Solar electricity for your business from SRP EarthWise Solar Energy

Costs may vary depending upon the
contractor and materials you select.
SRP one-time incentive may be considered taxable income.
Please consult a tax professional.
The Arizona tax credit is 10% of the cost,
capped at $25,000. It expires in 2012.
The federal tax credit is 30% of cost, with no cap.
It expires in 2016.
Savings are calculated
based on an annual
solar energy production of
1,600 kWh per kW-DC
at $0.09 per kWh,
and will vary based on
the size of the system
installed, orientation
and energy consumption.

Does not include
additional tax savings that
may be possible through
accelerated depreciation.
Costs may vary depending upon the
contractor and materials you select.
The Arizona tax credit is 10% of the cost,
capped at $25,000. It expires in 2012.
The federal tax credit is 30% of cost, with no cap.
It expires in 2016.
The $0.10 per kilowatt hour incentive corresponds
to a system with an annual energy production
of 1,600 kWh per kW-DC. Actual incentive based on
performance of the system. SRP annual incentive
may be considered taxable income. Please consult
a tax professional.
Savings are calculated
based on an annual
solar energy production of
1,600 kWh per kW-DC
at $0.09 per kWh,
and will vary based on
the size of the system
installed, orientation
and energy consumption.

Does not include
additional tax savings that
may be possible through
accelerated depreciation.

The SRP Commercial Solar Electric Program is designed to help encourage investment in solar technology by helping reduce the system's cost.

Getting started

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:

Small solar electric systems with one-time incentive

SRP has set aside funding for a total of 1300 kilowatts (kW) of small commercial solar electric installations through April 30, 2012.

One-time reservations (kW)
1113
0 1300

Updated Jan. 30, 2012

Currently, SRP is offering an incentive level of $0.60 per watt, up to $18,000. Progress towards the goal is reflected in the reservation status bar on the right of the page.

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 Annual savings  Simple payback
30 kW $180,000 $18,000 $18,000 $60,000 $84,000 $4,320 19 years

 

Large solar electric systems with production-based incentive (PBI)

At this time, the number of applications received by SRP for large commercial solar electric installations has reached the 6 megawatt (MW) cap that was established for all installations through April 30, 2012. As a result, SRP is temporarily suspending this program.

SRP will honor applications at the previously advertised incentive levels for those customers that have received an incentive reservation. SRP will accept up to 2 MW of additional application packages for this program in the event of project cancellations. Once this 2 MW threshold is reached, SRP will no longer accept any large commercial solar electric applications.

For those customers that submit an application package that is accepted, an incentive will not be guaranteed for the project until such time as there are project cancellations. Should a customer with a reservation cancel their project, the available capacity will be offered at the $0.10/kWh incentive level to the next customer in line with a complete application package.

Please note that a complete application package includes those items outlined in the Commercial Solar Electric Process Checklist.

 

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:

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

Find answers to your questions about SRP's Commercial Solar Electric Program.


Solar installations in your area

Learn more about the status of solar installations throughout Arizona at www.arizonagoessolar.org.

Contact us

If you have questions about SRP's EarthWise Commercial Solar Electric Program, please contact a solar representative at (602) 236-4663.

SRP EarthWise Solar Energy is also available to residential customers.

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Information for contractors

Contractors can find more specific information about the process and associated requirements of SRP's Commercial Solar Electric Program.