SRP is central Arizona’s community-owned utility company for water and power throughout the Phoenix valley area. SRP understands that no two families are the same, which is why SRP offers flexible home energy price plan options to help you save money and match your household budget, lifestyle and energy needs. Most importantly in today’s earth conscious environment, SRP has adopted special rate plans for residential solar home customers that contribute to their carbon-free energy goals.
Most of us are familiar with Time of Use energy plans where most of the day is lower “off-peak” rate while the highest use times are mid-afternoon thru evening known as “peak” rates. This is the hottest time of the day when the AC units are at peak usage that puts the heaviest load on our energy grid.
Time of Use Plans are where “Give your appliances the afternoon off” come in.
The most common rate plan for SRP customers is the EZ-3 Rate Plan. On this plan, off peak rates are about 7 cents per kW most of the day while peak rates can be as high as 34.5 cents in the summer from 2PM-8PM, and 9.5 cents in winter from 5-9 both morning and night. In the summer, just 25% of your energy day can account for as much as 75% or more of your total energy bill.
Solar is at it’s peak production while your need is at its greatest!
Imagine setting your thermostat cooler a few degrees without the fear of being haunted by the high electricity rates that go along with that. You can enjoy the comfort of a cooler home, power the energy hungry pool, charge your EV and more while still supplying some energy back to the grid for profit. With Solar this will be your reality…Dramatically lower rates and long-term energy savings.
Offset Your Energy Usage From SRP With Solar
By generating solar power during the day, your dependency on SRP energy will be reduced to help lower your monthly SRP energy usage AND you may sell your excess energy produced back to SRP! This is your Energy Offset credited monthly.