According to Brian Hammarsten of Xcel Energy, “Last year (2010) customers took advantage of more than $20 million that we budgeted for rebates and incentives for energy efficiency measures.”
Xcel is lowering their rebate on Parking Garage Light fixtures from $125 to $85. This is due to price drops in the wholesale cost of these fixtures…
In 2010 we increased customer rebate levels on most of the products covered by our Lighting Efficiency program. These rebates help our customers offset the higher cost of more efficient equipment by funding a reasonable portion of each project, not to exceed 60 percent of project cost.
However, economic conditions changed considerably later in the year and the cost of the equipment – particularly parking garage lighting – was not as high as originally anticipated. And while reduced cost is good news for customers, it also means we must follow suit when setting our rebate structure.