Solar water heating options for your business from SRP Solar Energy

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

SRP has dedicated $160,000 in funding for the Commercial Solar Water Heater Program through April 30, 2014. Progress towards that goal is reflected in the reservation status bar on the right of the page.

Getting started

Step 1 - Review financial implications

It is important to review the financial implications before deciding to install a solar water heater. To ensure you choose what's best for your business, SRP offers the following options:

OG-300 rated solar water heater incentive

Commercial SRP customers who install an OG-300 rated solar water heater may qualify for an incentive payment of $0.35 per kilowatt-hour of the annual energy savings realized by the system. SRP bases the level of energy savings on the OG-300 rating of the system and the orientation of the solar collector panels. SRP provides prorated incentives for systems in which the solar collectors are not installed in an optimal location.

Here's an example to help you calculate the costs associated with the installation of a solar water heater once you take SRP's incentives and applicable tax credits into account.

Energy production	Typical cost	SRP one-time incentive	Arizona tax credit	Federal tax credit	Net cost	Annual savings	Simple payback
2,800 kWh per year	$9,013	$980	$901	$2,703	$4,429	$226	19 years

 

Standard water heater incentive

Commercial SRP customers who install a solar water heater may qualify for an incentive payment of $0.35 per kWh of metered first year energy savings, up to $75,000.

Here's an example to help you calculate the costs associated with the installation of a solar water heater once you take SRP's incentives and applicable tax credits into account.

Energy production	Typical cost	SRP solar incentive	Arizona tax credit	Federal tax credit	Net cost	Annual savings	Simple payback
150,000 kWh per year	$160,000	$52,500	$16,000	$48,000	$43,500	$12,150	3.58 years

 

Pool solar water heater incentive

Commercial SRP customers who install a pool solar water heater with glazed panels may qualify for an incentive of $0.35 per kWh of metered first-year energy savings, up to $75,000. Please note unglazed panels are ineligible for incentives.

Step 2 - Review process checklist

The following checklists will walk you through the steps you will need to follow in order to qualify for an SRP incentive.

• Commercial Solar Water Heater Process Checklist for OG-300 systems
• Commercial Solar Water Heater Process Checklist for standard and pool solar water heating systems

Please be sure to review the program requirements . The process typically takes 14 to 18 months from SRP's receipt of the completed application package until the incentive is issued but can vary based on project specifics.

Step 3 - Select a contractor

Once you have determined that installing a solar water heater makes sense for your business, you will need to select a licensed solar water heater 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 Water Heater 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 the SRP Commercial Solar Water Heater Program, please contact a solar representative at (602) 236-4663.

SRP Solar Energy is also available to residential customers.