Financing Renewable Energy Systems
Financing has become a major factor in the adoption of renewable energy systems in Arizona. Approximately 80% of the residential photovoltaic systems installed in 2016 have been financed by one means or another. Many of the large commercial and utility scale photovoltaic systems have been developed and installed using Power Purchase Agreements (PPA) where in one party owns the photovoltaic system while another party purchases the energy.
The following links will help in understanding financing of renewable energy systems in Arizona:
- Arizona Solar Financing Requirements
In 2016 the Arizona Legislature passed SB-1417 that requires specific information be given to purchasers or lessors of renewable energy systems.
- Solar Leasing & Lending
- Savings Calculators & Design Tools
- Article on PPAs under development
- SRP Solar system financing comparison chart (link not working 3-10-17 http://www.srpnet.com/environment/business/solar/solarlease.aspx)