If you’re a resident of Arizona, you’re likely already familiar with Arizona Public Service, or APS. It’s the largest electric utility provider in the state and serves over a million customers, mostly up north and in central Arizona. The company is a large supplier of solar power as well as more traditional means, and homeowners with solar panels installed have the option of sending excess power generated back to APS’s grid, for which APS provides them with compensation. The rate APS pays to customers for their generated power comes up for review periodically, and there are some things you should know about this impending scenario. Read on for the basics, courtesy of one of the best solar companies in Scottsdale, AZ.
Locking in a contract
The unfortunate fact of the matter is that when the Arizona Corporate Commission (ACC) convenes to review the rates of solar buyback programs, it typically results in a lower rate. This could be seen as a positive sign in the big picture, as it means more clean energy is being generated, and it’s therefore not quite as valuable. For homeowners who generate excess solar energy, it can be a disappointment to receive less money for the power you make from panels installed by the best solar companies in Scottsdale, AZ.
To avoid receiving a lower rate for the power you generate, you can lock in a solar contract ahead of time and ensure you’re getting top dollar even if the ACC lowers the rates.
Contracts last a long time
If you use one of the best solar companies in Scottsdale, AZ to convert to solar, you have time to lock in your buyback rate before September. Even if that rate is lowered (which, again, is likely) you can rest assured that your buyback rate will be honored by APS for 10 years (this actually used to be 20 years until a rate case in 2017 changed the game). The team at Aneva Solar can do a quick, professional and efficient job to ensure that your new green power source is up and running, powering your home and putting a little cash back to your wallet in the form of solar power buybacks.
Jump on incentives
There are federal solar tax credit programs that homeowners can still take advantage of, and our team is well-versed in how to save our customers money. However, some of these credits are set to expire in the next year or two, with no replacements on the horizon, so the time to install solar with the best chance of receiving federal reimbursement is now.
If you’re in the market for solar power installation at your home, then the time to strike is now. You will be able to get the double advantage of federal tax incentives as well as locking in a buyback rate that’s probably going to beat any rate that comes out of the upcoming review. Don’t delay—get in touch with Aneva Solar today and set up a consultation.