SRP’s Solar Hot Water Rebates Have Not Decreased

Even though there is still time to take advantage of the current SRP solar rebates, I’ve had many people tell me they can’t make the financial commitment before the end of the month. If you want to become energy independent, but need to wait on installing a solar system, there are small steps you can take. A solar water heater is less expensive than a complete solar system, and is a step in the right direction. Not to mention, the SRP rebate decrease does not affect solar water heating systems, at least for now.

SRP customers who install a solar water heating system qualify for a payment of $.50/kilowatt hour of energy savings. On top of that, the Arizona government gives a 25 percent credit, up to $1,000, and the federal government offers a 30 percent credit, up to $2,000. These credits and rebates can save you a lot of money! For example, a $5,000 solar system would only cost $1,590 and could save more than $200 a year (depending on energy usage) on your electricity bill. This means the solar water heating system will have paid for itself in less than 7 years. While this option does not completely eliminate an electric bill, it can shave off a chunk of the expense.

There’s no telling when these incentives will decrease or disappear altogether. If you’re curious to know how much a new solar water heating system would cost for your home, give a certified solar installer a call for a quote.

Holly
Public Relations

It seems to be the topic of conversation lately: APS increased our electric rates again! Everywhere I go I seem to be having the same conversation as the summer heat is upon us. Everyone is tired of paying their electricity bill. Perhaps it’s the economy that has all of us talking about our bills more? We’re all looking for ways to cut back, be more frugal and save money.

The idea of having virtually no APS bill is hard to imagine, but it’s finally a reality. Now with the solar energy rebates from APS and SRP, which are huge, along with the Federal and State tax credits, the average homeowner can finally afford solar energy for their home. The key change to the incentives is that now we can take all of the 30% Federal tax credit on next year’s taxes. By removing the cap of $2000 a year, the flood gates have opened up to a huge market that really wanted to Go Solar, but couldn’t afford it before.

In the future, those of us who have invested in a solar energy system for our home will no longer be concerned with the utility company’s rate hikes. We’ll just enjoy a greater return on our investment!

Lisa
Harmon Solar Sales