SRP - Solar Electric Program (Arizona)
Last modified on January 5, 2015.
Financial Incentive Program
|Name||SRP - Solar Electric Program|
|Incentive Type||Utility Rebate Program|
|Applicable Sector||Commercial, Residential, Nonprofit, Schools, Local Government, State Government, Tribal Government, Fed. Government, (SRP territory)|
|Eligible Technologies||Solar Water Heat, Photovoltaics|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| Incentive Levels as of May 1, 2014:|
Residential PV: 0.05/W
|Eligible System Size|| Residential incentives are capped at 5 kW (DC)|
Commercial PV systems must be less than 1,000 kW (DC)
|Equipment Requirements|| PV: Modules must be UL-listed. Inverters must be tested to UL 1741.|
Solar water heating systems: must be OG-300 certified by a third party entity approved by SRP and must be installed per the rating agency’s qualifications and standards.
|Installation Requirements||Must be installed by a properly licensed contractor.|
|Maximum Incentive|| Residential PV: 250|
Non-residential PV: 15,000
|Ownership of Renewable Energy Credits||SRP|
|Date added to DSIRE||2004-09-30|
|Last DSIRE Review||2014-10-14|
SRP's Solar Electric Program provides incentives to its residential and commercial customers to purchase PV or solar water-heating systems. In exchange for the incentives, SRP will receive all the renewable energy credits (RECs) associated with the systems. SRP's Board of Directors increased its self-imposed goal in 2011 of having 20% of their retail sales come from sustainable resources by 2020, mirroring the renewable energy standard that other Arizona utilities are required to meet. The RECs that SRP receives through the Solar Electric Program will help the utility meet this goal.
SRP has funding for a total of 12 MW of residential PV systems for May 1, 2014 through April 30, 2015. Incentive rates are currently set at $0.05 per watt (up to 5 kilowatts) and will step down over time as participation goals are met. Of the 12 MW, 10.75 MW has been reserved for solar on existing homes, and 1.25 MW has been reserved for new home construction.
The incentive for residential solar water heating systems is $0.30 per kilowatt hour (kWh) of estimated annual energy savings. Incentives are prorated for systems with solar collectors installed in sub-optimal locations. As of May 1, 2013, only electric backup systems are eligible for this incentive. The energy savings are estimated based on an OG-300 rating.
SRP has funding for a total of 3 MW of business or commercial PV systems for May 1, 2014 through April 30, 2015, and another 3 MW of PV for nonprofits, schools, and governments. The incentive amount is $0.05 per watt, up to $15,000. Incentives will step down over time as participation goals are met.
|Contact Name||Earthwise Solar Energy Program|
|Address||Mail Stop PAB355|
|Address 2||P.O. Box 52025|
|Phone 2||(602) 236-8888|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.