SRP Rebates & Federal Tax Credits

If you’re an Arizona homeowner looking to reduce your energy bills while improving your home’s comfort, now is the perfect time to upgrade your windows or install solar sun screens. With Salt River Project (SRP) rebates and the Federal Energy Efficient Home Improvement Credit, you can save thousands on your energy-efficient home improvements.

In this guide, we’ll walk you through:

•  How to qualify for SRP rebates and the federal tax credit
• Step-by-step instructions on how to apply
• A real-life example of how much you can save

Arizona’s scorching sun can drive up your energy costs. Installing energy-efficient windows and solar sun screens reduces heat transfer, keeping your home cooler and cutting down on air conditioning expenses.

The Benefits:

• Lower energy bills – Reduce cooling costs by up to 30%
• Increased home value – Energy-efficient improvements boost resale value
• Improved comfort – Keep your home cooler in summer and warmer in winter
• Financial incentives – Take advantage of SRP rebates & federal tax credits

How Much Can You Save?

SRP offers $3 per square foot for professionally installed ENERGY STAR® rated windows that meet energy efficiency requirements.

Eligibility Requirements:

•  You must be an SRP residential electric customer
• The home must be a single-family residence, condo, mobile home, or apartment
• Replacement windows must be ENERGY STAR® certified
• Windows must meet the IECC (International Energy Conservation Code) standards for Arizona
• Windows must be professionally installed

How to Apply for the Rebate:

1. Consult with a Licensed Contractor – Ensure the selected windows meet SRP’s rebate criteria.
2. Schedule the Installation – Work with a professional installer to replace your windows.
3. Submit the Rebate Application – Provide a detailed invoice and proof of installation.
4. Receive Your Rebate – SRP will review your application and issue your rebate once approved.

How Much Can You Save?

SRP offers $1 per square foot for professionally installed solar sun screens or window films that block at least 80% of solar heat gain.

Eligibility Requirements:

• You must be an SRP residential electric customer
• Sun screens must be installed on sun-exposed windows (west, south, or east-facing)
• Screens must be installed on the exterior of clear glass windows enclosing an air-conditioned space
• Screens must block at least 80% of solar heat gain
• Retractable screens are eligible only if they include solar sensor equipment

How to Apply for the Rebate:

1. Find a Licensed Contractor – While not required, it is recommended.
2. Install Your Sun Screens – Ensure they meet SRP’s energy efficiency standards.
3. Submit the Rebate Application – Provide a paid-in-full invoice and any required documents.
4. Receive Your Rebate – SRP will review your application and issue your rebate.

The IRS offers a 30% tax credit for energy-efficient home improvements, including window replacements and solar sun screens.

How Much Can You Save?

• 30% of the total project cost
• Up to $600 per year for window upgrades
• Up to $1,200 per year for energy-efficient improvements

How to Claim the Federal Tax Credit:

1. Ensure Your Upgrades Qualify – Use ENERGY STAR® certified products.
2. Keep Your Receipts & Manufacturer Certification – You’ll need these for tax filing.
3. Fill Out IRS Form 5695 –
   1. Enter your project cost in Part II
   2. Transfer the credit amount to Schedule 3 (Form 1040), Line 5
4. File Your Taxes – Attach Form 5695 to your 1040 tax return.