(480) 420-7869 - 3143 E Greenway Rd Suite 601, Phoenix, AZ 85032
SRP (EarthWise Solar Energy Incentive Program)
| State: | Arizona |
| Incentive Type: | Utility Rebate Program |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Photovoltaics, Solar Pool Heating |
| Applicable Sectors: | Commercial, Residential, (SRP territory) |
| Amount: | Incentive Levels as of January, 2011: Residential and Small Commercial One-Time Incentives for PV systems: $1/watt DC Commercial PV systems with Production-Based Incentives (Greater than 30 kW): Program is out of funding through 4/30/2012. Residential solar water heaters: $0.45/kWh for 1st year estimated energy savings (based on SRCC rating) Commercial solar water heaters: $0.45/kWh for 1st year equivalent energy savings Solar pool heating (commercial only): $0.25/kWh for first year metered energy savings savings (unglazed panels); $0.45/kWh for first year metered energy savings (glazed panels) |
| Maximum Incentive: | Residential PV: $5,000 Commercial PV One-Time Incentive: $36,000 Commercial solar water heaters: $350,000 per customer per fiscal year; incentive not to exceed 60% of the individual total project cost(s) Solar pool heating: $350,000 per customer per fiscal year; incentive not to exceed 60% of the individual total project cost(s) |
| Eligible System Size: | Commercial PV: 600 kW-DC maximum Commercial solar water heating: up to 50,000 sq ft collector area |
| Equipment Requirements: | PV: panels and inverter must be UL-listed; Solar water heating systems must be OG-300 certified |
| Installation Requirements: | Must be installed by a properly licensed contractor. |
| Ownership of Renewable Energy Credits: | SRP |
| Web Site: | http://www.srpnet.com/environment/earthwise/solar |
SRP’s EarthWise Solar Energy 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 EarthWise program will help the utility meet this goal.
Residential Incentives
As of August 24, 2011, the incentive for residential photovoltaic (PV) systems is $1.20/watt DC, with a maximum payment of $6,750 per system. The incentive may be adjusted based on the expected performance of the system. The incentive for residential solar water heating systems is $0.45 per kilowatt hour (kWh) of estimated first year energy savings. The energy savings are estimated based on an OG-300 rating. In exchange for these incentives, SRP will have ownership of the RECs associated with the renewable energy system for a period of 20 years. Incentive levels for PV systems will decrease as certain participation targets are met. SRP has funding for a total of 4.5 MW of residential PV systems through April 30, 2012. PV incentives are scheduled to step down twice during this time period; once after 2.5 MW have been installed and again after another 1.5 MW have been installed. SRP has dedicated another $2 million for residential solar water heating incentives through April 30, 2012.
Commercial Incentives
As of June 28, 2011, commercial PV systems can receive a one-time incentive of $1.20/watt DC, up to a maximum of $36,000. The budget for larger commercial PV systems (30 kW to 600 kW) is currently exhausted. See website above for more details. Commercial solar water heating systems can receive an incentive of $0.45 per kilowatt-hour of the annual energy savings realized by the system. SRP has funding for a total of 1.1 MW of small commercial PV systems, and 6 MW of large PV systems, through April 30, 2012. PV incentives are scheduled to step down twice during this time period as certain MW levels have been installed. SRP has dedicated another $2 million for commercial solar water heating incentives through April 30, 2012. Residential solar pool heating systems are not eligible for incentives. Commercial solar pool heating systems are eligible for an incentive of $0.25/kWh of first-year energy savings, or $0.45 per kWh of metered first-year energy savings, if the panels are glazed, up to $350,000. Larger systems may participate, but the incentive will be capped at $350,000. (Click here for more information on incentives for commercial applications.)
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