What incentive does SRP offer for customers that participate in the Residential Solar Water Heater Program?
SRP residential customers who install a solar water heater and meet program requirements qualify for an incentive of $0.50 per kilowatt-hour of the annual energy savings realized by the system. SRP bases the level of energy savings on the OG-300 rating established by the Solar Rating and Certification Corporation (SRCC). For example, a solar water heater that has an OG-300 rating of 2,600 kilowatt-hours would receive an SRP incentive of $1,300. SRP has dedicated $2 million in funding for the Residential Solar Water Heater Program through April 30, 2011. Progress towards this goal is reflected in the thermostat provided here.
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