Standard (non OG-300 rated) and solar pool heating commercial solar water heaters: $75,000 per customer per fiscal year, not to exceed 60% of project costs.
Residential PV: $500
Small Commercial PV: $30,000
''Incentive Levels as of May 1, 2013:''
Residential PV: $0.10/W
Nonprofit, School, and Government PV: $0.04/kWh
Small Commercial PV: $0.10/W
Residential solar water heaters: $0.35/kWh for 1st year estimated energy savings (based on SRCC rating)
Commercial solar water heaters: $0.35/kWh for 1st year equivalent energy savings
Solar pool heating (commercial only): $0.35/kWh for first year metered energy savings (glazed panels only)
'''''NOTE: SRP reopened its incentive programs effective May 1, 2013. SRP has funding available for 12 MW of residential photovoltaic (PV) systems, 4 MW of small commercial PV systems, 5 MW of nonprofit, school, and goverment PV. $1.1 million is available for residential solar water heaters, and $160,000 is available for commercial solar water heaters. All incentive rates will step down over time as participation goals are met. '''''
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 set a voluntary goal in 2004 of having 15% of their retail sales come from renewable resources by 2025, mirroring the [http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=AZ03R&re... 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.
SRP has funding for a total of 12 MW of residential PV systems for May 1, 2013 through April 30, 2014. Incentive rates are currently set at $0.10 per watt (up to 5 kilowatts) and will step down over time as participation goals are met.
The incentive for residential solar water heating systems is $0.35 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.
SRP has funding for a total of 4 MW of small commercial PV systems for May 1, 2013 through April 30, 2014. Incentives will step down over time as participation goals are met.
[http://www.srpnet.com/environment/earthwise/solarbiz/solarwaterheat.aspx Commercial solar water heating systems] can receive an incentive of $0.35 per kilowatt-hour of the annual energy savings realized by the system, up to $75,000. SRP has dedicated $160,000 for commercial solar water heating incentives through April 30, 2014. Commercial solar pool heating systems are eligible for an incentive of $0.35/kWh of first-year energy savings, up to $75,000. Larger systems may participate.applications.)
''Nonprofit, School, and Government Incentives''
SRP has funding for 5 MW of PV for nonprofits, schools, and governments May 1, 2013 through April 30, 2014.
PV: panels and inverter must be UL-listed
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.
Large solar water heating and solar pool heating panels must be OG-100 certified by a third party entity approved by SRP and must be installed per the rating agency’s qualifications and standards.