• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Additional $2 Million Available in 2005 for Residential and Commercial Solar Energy Projects; Funding Covers Solar Water Heating

Posted on: Thursday, 22 September 2005, 18:00 CDT

An additional $2 million is now available for APS customers who want to install residential or commercial solar energy projects.

The funds, available on a first-come, first-served basis, are available under the APS Environmental Portfolio Standard Credit Purchase Program (CPP). The additional funds bring the total money available in the CPP to $4.25 million in 2005.

To ensure availability, customers must first call APS and reserve monies for their projects, which must be professionally installed and completed in 180 days.

Under the APS CPP, customers receive up to $4 per watt of installation, or up to 50 percent of the installed projects for grid-tied systems and up to $2 per watt for off-grid systems. In addition, customers may receive up to $700 for solar water heating systems. For more information, customers may access the APS Web site at http://www.aps.com/my_community/Solar/eps.html. Customers may also call 602-250-4990.

The program is currently under review by the Arizona Corporation Commission (ACC) which regulates APS. Any modifications to it are expected to be announced by year end. APS, Arizona's largest and longest-serving electric utility, serves more than 989,500 customers in 11 of the state's 15 counties. With headquarters in Phoenix, APS is the largest subsidiary of Pinnacle West Capital Corporation (NYSE:PNW).

Source: Business Wire

More News in this Category