In case you hadn’t heard, beginning June 1, SRP is decreasing the rebates for customers investing in solar systems. Right now, they are offering a big incentive to install solar on your home. SRP is giving a rebate of $3.00 per watt, up to 20,000 watts. Sadly, this great deal goes away at the end of this month. In June, the SRP rebate will decrease to $2.70 per watt, and a cap will be placed at 5,000 watts.
While 30 cents doesn’t sound like much, when you crunch the numbers the total amount saved with the current SRP rebate is huge! Most desert dwellers use much more than 5,000 watts of electricity per year. On my home for example, my average monthly SRP bill is $350. This is equivalent to a 15,000 watt solar system. If I waited until next month to secure my SRP rebate, I would lose out on more than $31,000. I don’t know about you, but I can’t afford to lose that money! If you are an SRP customer, now is the time to take advantage of the solar rebate!
Although the deadline is right around the corner, it’s not too late to get your hands on the SRP rebate. A local solar installation company such as Harmon Solar can help with all of the details and should be able to get it done in about a week. Thankfully, you only need to have the solar panel design and plan postmarked by May 31, and the system can be installed and certified later. To speed up the process, contact SRP to find out your total electricity usage for 2008. This will help a solar installation company design a system that works best for you.
If the rebate savings is not incentive enough to make the change, keep in mind the solar system will pay for itself in a few years depending on your average electricity use. Even better, if a system is designed well, it’s possible to eliminate an electric bill altogether! Who knows where energy rates will be 10 or 20 years from now or how readily available electricity will be. Every time I turn around, I hear of another rate hike, and it’s likely only going to get worse. A solar system not only saves money in the long run, it eliminates energy dependence, which in this day-and-age is priceless.