Xcel Energy's Innovative EV Equity Programs
•Download as PPTX, PDF•
0 likes•18 views
Skyler Potocek, Customer Program Administrator, Xcel Energy gave this presentation at Forth Roadmap Win Federal Funding for Electric Mobility in Your Community workshop on Monday, May 15, 2023.
Recommended
Recommended
More Related Content
Similar to Xcel Energy's Innovative EV Equity Programs
Similar to Xcel Energy's Innovative EV Equity Programs (20)
More from Forth
More from Forth (20)
Recently uploaded
Recently uploaded (20)
Xcel Energy's Innovative EV Equity Programs
- 1. Xcel Energy Electric Vehicle Equity Programs Skyler Potocek Customer Program Administrator Clean Transportation Xcel Energy Skyler.E.Potocek@xcelenergy.com May 15, 2023
- 2. 2 Innovative EV Solutions Our innovative programs raise awareness, reduce up-front costs, and make it easier for customers to charge electric vehicles on low cost, low carbon energy in a way that’s good for the grid Xcel Energy service territories in light blue on map © 2022 Xcel Energy
- 4. Xcel Energy Net-Zero Energy Provider by 2050 Goals that cover all the ways our customers use energy 4 © 2022 Xcel Energy
- 5. Achieving the Clean Transportation Vision Enabling one out of five vehicles in the areas we serve to be electric by 2030 delivers significant benefits $1 BILLION In customer fuel savings annually by 2030 $1 OR LESS PER GALLON (EQUIVALENT) To drive an EV with Xcel Energy’s low, off-peak electricity prices at home 5 MILLION TONS OF CARBON EMISSIONS Eliminated annually by 2030 with our clean energy ACCESS Holistic programs and infrastructure for all customers at home, work and on the go 5
- 7. Equity Definitions What is a Higher Emissions Community? A Higher Emissions Community (HEC) is a community within an area that is disproportionately affected by vehicle emissions related air quality concerns. These communities may also be impacted by income inequality. 7 © 2022 Xcel Energy Is my community considered income qualified? Qualifications vary depending on organization type. Businesses: Your organization is a non-profit or public organization eligible to participate in Xcel Energy's non-profit efficiency programs. Community Hubs: Your project is located in a county or census block where 50 percent or more of households have incomes at or below 80 percent of area median income (AMI). Multifamily Buildings: Your building has participated in the federal Weatherization Assistance Program Multifamily Weatherization within the last five years or currently meets income qualification requirements for that program.
- 8. *Can be combined with EVSI Commercial Rebates Commercial rebate programs are currently available for CO customers only • Income Qualified and High Emissions Community Rebate*: Receive help to cover the cost of chargers. Rebate up to $2,200 when installing a Level 2 port or $45,000 when installing a DC fast charger. • Income Qualified and High Emissions Community Rebate*: Receive up to $8,800 when you install four Level 2 chargers (minimum four ports), and up to $31,200 when you install a DC fast charger. Helps to cover the cost of chargers. • Income Qualified and High Emissions Community Rebate*: Receive help to cover the cost of chargers. Rebate up to $8,500 per port. • New Construction Rebate: Receive up to $2,000 per port to help cover the cost of wiring and chargers. For all costs to install EV charging above and beyond code requirement. • Standard Rebate: Receive up to $2,500 per port to help cover the cost of wiring. For sites with three or fewer ports and a meter with less than 50 kW of existing demand. • Income Qualified and High Emissions Community Rebate: Receive up to $2,000 per port on top of the standard rebate to help cover charger cost. • Income Qualified and High Emissions Community Rebate*: Receive up to $2,200 when installing a Level 2 port or $45,000 when installing a DC fast charger. • Fleet Electrification Advisory Program*: No cost Data-driven assessments of EV fleet opportunities and charging infrastructure. Fleet Workplace Multifamily Small Business Community © 2022 Xcel Energy
- 9. RESIDENTIAL REBATE PROGRAMS © 2022 Xcel Energy
- 10. Residential Customer Rebate Programs 10 © 2022 Xcel Energy Charger and Wiring Rebate (CO & NM) helps residential customers save on home wiring necessary to support a Level 2 charger; eligible chargers also qualify. • Market rate = $500; income-qualified customers can receive an expanded rebate ($1,300 CO, $2,500 NM) • Must also agree to charge off-peak 25% of the time EV Rebate (CO) EV Rebate helps Income Qualified customers save $5,500 off new or $3,000 off preowned EV purchase/lease. • Customers can receive an instant rebate at dealers in our EV Network or receive a check after purchase/lease at any CO dealer ev.xcelenergy.com/incentives
- 11. 11
Editor's Notes
- We serve customers across 8 states
- We are the first electric and gas utility to have this comprehensive set of three goals in the nation. In August of 2022, we announced a new 2050 transportation target, shown in the lower right hand corner, which is critical because transportation is now the largest source of emissions in the United States and we do something to help tackle this challenge. That’s why Electric vehicles are the next chapter in Xcel Energy’s clean energy transition. Our new zero-carbon transportation goal complements our vision to provide 100% carbon-free electricity by 2050. As we increase the amount of renewable and carbon-free energy on our system, EV drivers are plugging in and powering up with cleaner energy each day. In fact, an electric vehicle powered with electricity from Xcel Energy in 2021 was more than 55% cleaner than a conventional gasoline-powered car. By 2030, that number is expected to jump to more than 80%, under our plans for reducing carbon emissions.
- And there are significant benefits that are anticipated for our customers, communities, and the state, by achieving our vision with 1 in 5 vehicles being electric by 2030. Specifically, we have quantified these benefits for 2030 and many of you have seen this before. Charging an EV during off-peak at home costs the equivalent of about $1 per gallon of gasoline. Under our goal, customers would save $1 billion annually on fuel by 2030. As we continue to cut carbon emissions on our system, electric vehicles will run on ever-cleaner energy. This provides cleaner air for everyone – whether or not you drive an EV. We expect to avoid 5 million tons of carbon emissions annually by 2030 under our goal. What’s new is a focus on access. By 2030, we want to expand our key residential EV programs to all states, expand our commercial programs and support high speed public charging infrastructure every 50 miles on highways within our service areas. This aligns with the federal IIJA legislation that was adopted last year.