Arizona
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 01/08/2009
| Incentive Type: |
Utility Loan Program |
| State: |
Arizona |
| Eligible Renewable/Other Technologies: |
Photovoltaics,
Wind
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| Applicable Sectors: |
Commercial,
Residential
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| Terms: | Loan amount: $2.00 per watt up to a maximum of 25% of the total cost of the project
Interest Rate: 3% |
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Web Site: |
http://www.ssvec.org/programs/energySunWatts.php
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Summary:
Sulphur Springs Valley Electric Cooperative (SSVEC) members may borrow $2.00 per watt up to a maximum of 25% of the total cost of solar or wind energy system. The interest rate is 3%. The loan will be secured by a lien on the house or property. The loan will be repaid in equal monthly installments over five years for loans under $10,000 and ten years for loans over $10,000. There is no pre-payment penalty for paying off the loan early. There is a cap on loan amounts of 4 kW for residential systems and 10 kW for small business systems. The loan program has limited funds and is on a first come, first served basis.
SSVEC's loan program may be combined with the cooperative's rebate program.
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Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
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