SRPBusiness Solutions is a program designed to help SRP business customers manage energy usage and increase the energy efficiency of participating facilities. Within this program there are several different programs that offer rebates for lighting, heating and cooling, ECM motors, compressed air systems, custom projects, large business energy assessments and equipment upgrades, new construction and retrocommissioning of existing major mechanical and electrical systems.
Salt River Project (SRP) modified an existing net-metering program for residential and commercial customers in November 2013. Net metering is now available to customers who generate electricity using photovoltaic (PV), geothermal, or wind systems up to 300 kilowatts (kW) in AC peak capacity.
'''''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. '''''
Arizona's Solar Energy Credit is available to individual taxpayers who install a solar or wind energy device at the taxpayer's Arizona residence. The credit is allowed against the taxpayer's personal income tax in the amount of 25% of the cost of a solar or wind energy device, with a $1,000 maximum allowable limit, regardless of the number of energy devices installed. The credit is claimed in the year of installation. If the amount of the credit exceeds a taxpayer’s liability in a certain year, the unused portion of the credit may be carried forward for up to five years.
In November 2006, the Arizona Corporation Commission (ACC) adopted [http://images.edocket.azcc.gov/docketpdf/0000063561.pdf final rules] to expand the state's Renewable Energy Standard (RES) to 15% by 2025, with 30% of the renewable energy to be derived from distributed energy technologies (~2,000 megawatts). In June 2007, the state attorney general certified the rule as constitutional, allowing the new rules to go forward, and they took effect 60 days later.
[http://www.azleg.gov/legtext/49leg/1r/bills/sb1403s.pdf SB 1403], signed in July of 2009, created tax incentives intended to draw renewable energy product manufacturers to Arizona. Specifically, income tax credits and property tax incentives are available for companies choosing to establish or expand their manufacturing facilities and corporate headquarters in Arizona. To be eligible the business must meet certain minimum requirements for the quantity and quality of new jobs created.
This incentive allows Arizona taxpayers to deduct the cost of converting an existing wood fireplace to a qualifying wood stove. The cost to purchase and install all necessary equipment is tax deductible, up to a maximum $500 deduction.