14 Jul '11, 6pm

Will Arizona’s Solar Industry Survive the Summer? via @greentechmedia

Will Arizona’s Solar Industry Survive the Summer? via @greentechmedia

Arizona’s renewables standard requires 15 percent of the state’s power to come from renewable sources by 2025 and 30 percent of that must come from distributed sources like rooftop solar. To meet the standard’s annually escalating requirements, Arizona’s utilities offer one-time, ratepayer-funded per-watt payments in addition to the 30 percent federal tax credit and $1,000 state incentive. The utility-regulating Arizona Corporation Commission (ACC) sets those per-watt amounts yearly, according to anticipated market dynamics. As a result, demand has skyrocketed . Arizona Public Service (APS), Arizona’s biggest utility, is about to exhaust its incentive fund . Smaller utilities such Salt River Project (SRP) and Tucson Electric Power (TEP) still have incentive money to allot but industry watchers expect those funds to be used quickly. “They’ve basically burned through all fou...

Full article: http://www.greentechmedia.com/articles/read/will-arizonas...

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renewableenergyworld.com 13 Jul '11, 3pm

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