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SRP Relaunches Solar Power Rebate in Arizona

Good news for Arizona residents who are customers of Salt River Project (SRP): the Arizona utility recently relaunched its popular solar rebate program after a months-long hiatus during which an interim rebate was available.

As of May 1, SRP customers who install a residential solar photovoltaic (PV) energy system will be eligible to receive a rebate worth $1.35 per watt (solar panels are sized in watts). The rebate will be capped at 5 kilowatts (kW), which means that a homeowner who installs a system that's 5-kilowatts or bigger in size could receive $6,750 in incentives.

Here is SRP's explanation of how it has restructured the program:

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Arizona Utility Installs Solar Panels On Group Homes, Will Save $700 a Year at Each

As one of Arizona's main electricity utilities, Salt River Project (SRP) has done its part to promote the use of solar power -- mainly by providing solar rebate to customers who install solar panels on their home or business.

(For more info on SRP's solar incentive programs, see here and here.)

As it turns out, this isn't the only way the utility is increasing the number of residential solar energy systems within its service territory.

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