The United States Recovery Act has been bolstering up solar after the 2008 market slide (due to the world-wide recession). This is partially due to new solar financing options.

Advanced Green Technologies is working hard to put solar panels in with business owners. They are offering a 0-0-3 program, no down payment and interest free for 3 months. This would allow business owners to purchase a solar system, take advantage of tax credits, and pay down the loan before interest payments begin.

Tennessee Valley AUthority proposed adding nuclear reactors, but it is warming up to solar. It created a program, TVA's Generation Partners program, which will provide a $1,000 incentive for small solar projects. It has also guaranteed a price for buying excess electricity.

California started it's PACE program, allowing homeowners to pay back the city for a solar installation through property taxes.

When homeowners meet specific criteria, solar can be added to a mortgage during a refinance. This will decrease interest rates and increase the return on investment (ROI) of a solar system. 

Solar finance are starting to pop up all over the United States to encourage deployment of photovoltaics. Solar panels provide renewable, reliable electricity with no emissions after production and no moving parts. They have a 20-30 year electricity production warranty (and will continue to produce electricity for decades after that).

With these types of programs, it is inevitable that the price of solar will continue to decrease as demand for cheaper renewable energy grows stronger every year.

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In late 2009, Electrical District No. 3 (ED-3) started offering up to $15,000 rebates on professionally-installed photovoltaic solar systems. The was so much interest in the program that ED-3 looked at ways to reduce its popularity. Already, the response has exceded the funds set aside for the rebate.

The ED-3 solar rebate program is funded by a renewable energy fee it charges customers - 30 cents a month for residential users and $12 a month for commercial. These fees help the company raise $300,000 a year, some of which is used to continue funding renewable energy projects.

Unfortunately, these projects pale in comparison to major utility companies such as Arizona Power Service (APS) and Salt River Project. These companies charge its customers between $1.88 and $3.46 a month for renewable energy projects and incentives. This will provide APS with $86.7 million in tariffs in 2010.

Despite collecting a large amount of money to fund renewable energy, APS and SRP are planning to scale down their solar programs. The number of pv solar installations in 2009 is greater than the previous 8 years combined.

One way APS will accomplish this is through reducing it's maximum rebate to ~$13,000. If APS does not takes this action, the funds set aside for this year will run out by June.

Still, thanks to the generous rebates offered by the federal government and APS, a solar system costs $8,000 - $12,000 out of pocket (instead of $30,000 - $35,000). Imagine purchasing a solar system at $8,000 that will provide you with electricity for the rest of your life!

In addition, any excess energy produced by your solar system will run your meter backwards, giving homeowners a rebate on their electricity.

APS is also looking into raising fees to support these renewable energy programs. APS is discussing whether the renewable energy fees are something the residents of Phoenix would want to pay.

This brings up one important point - the residents of Phoenix are paying for the solar rebates. Why would anyone continue paying for other homeowners to install photovoltaics instead of taking advantage of this offer? Getting a solar system 60% off in a state with as much sunshine as Arizona seems like a no-brainer.

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