Solar water heating for your home from SRP Solar Energy
Updated May 7, 2018
The SRP Residential Solar Water Heating Program is designed to help you reduce your energy usage. Only electric backup systems are eligible for the program.
SRP has dedicated $60,000 in funding for the Residential Solar Water Heating Program through April 30, 2018. Progress towards that goal is reflected in the reservation status bar on the right of the page.
PLEASE NOTE: Contractors agree to apply the SRP incentive at the time of purchase to reduce the total installed system price by the amount of the SRP incentive. After the application process has been completed, SRP will issue the incentive payment to the contractor on the customer's behalf. SRP customers will still receive the benefit of the incentive and, therefore, will receive an IRS 1099 MISC form for tax purposes.
Step 1 - Review financing options
If your home is a good candidate, it is important to review the financial implications before deciding to install a solar water heater. Residential SRP customers who install a solar water heater may qualify for an incentive payment of $0.30 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 ($0.24 per kWh) 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.
|Typical cost||SRP solar incentive||Arizona tax credit||Federal tax credit||Net cost||Annual savings||Simple payback|
|2,800 kWh per year||$6,510||$840||$1,000||$1,953||$2,717||$275||10 years|
Step 2 - Review process checklist
The SRP Residential Solar Water Heating 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 program requirements . The process typically takes up to two 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, you will need to select a licensed solar water heater dealer and installer. Get advice to help you make an educated choice and use the Solar Contractor Bid Comparison Form to evaluate your options.
Once selected, your contractor will help you complete and submit all necessary paperwork to SRP, including the Solar Water Heating Application . You will also fill out a Bill of Sale Form . SRP offers an incentive in exchange for the environmental attributes. If changes to any portion of the application package are made after the approval, the customer or their contractor must submit a Residential Solar Water Heating Application Addendum .
Frequently asked questions
Solar installations in your neighborhood
Learn more about the status of solar installations throughout Arizona at www.arizonagoessolar.org.
If you have questions about the SRP Residential Solar Water Heating Program, please contact a solar representative at (602) 236-4448.
SRP Solar Energy is also available to business customers.