Important: Changes to the Xcel ENERGY STAR for New Homes Rebate Program
Friday, July 9th, 2010If you are a Populus client with homes enrolled in the Xcel ENERGY STAR for New Homes Rebate program, Xcel has announced new changes to the rebate program that may substantially affect your potential rebate.
For any home enrolled in the rebate program AFTER AUGUST 1, 2010, NO REBATES WILL BE AVAILABLE FOR CITY OF BOULDER OR BOULDER COUNTY HOMES OVER 3,000 Square Feet. What does this mean for Populus clients? First, if you have a home over 3,000 square feet in these jurisdictions that you would like to have enrolled in the program, please contact Populus AS SOON AS POSSIBLE to provide the information that we need to register your home. Second, if you are building a home over 3,000 square feet that was registered prior to August 1, 2010, the current rebate levels will remain available to you only if you complete construction prior to December 15, 2010. This means that anyone building a home in the City of Boulder or Boulder County that is larger than 3,000 square feet will not be eligible to receive any rebates if you don’t complete construction before December 15, 2010 (even if you registered the home in the program before August 1st).
We understand that this change to the program may cause some of our builders not to receive rebates that they were expecting. Unfortunately, Populus has no control over the Xcel ENERGY STAR for New Homes program and the rebate levels available to our clients (or eligibility rules governing the program). For our clients in the City of Boulder and Boulder County who are building homes that are 3,000 square feet or below, the rebate level available will be increasing. We will continue to update you as more information regarding these changes becomes available.
For all projects registered after August 1, 2010, the new Xcel ENERGY STAR for New Homes rebate structure will be as follows:
| HERS Index Range | Mountain and All Other Non Boulder Areas | City of Boulder up to 3,000 SF |
City of Boulder 3,000 – 5,000 | City of Boulder > 5,000 |
| 80/85 – 76 | N/A | N/A | N/A | N/A |
| 75 -71 | $360 | N/A | N/A | N/A |
| 70 – 66 | $700 | N/A | N/A | N/A |
| 65 – 61 | $1,400 | $800 | N/A | N/A |
| 60 and below | $2,200 | $1,100 | N/A | N/A |

