APS and EPR 6 – Solar Pays Even Better!
This dynamic industry has just added another incentive for homeowners to “Go Green!” Now customers will benefit monetarily with a “Buy-Back” from their utility company.
One of the biggest advantages of a solar-powered home has been “net metering.” Under this program, the homeowner sells a portion of the electricity they produce to the electric company, either APS or SRP. The meter actually runs backward indicating their solar panels are producing more power than the home requires. This excess electricity flows back to the utility company’s grid and creates a credit on the homeowner’s utility bill.
In the past, at the end of the year the utility company would zero out all credits and start fresh as of January 1st. The Arizona Corporation Commission has just approved APS to actually pay solar customers for any credit they have as of December 31 each year! For some customers this can be a significant check to look forward to each year.
The program, EPR 6, allows customers to install a PV solar system that would produce up to 125% of their current demand. APS will buy-back any remaining credits at the end of the year at the following rates:
- Standard Plan – 6.187 cents/kWh
- Time of Use Plan –
- On-peak 6.59 cents/kWh
- Off-peak 5.963 cents/kWh
This truly is an incredible time for customers to “Go Green!” It all adds up: The sizable rebates from APS and SRP, a 30% Federal tax credit that can be taken in its entirety the following year with a carry- forward of five years on any unused portion, the $1000 State tax credit and now the ability to receive a check from the utility company all combine to make this one of the best investments a person can make.
Contact Harmon Solar to find out more about saving money on your electric bill.
Lisa
Solar Energy Consultant
Related posts:
- Another Electric Rate Hike?
- SRP Rebates – A Step in the Right Direction
- It’s Not Too Late to Take Advantage of SRP Solar Rebates
- Does grid parity matter?
- Start Planning Now for Tax Savings with Solar Energy
Tagged with: APS credits • EPR 6
Filed under: APS Incentives
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Hi there, ive recently just been shocked at my electricity bills lately, paying way too much, im sure we can all agree? I think solar energy is the way to go, easy to set up and pretty self explanatory, and where i live, i can actually sell the power generated back to the grid, Pretty sweet. The post is really nice mate, giving me that extra push to go out plug my appliances in the sun from now on. Cheerio!