Solar electricity for your business
The SRP Commercial Solar Electric Program is designed to help encourage investment in solar technology by helping reduce the system's cost.
Step 1 - Review financial implications
It is important to review the financial implications before deciding to install a solar electric system. The ultimate out-of-pocket cost will depend on whether you purchase the system outright, obtain a loan, or lease the system. Examine all of your options in order to choose the financing method that best fits with your overall business plan.
SRP offers commercial customers the following options for a solar installation:
Solar electric system incentives
Solar for businesses
Updated October 27, 2014
SRP has set aside funding for 6 megawatts (MW) of incentives for customers for the Fiscal Year 2015 (May 1, 2014 – April 30, 2015). The incentive structure is as follows:
- $0.05 per watt up to $15,000
3MW of the incentive is for business and commercial installations. The other 3MW are reserved for schools, nonprofits and government entities.
Progress towards the 6 MW goal is reflected in the reservation status bar on the right of the page.
Solar for nonprofits
Updated October 27, 2014
Here's an example to help you calculate the costs associated with the installation of a solar electric system if you were to purchase your system outright and receive SRP's incentives and applicable tax credits. Depending on your financing method, there may be other costs to take into account such as loan/lease payments and termination clauses.
|Size||Typical cost||SRP solar incentive||Arizona tax credit||Federal tax credit||Net cost|
You can also see the cost per watt ranges for solar electric systems here.
Step 2 - Review process checklist
The SRP Commercial Solar Electric Process Checklist will walk you through the steps you will need to follow in order to qualify for an SRP incentive.
Please be sure to review the Commercial Solar Electric Program Requirements . The process typically takes 5-8 months from SRP's receipt of the completed application package until the incentive is issued but can vary based on project specifics.
Step 3 - Review interconnection agreements
Be sure that you review and understand the following sample agreements. You will be required to sign this agreement before interconnecting your solar electric system:
- Distribution Interconnection Agreement for Inverter Based Generators:
Step 4 - Select a contractor
Once you have determined that installing a solar electric system makes sense for your business, you will need to select a licensed solar electric installer. Get advice to help you make an educated choice.
Once selected, your contractor will help you complete and submit all necessary paperwork to SRP.
Frequently asked questions
Solar installations in your area
Learn more about the status of solar installations throughout Arizona at www.arizonagoessolar.org.
If you have questions about SRP's Commercial Solar Electric Program, please contact a solar representative at (602) 236-4663.
SRP Solar Energy is also available to residential customers.