Xcel Energy reaches deal with solar industry

Solar panels
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DENVER (AP) -- Xcel Energy and the solar industry have agreed to triple the size of the utility's popular solar panel incentive program.

The agreement between Xcel, Colorado's largest electricity provider, and the industry comes after the allocation for 2013 was used up in April.

Under the plan, Xcel will issue more solar panel installation rebates for small residential and commercial installations.

According to the Denver Post, SolarRewards paid nearly $212 million in rebates for more than 7,000 solar-power systems between 2006 and 2010.

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