New EarthWise Solar Energy program structure
SRP has reduced the residential solar electric incentive from $3.00 per watt to $2.70 per watt, and the commercial solar electric incentive from $2.50 per watt to $2.25 per watt through April 30, 2010. The current residential and commercial solar water heating incentive level of $0.50 per kilowatt-hour will remain unchanged.
Yearly incentive amounts
The table below details the future incentive levels for residential and commercial solar electric system applications. There will be no decline in incentives for solar water heating.
| SRP fiscal year |
Residential solar electric |
Commercial solar electric |
| June 1, 2009 - April 30, 2010 |
$2.70/watt |
$2.25/watt |
| May 1, 2010 - April 30, 2011 |
$2.55/watt |
$2.10/watt |
| May 1, 2011 - April 30, 2012 |
$2.40/watt |
$1.95/watt |
| May 1, 2012 - April 30, 2013 |
$2.25/watt |
$1.80/watt |
| May 1, 2013 - April 30, 2014 |
$2.10/watt |
$1.65/watt |
| May 1, 2014 - April 30, 2015 |
$1.95/watt |
$1.50/watt |
If you have questions, please contact us via e-mail at EarthWiseSolar@srpnet.com.
Please note: Application processing times during this transitional period may take longer than usual and we appreciate your patience. SRP will process applications and reserve incentives in the order in which they are received. Incomplete applications will not be granted a reservation until the missing information is provided.
