To submit the Xcel Energy Solar Bank Election Form, complete all required fields, sign, and date the form. Submit the form via email to SolarProgramCO@xcelenergy.com or fax it to 800-252-4371. Ensure submission by December 1st for the election to apply to the current year. Accurate submission ensures proper handling and benefits from excess energy credits.

The form must be submitted by December 1st, 2024, for it to apply to the current year. Ensure timely submission to make sure your chosen election is valid for 2025 as well.

The Xcel Energy 2022 Solar Bank Election Form serves the important purpose of helping customers manage excess generation from their net-metered PV systems. By completing this form, customers can elect how they wish to handle their surplus energy, whether through continuous rollover credits or year-end buyouts. The form provides an opportunity for customers to make informed decisions about their energy management. This can have significant financial impacts by optimizing the credits received from excess generation, thereby reducing overall energy costs. Moreover, it sets a structured approach for customers to decide on either taking advantage of year-end payouts or continuous rollover of energy credits. Customers should thoroughly review the election options and understand the implications of each choice. Once a decision is made, filling out and submitting the form ensures that the chosen method will be applied, enabling effective energy management and financial planning.

• 1. Name: The full name of the customer as listed on the Xcel Energy account.
• 2. Address: The physical address associated with the Xcel Energy account.
• 3. City, State, ZIP: The city, state, and ZIP code for the account holder's address.
• 4. Xcel Energy account number: The unique account number assigned to the customer by Xcel Energy.
• 5. Xcel Energy premise number: The specific premise number where the net-metered PV system is installed.
• 6. Customer signature: The customer's signature to validate the form and the election choice.
• 7. Date: The date on which the form is signed and completed by the customer.

Failure to submit the form by the specified deadline can lead to the default option being applied automatically. This may affect the financial benefits and proper handling of excess energy generation.

• Default Option: If no form is submitted, the account will default to the Waive Decision option, potentially impacting energy credits received.
• Missed Credits: Customers may lose out on optimal credit allocation and year-end payouts if the form is not submitted.

• 1. New Installation: Use this form when setting up a new net-metered PV system to decide on energy credit management.
• 2. Annual Election: Complete the form each year by December 1st to validate your choice for the upcoming year.
• 3. Change of Ownership: If your property changes ownership, the new owner should submit a form to make their election.
• 4. Relocation: When moving to a new premise with an existing net-metered PV system, submit the form to establish your election.
• 5. Billing Method Change: If switching from Average Monthly Payment or any other billing method, use the form to manage excess energy credits.