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.