & Rural Fire Protection District

What does the Xcel RET offer?

• Funding for the construction of renewable energy projects - including solar projects
• Average award amounts vary between $15,000 - $40,000.
• Organizations that receive a grant from the Renewable Energy Trust also remain eligible to participate in Xcel's Solar* Rewards program - another Xcel funding program specifically tailored to support those interested in offsetting their energy costs with a solar system.
• Donations sent to the RET are tax-deductible.

Where and how to apply:

A non-profit or other qualifying organization can apply by visiting Xcel's Renewable Energy Trust page, filling out the available RET grant application, and then submitting it to Xcel by e-mail.

• Applications are due by April 15, August 15, or December 15 and will be reviewed by The Renewable Energy Trust Customer Advisory Panel.
• Funds are limited, therefore, it is encouraged that non-profits apply for solar grants at the earliest date of the year instead of waiting until December. Depending upon the project and how genuine the RET believes the intentions of the non-profit are, a sizeable donation may be granted.
• As a part of the project evaluation criteria, non-profits that apply for RET funds must be able to show how their project will increase public awareness about renewable energy and the Renewable Energy Trust.

For additional information about the Xcel Renewable Energy Trust, e-mail Xcel or give them a call 1-800-895-4999.

RET donations: where should I send it?

Anyone has the opportunity make a donation to the Renewable Energy Trust to help keep the opportunities and benefits of clean, renewable energy available in our communities. Donations may be given by calling 1-800-895-4999 or a check or money order may be sent to the address below.

Xcel Energy ‐ Renewable Energy Trust

Attention: Jaclyn Webb

1800 Larimer Street, Suite 1500

Denver, CO 80202

The Renewable Energy Trust is a tremendous opportunity for non-profits to benefit from funding and pursue their solar energy goals where the community and environment both benefit in the long run.

For Additional information on how your Colorado non-profit or community organization seeking to invest in solar might benefit from the Xcel Renewable Energy Trust, please visit Xcel's RET page.