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Copyright © 1999-2009 APS.
All rights reserved.
Available Funding for the APS Renewable Incentive Program
The APS Renewable Energy Incentive Program was created in response to the Renewable Energy Standard (RES) as approved by the Arizona Corporation Commission. Incentives from this program are designed to help our customers take advantage of the renewable energy resources available in our state. Doing so will help decrease air pollution, reduce energy costs for participating customers and help build a more sustainable future for all Arizonans.
The goal of the RES is for 15 percent of our retail energy sales to come from renewable energy resources by the year 2025. For 2009, 2 percent of the energy we provide must be derived from renewable energy resources. Of that percentage, 15 percent must come from Distributed Energy - resources that APS does not own and which are installed on the "customer's side" of the electric meter such as rooftop solar panels.
To help reach these goals for distributed energy, the ACC has authorized APS to offer up to $51,700,000 of incentives for APS customer projects in 2009. The energy production target for 2009 is 88,128,774 kWhs of distributed energy which is divided equally between residential (44,064,387 kWhs) and non-residential customers (44,064,387 kWhs).
|
Energy Targets - As of May 31, 2009 |
Residential | Commercial |
| 2009 Projected End-of-Year Compliance Target (kWhs) |
44,064,387 | 44,064,387 |
| Less 2008 End-of-Year Actual Results (kWhs) | -11,438,000 | -5,887,000 |
| 2009 Annual Distributed Energy Goals (kWhs) |
32,626,387 (100%) | 38,177,387 (100%) |
| Less 2009 Installed Systems (kWh production) | -5,159,124 (16%) | -2,785,740 (07%) |
| Less 2009 System Reservations (kWh production) |
-5,305,713 (16%) | -11,931,978 (31%) |
| Energy Still Required for 2009 (kWh) | 22,161,550 (68%) | 23,459,669 (62%) |
| Available Incentives | ||
| 2009 Up-Front Incentive Budget | $49,300,000 (100%) | $1,300,000 (100%) |
| Less 2009 Up-Front Incentives Paid | -$1,424,683 (03%) | -$122,213 (09%) |
| Less 2009 Up-Front Incentives Reserved | -$6,630,785 (13%) | -$623,787 (48%) |
| 2009 Up-Front Incentives Available | $41,244,532 (84%) | $554,000 (43%) |
| Note: APS does have some minimal discretion and authority to transfer funds between customer classes and incentive types. |
||
| Production Based Incentive Lifetime Commitment Cap | $77,000,000 (100%) | |
| Less Systems Installed | -$12,832,999 (17%) | |
| Less Applications Reserved | -$59,063,867 (77%) | |
| Available Lifetime Funds* | $5,103,134 (06%) | |
| Applications Pending Cap Relief* | -$40,810,358 | |
| Total Lifetime Funds Requested through April 30, 2009* | $122,707,224 | |
*On May 26, 2009, APS made a filing with the Arizona Corporation Commission to raise the cap from $77 million to $220 million dollars. Until the cap is increased, we can not approve reservations beyond the total of $77,000,000.
Based on these results, we are currently accepting applications to reserve funding for both residential and non-residential incentives. For detailed program results by year, technology, or customer class, please view the REIP Quarterly Results.
Contact APS Renewables | Renewable Energy Home
Learn more about all APS Green Choice programs