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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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Interim Rate Announced for SRP's Arizona Solar Rebate

Posted by GetSolar Staff In Tuesday, November 16 2010 under: Solar Energy Rebates, Solar Energy Incentives, utility, Arizona Solar, SRP

A bit ago, we reported that Salt River Project (SRP) -- an Arizona utility -- couldn't keep up with demand for its solar rebate program, and therefore decided to suspend rebates until 2011. The abrupt suspension of solar rebates in other parts of the country has, not surprisingly, put many solar project plans on ice. Without knowing what size rebate will be available for future solar installations, system owners and solar installers alike aren't able to accurately estimate out-of-pocket solar costs.

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In Arizona, SRP Solar Rebate Put On Hold Until 2011

Here we go again... Yet another solar energy rebate program will be put on hold due to high demand. The latest victim is the EarthWise solar rebate program from Salt River Project (SRP), an Arizona utility.

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New Arizona Solar Info Website Goes Live Tomorrow

Posted by Adam Sewall In Tuesday, August 31 2010 under: Solar Power Info, Arizona Solar, APS, SRP, Arizona Goes Solar

Good news for Arizona homeowners: you will soon have (yet another) online source for solar-related information.

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Arizona's SRP Adds Energy Efficiency Rebates

Arizona's Salt River Project (SRP) has been among the state's largest power and water sources for over 100 years. Now the utility is taking measures to conserve both.

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Outlook Brightens For Arizona Solar

Posted by Margaret Collins In Friday, February 26 2010 under: Solar Industry News, Arizona Solar, SRP, Energy Policy

A bill that could have seriously damaged Arizona's solar industry has been pulled from the legislature, says House Spokesman Paul Boyer. Rep. Debbie Lesko (R) is going to withdraw the bill that would have hit solar with a double whammy: first, by removing the Corporation Commission's ability to set renewable portfolio standards for state electric utilities; and second, by including nuclear and hydroelectric power as renewable energies.

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Reminder: SRP Solar Rebate To Decrease in April

Posted by Margaret Collins In Monday, January 18 2010 under: Solar Energy Rebates, Arizona Solar, Commercial Solar, Solar Homes, SRP

For all you Phoenix-area customers of SRP, remember that the utility's EarthWise Solar Energy Program's excellent solar rebate is due to scale back at the end of April 2010. Right now, residential ratepayers can save up to $13,500 on the cost of a home solar installation. Also, the program offers strong incentives for commercial solar installations of all sizes:

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SRP Rate Hike Good For Solar

Customers of Arizona utility SRP were warned in December that the utility was planning to increase electric rates by 4.9 percent late this spring. This is a scaling back of SRP's original plan to hike rates by 8.8 percent, a plan derailed by the economy, and should only add about $6 to an average electric bill. Knowing that the utility does have a higher goal in mind, though, how long will it take them to raise rates again? The hike this time around is primarily to fund a new coal-fired power plant in eastern Arizona, replacing a now-defunct plant in Nevada.

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SRP customers in Arizona: Act now!

The EarthWise Solar Energy rebate program, sponsored by SRP in Arizona, will soon reduce the amount of money available to homeowners and businesses who install solar photovoltaic (PV) panels or a solar water heating (solar thermal) system. According to SRP's Web site, "[e]ffective June 1, 2009, the EarthWise Solar Energy program will be changing. All applications postmarked on or after June 1, 2009, are subject to these new incentive levels."

What are those new incentive levels, you say?

SRP is reducing the residential solar electric incentive from $3.00 per watt to $2.70 per watt, and is reducing the commercial solar electric incentive from $2.50 per watt to $2.25 per watt. The current residential and commercial solar water heating incentive level of $0.50 per kilowatt-hour will remain unchanged.

In addition, SRP is revising the cap on commercial solar water heating incentives to $250,000 per site, limiting the size of eligible residential solar electric systems to 5 kilowatts and limiting the commercial solar electric incentive cap to $450,000.

The incentives have been adjusted to accommodate the tremendous increase in requests for participation. We believe that increasingly generous federal tax credits, coupled with declining solar costs, will help offset the slight decrease in the SRP incentives. Ultimately, these changes will allow more customers to take advantage of the funding provided by SRP.

Essentially this means that if you're an SRP customer -- either commercial or residential -- and you've been meaning to install some solar panels or a solar hot water system, you've got about two weeks to get your stuff together. If you act fast, it's not too late to get set up with an installer and apply for the current (higher) rebate amounts. While the reductions are by no means huge, those dimes and quarters really add up when you're talking about installing thousands of watts of solar PV power.

Get started on your project by filling out our solar energy information form. It's free and takes just a few minutes to complete. For more info on AZ solar power incentives, check out our Arizona solar energy incentive pages for residential systems and commercial systems.

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